from the transcript of a trial where toby crabel testified what was unique about his trading method, claiming an x ployee used it to get a job at a competing firm. well when i find the court case again i will post the link - i found it 20 years ago
I didn’t find the transcript (only terms and agreements) nor the answer to my question Alright, thank you very much
Why not. But 35% for GME hits different than 35% for MSFT. I wonder if it’s a magic number or a formula (that takes into account volatility).
It depends on the time frame. A 35% move of a given range on a 5 minute chart isn't much. Let's say it ranges in a $3 range, between the price points of $432 and $435. You buy in at $432 and exit at 35% of $3 which is $433.05.
back on topic. Notice the low volume and the Break Out (BO). Now of course the FOMC will cause havoc soon.... But a positive reaction, 70-ish is possible and a clear exit in the short term.
Volume ended at about 3.8 million. So now increasing volume to the high side of the volume range. If there is a high volume (5mil+ day) that might be a local high and a good exit.