Successful trading is all about objectively trading high-odd setups, entering with proper position size, then using proper money/risk management to manage with the charts.
We typically don’t trade IPO stocks on the day they begin trading because are typically too volatile and erratic.
We prefer to wait a few days until the candles can set up a high probability daily setup. We did this recently with a recent IPO, Luckin Coffee Inc. (LK), and had a beautiful swing long at the low with a Master Trader Bullish +123 Continuation, one of our most reliable setups.
To learn more about this setup, check out our next MT Live on 6/18/19 at noon ET, entitled Trading The Master Trader 1-2-3 Pattern for Maximum Profit, register HERE.
However, you will see in this video the very clean setups on FVRR’s debut last week on the 2-Min. Chart.
It provided a “no-brainer” setup (entry) and trade management was extremely easy using Master Trader’s Management Strategies (shown). In fact, one of Master Trader's long-time subscribers, Luis, booked over $20k on it in one day using these exact methods.
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