Because of seasonal tendencies, August can be tricky for many traders. One of the critical changes we use is to tighten our time frames. This is step one in what to do when you aren’t seeing follow-through.
In this example, we traded Johnson and Johnson (JNJ). We got in at $2.05 and exited our trade at $3.50.
Let’s look at our trade, where I will show you how we set up this day trade, managed our risk, and knew when to take profits.
