/biz/ - Business & Finance

>pull up your favorite stock
>go on the 5m timeframe
>slap a 200 period SMA on there with a 10xATR keltner channel
>buy/sell when price gets there
>2xATR stop loss and price target for selling half
>if you sell half, move your stop loss up to break even and have some way of determining when you want to exit (maybe a return to the 200, maybe you gamble and try to get 5-10x the ATR above the 200), or just put a 2xATR trailing stop on and let it ride at that point.

simple as. you'd be surprised how often it works. you could also consider just DCA'ing through shit past that part instead of using a hard stop loss and managing your position sizing instead, price usually won't stay that far extended for very long. you can also potentially wait for a reversal candle with volume if you want more confirmation instead of anticipating it for potentially better risk/reward.

enjoy your free money anons.