Entry Strategy

Entry Strategy - when and how will you enter a trade. Having correct entry timing is most important because it will keep your losses small even if the trade fails to progress as planned.

I always time my entries using price action.  For example, I will enter a stock by buying on a - 

1. breakout of a recognized chart pattern
2. breakout of significant resistance
3. pullback to support after a strong breakout
4. pullback to strong support after a rally