Trade Idea - WANT

WANT has triggered 3 entry signals on a strong backtested squeeze based strategy. Through the options market we believe that want will be trading around 117.67 by Feb 18.

First entry @ 89.10
Second entry @ 92.93
Third entry @ 95.93
Strategy: Long Stock
Trade management: Use a daily adjusted trailing stop on the lowest low of the previous 3 candles
Tip: Use the ghost feed tool (free) to ensure that the daily movement of the stock is towards your plan target.

Its critical to your trading success to not only know the set up you are trading but have confidence in it. Assuming that the same trigger (eg: a MA cross) is going to work on all stocks all the time is incorrect and can lead to losses. Trade proven reliable set ups and triggers and you will be more consistent. Knowing that what you are trading is a proven set up gives you the confidence to trade it and manage it correctly.