(10) Lateral Entry At Right Time After Bullish Breakout
It is one of the most amazing day trading tips to trade cup and handle pattern. No stock can increase non-stop in stock markets. It has to face several ups & downs perhaps to shake weak shareholders from time-to-time.
Same thing is true even for a stock in a bullish uptrend after breakout of cup with handle pattern. A stock or bond can show decent pullbacks even during an uptrend.
Day traders can make intraday buy positions during pullbacks. However, it will be best strategy to keep strict stop loss order below 5% to 8% of your buying price.
These unique opportunities can provide good entry points for those who were left out to join the ongoing rally immediately after breakouts.
Thus, day traders can utilize pullbacks for getting intraday entries to generate profits quickly.
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