Unlocking a potential reward-to-risk of four in RSPT ETF with this simple breakout entry [Video]

Ming Jong Tey Independent Analyst

Invesco S&P 500 Equal Weight Technology ETF (RSPT) might seem unremarkable in terms of percentage movement, it offers a compelling opportunity for those who trade with a keen eye on reward-to-risk ratios.

For traders who understand the value of a strategic entry and exit, RSPT can be a goldmine. The key is to focus on breakouts.

Here’s how it works: You’d set your entry point at a breakout above yesterday’s high. This breakout serves as a strong signal that momentum is building, and it’s time to get in. Your stop loss should be placed just below yesterday’s low, keeping your risk tight and controlled.

Trading plan for RSPT ETF [Video]

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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