Piranha Profits Quick Refrence Strategy Level 2

Portfolio Management
• Avoid taking more than 2 trades a day 
• Risk no more than 10% of your portfolio
Exit Rules
• Take Profit 2R above Entry 
• Stop Loss 1R below Entry 
• Shift SL to Entry once price moves 1R in your 
favour 
• Exit before earnings announcement 
• Alternative Exit based on price action 
• Shift stop loss to below bearish candles 
• shift stop loss to below candles that hit major 
resistance
Position Sizing
Maintain a consistent risk per trade of 1%-3%

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9.00am-9.20am: Create Watchlist (4 Stocks Maximum)
• Identify Leading Gappers (>5%) and High Pre Market Volume (>20,000) 
• Check News for Catalyst (earnings, upgrades, approvals etc… avoid buyouts) 
• Sort by Lowest float and highest volume
• Check the Day Charts (No major resistance nearby) 
• Check the Pre Market Charts M5 (5 minute candles) 
• Price should be above pre market 20EMA. Pre market chart not overextended.
Setup 1: Enter Break of 
Pre Market High 930am
• Buy stop limit order 
• Stop 1 cent above pre 
market high
• Limit 3-5 cents above stop
• Sell stop 10, 15,20, 30 cents below 
stop entry price
• Target Price 2.5R above stop entry
Setup 2: Enter Break of 
Pre Market Pivot 930am
• Buy stop limit order 
• Stop 1 cent above pre market 
pivot
• Limit 3-5 cents above stop
• Sell stop 10, 15,20, 30 cents below 
stop entry price
• Target Price 2.5R above stop entry
Setup 3: Enter Break of Pre Market 
Bull Flag Pullback 930am
• Buy stop limit order 
• Stop 1 cent above last 
pullback candle on Bullflag
• Limit 3-5 cents above stop
• Sell stop 10, 15,20, 30 cents below 
stop entry price
• Target Price 2.5R above stop entry
Price consolidating near 
Pre market high
Price consolidating near 
Pre market pivot
Pre Market Bull flag 
Formed
Note: at least 1R distance from 
pivot to high
Note: at least 1R distance from 
Entry to high