He placed the buy stop order just above the resistance line. He placed his stop loss automatically. He calculated his position size based on his daily loss limit.
On his desk, next to a crumpled sticky note, sat a thick stack of papers bound by a black clip. It was the manuscript for The Playbook , written by the firm’s co-founder, Mike Bellafiore. Mark had been avoiding it. He thought he didn't need a "playbook." He thought he needed better alerts, faster fingers, better luck. the playbook pdf mike bellafiore top
The market opened. The volatility spiked. He placed the buy stop order just above the resistance line