Why Shopify (SHOP) Should Be On Every Trader’s Radar
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The setup we examine in the video below comes curtsey of a little Canadian multinational e-commerce company, known as Shopify. Over the past several weeks, the stock’s price has been pretty indecisive on where it wants to go, oscillating in between two major levels.
As well often talk about, these levels are critical for traders to be aware of as they present the guardrails of what trades we can and should be making. As you’ll see in the video, I point out the two main levels to watch as we move forward. It is important to know these levels well and have them mapped out, this will help you formulate your game plan and, most importantly, define your risk.
Risk management is key with any trade we put on and it must be determined before you put on your trade. It is also important to not move your stop loss, as it throws off the original risk/reward of the trade.
Learn more by becoming a part of The Profit Machine community, made up of thousands of traders, like yourself, as I teach all I have to offer on my style of trading. When you join, you’ll learn just how you can make this trade and countless more like it as I teach my students my strategy when it comes to trading options.
Don’t wait, take advantage of this opportunity to make 2023 one of your best years yet! I look forward to trading with you…
