The 3 bullet system
1- “The starter” Home
2- “The pullback” Delay
3- “The last entry” Layover
Take away: “Always have a full clip”
1- “The starter” Home
2- “The pullback” Delay
3- “The last entry” Layover
Take away: “Always have a full clip”
“I am in Barbados”
Where are you before, Barbados?
You are at home packing(loading) your bags. Home is rule number 1. Create a buy zone at or near your perspective floor
Bullet 1- “The starter”
Where are you before, Barbados?
You are at home packing(loading) your bags. Home is rule number 1. Create a buy zone at or near your perspective floor
Bullet 1- “The starter”
When flying to Barbados, you have 3 scenarios a Direct flight, a Delay and a Layover. This is where “The 3 bullet system” comes into effect.
A direct flight takes you straight to Barbados(PPM)
A delayed flight gives you the opportunity to add to your position at a lower price.
Bullet 2- “The pullback”
Bullet 2- “The pullback”
A layover is like a pivot point. Once we break these pivots, we fly to our next layover or destination(Barbados). Sometimes layovers are longer than others. This is called the consolidation phase(The longer a stock accumulates, the bigger the run).
Bullet 3- “The last entry”
Bullet 3- “The last entry”
What is a Pivot?
A pivot point is a technical analysis indicator or calculations used to determine the overall trend of the market.
A pivot point is a technical analysis indicator or calculations used to determine the overall trend of the market.
Continued- Trading above the pivot point is thought to indicate ongoing Bullish sentiment, while trading below the pivot point indicates Bearish sentiment
If we break the next pivot, the balance of probability leans towards a higher move. (Look for 2 consecutive closes above a pivot level to confirm a new floor)
These layovers may continue until you reach your final destination. “I am in Barbados”
