Range-to-Breakout Workshop · Kittipong S.
A coil in a SET bank, and a stop that stayed put
Kittipong arrived with a folder of bank-stock breakouts that all looked the same on a phone: a tight three-week range, a strong open, a buy, then a long afternoon of moving the stop because 'the stock always runs'. In week two we printed the same three weeks on A4 and marked every close that had failed back inside.
There were four. He had treated two of them as 'shakeouts' and added. The worksheet in week three forced a unit that made adding painful. He did not love that. In week four he walked a later coil in the same name: he waited for a daily close, used the written stop, and took the loss the next morning when the close failed. The loss was the size on the sheet. He said that was the first time a failed bank break had not followed him into the weekend.