How to Trade the Falling Angel Strategy by Thor

[@rickyg9498]

"Once i get stopped out that means my current play isn't validated...I try not to jump in and out of trades. The concept is you don't want to make the trade happen." - of the million brilliant things Thor says this might be my favorite

[@BBshoptechie]

Ricky G Thanks Ricky!!

[@arthurbartwilliams]

Thanks for taking the time to recap your awesome trade, Thor!! Very clear and well explained!

[@rickmiller6004]

Yet another tremendous and instructive video. Thanks, Thor - keep them coming,, please!

[@zoratrading]

Thanks for another lesson! What is more, when you do your add-ons, or as you call freeroll with unrealised profit, how do you calculate it, or maybe you could share your DAS script for that if you are you using one? Thanks in advance!

[@BBshoptechie]

Robertas Čeponas I’m gonna do a video soon on the freeroll concept and how to calculate it in your head on the fly.

[@studywithmelenny5668]

Hi Thor, awesome trade. one question, did you set up this trade prior to the market open? reason i asked is that with such volatile first one min trade and a very tight stop loss, it could easily miss the stop loss. or you are using a hotkey for a $50 max stop loss? thank you!

[@BBshoptechie]

可人薇 yes I was looking for this specific play. It carries more risk but I compensate with a smaller position.

[@aymankabbara346]

Hi Thor. can we consider these kind of strategies like falling angel and rising devil are kind of fake breakouts? another question what partial % do you usually use to cover up or sell off your positions, 15% ? Thank you :)

[@q3mav]

Took SNAP pre-market at the same level of 15.05 and got out at high of day then re-entered oance the maker begun. Would you be able to record a live trade and post one of those from time to time?

[@MelekShelomohTrading]

$15.03 was my entry, sold at 4:58pm at $17.00 I was extremely confident in SNAP today, earnings catalyst plus its heavy usage in the quarantine = ✅✅✅

[@BBshoptechie]

King Yedidyah Raiment Amazing!!

[@MelekShelomohTrading]

Thor Young correction 3:58pm 😆

[@valhygge8713]

Great trade Thor!! I appreciate the recap.

[@BBshoptechie]

ValHygge your most welcome.

[@EldanShkolnikov]

Thor i have a quick question. When you sell at large asks.. is that considered a liquidity zone?

[@BBshoptechie]

Eldan Shkolnikov Id certainly consider it a liquidity pool for sure.

[@RegencyWealthManagement]

good video. I finally understand what you lot of been banging on about lol. So much to learn will it ever end lol. Mattyt in chat ;-)

[@esk_71]

Can you explain what a partial and POC is?

[@BBshoptechie]

Eric Keese partial is taking a small part of your position off for profit as the stock rises. POC is point of control. Which is showing the highest amount of volume at a specific price within that timeframe

[@Goh201]

Eric Keese The point of control is the price at which the largest trading volume has been made, for a given timeframe (what’s showing on the horizontal axis/scale on the chart). Thor is using the “volume by price” study on the chart (the horizontal bar graph that you see) to determine the POC.

[@esk_71]

@@BBshoptechie Thank you

[@esk_71]

@@Goh201 Thank you

[@kenvu2457]

It's a perfect trade Thor!

[@BBshoptechie]

Ken Vu Thanks!

[@baolucky610]

Thanks Thor. good job, both trading and sharing. $SNAP often chops me up, i have problem with SNAP.

[@BBshoptechie]

james cw same here James. I only played $SNAP cause it was in catalyst. Likely won’t trade it again for a few months.

[@hemeheru6219]

Dam I traded the same way except for the Fallen Angel...i saw SNAP in the premarket show and loved how it looked

[@rogerrahn278]

nice! thank you Thor

[@micksson99]

So what is the fallen angel? Looks like a 1min ORB of engulfing candle to me!?

[@micksson99]

@Nevener Gonna Make It I see. Ty!

[@pratik4309]

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