Qullamaggie on The Problem with Pradeep's Methods “That’s the problem with Pradeep’s method. Like, not every stock is created equal, okay? This is why I use ADR. Like something like NET would be considered a breakout. It’s up more than 4%. Its ADR is 5%, so this would be... less than its ADR. But you buy something like Citibank. Citigroup, when this thing is up 4%. A 4% move for something like this would be very rare. It’s almost two times ADR. Okay, like you can’t put a hard rule like oh, 4%, because it’s gonna be very different. You’re gonna have very different outcomes on different types of stocks. Like on a slow-moving stock, which you should never trade to begin with. You buy a 4% breakout, you’re chasing big time. I don’t like the 4% rule. And EP too, like EP doesn’t necessarily have to be 10% all the time. Sometimes it can be less. But again, it depends on the stock. If it’s a slower-moving like large or mega cap stock, an EP can be less than 10% gap up, like something like JD. This was like a hybrid of EP and breakout back in August, which I bought size. Like this thing only gapped up like 4 or 5%, but it was still an earning EP / breakout. Because it was a slower moving mega cap stock. Yes exactly, it’s all relative.”show more

Lone

22,132 subscribers

Share Download