Stocks To Watch: Stock Pick Broken Down
In this video Pete Renzulli goes over the #META trade and where he has his inital entry, profit target, and stop loss planned out. This method is taught in his boot camp and the type of order flow that our members learn to utilize in the trading day.

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Okay. So moving along and look into some of the other ideas. E Q T, again, that 36 price level. And now we're actually gonna talk a little bit about pack package goods. We mentioned General Mills before, again, holding the bid. A knight's rally after a big move to the upside. It's got a little bit of room to go.

Not monster room, but again, some bull trades that are holding the bid. And again, B Y N D and Campbell's also now individual stock picks. I'm actually looking at meta for this. And you can see this big pullback. There's also conversation, which is a big talk conversation. Anytime a company starts to announce negative reviews for employees that everybody's implying that's gonna lead to layoffs.

Layoffs usually mean a good bounce to the market. So looking at meta right now, heading into this week, I'm looking for meta to catch a bid this week and ultimately break this down trend since earnings. And make a run up towards that 200 level. If it rallies and pulls back. Big deal. Like I said, take a loss, move to the next trade.

Set up the next one. Meta is still really strong. It's still pretty much holding the bid if you use moving averages. The 20 period moving average kind of finally caught up to this big move. And now it's in my radar and in my watch list for this week. So to be clear, and the whole trade is broken down here.

We got the entry, the stop loss. A shares if this thing rallies, takes off, gets me into the trade, and pulls back and gets stopped out, take it like a pro, move to the next trade, pay the expense and look for another one If the trade follows through, we have the price that looking at ad shares, have the price, which is our initial profit target.

And remember, the initial profit target is nothing more than the initial target that we believe is likely. In exchange for accepting this risk. If we get up to that initial profit target, then we shipped over to our profit maximizer, and then we have that same discipline to hold that winning trade longer.

One thing I wanna point out here too, again, if everything we just talked about before about recognizing and sorting the market is still not clear or structured enough for you, read this part here where we talk about the market. A good friend of mine asked me about the markets yesterday. She made a small fortune in 2020.

And gave it all back in 2022. If you know somebody, maybe you , if you know somebody that had that same kind of experience where it was easy on the way up in 20 21, 20 22, everything changed and you didn't have a plan. Definitely watch that part of the daily read that part of the daily ticker. It might hit your right between the eyes and say, wow.

I didn't realize I was making it more complicated. It's a really simple breakdown of how to make the market easier so you can make trades with more conviction.

In day trading, having a game plan is essential for achieving success. A game plan is a pre-determined set of rules and strategies that a day trader follows to guide their trading decisions. It includes factors such as entry and exit points, risk management, and profit targets.

Without a game plan, day trading can become an emotional and impulsive activity, which can lead to making poor trading decisions. A game plan helps to minimize emotional decision-making and ensures that the trader is following a systematic approach to trading.

#stocks #stocktradingpro #peterenzulli

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