📈 My Trade Of The Day: NRBO

I'd like to tell you a story.

It's the story of a losing trade.

I don't like losing trades.

In fact, I hate 'em.

But they're part of the game.

And there's a lot to learn from them.

So: here's the story.

TRADE OF THE DAY: NRBO

I loved NRBO from before the market opened today.

It was up almost 100% overnight.

And it opened strong, with a really bullish candle that broke through the pre-market Bank Line.

And here's what I did: I jumped in and bought 1,000 shares.

Wait.

I bought 2,000 shares.

Gosh darn it (edited for cleanliness).

And then I watched it fall.

Everything else was lining up: it only has 12 million shares that are tradeable (the float).

It had already traded tens of millions of shares - there was a lot of demand.

And like I said, it broke above the pre-market Bank Line.

But I bought too soon.

I didn't wait for the breakout candle to close.

You see, I needed to see part of the candle BODY above the Bank Line.

If that doesn't happen - then there's no trade.

And so, I took the trade early, and I paid the price.

Stopped out with a $1,077 loss.

It's a good reminder - to wait patiently.

And also, it's a great motivator: Now, I want my money back and I'll patiently wait to get it back, either on NRBO or on another stock setting up today.

That's it for today.

I hope that this story helps in some way - and if it does, hit reply and let me know.

Love the heck outta you,

Rob

P.S. Learn about Bank Lines here:https://robbiebooker.com/bank-lines-webinar
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.















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