What is the Bird Box Trading Strategy?

You have probably seen or at least heard about the movie Bird Box on NFLX starring Sandra Bullock. How in the world does that movie relate to trading?
Well, let's talk about it in this video and Blake describes one of his favorite day trading strategies.

[@ewh88]

Ive got a Cast Away strategy where i-just yell Wilson and cry

[@blakeanderson3979]

Haha, I think we've all applied that one a time or two!

[@RealLifeTrading]

Thanks for commenting

[@Kirkrrr]

I've been back-trading this strategy for the past two days on TWTR with 3 minute candles. Using a fib retracement of the initial move at the open works so well, it's simply amazing. Even several hours later and well into the day, prices still retrace back to the exact fib levels within a penny. Thank you for sharing and explaining this strat, Blake!

[@RealLifeTrading]

NICE!!!!!!!!

[@augustolacerda3560]

well, if the strategy consists in buying a support level and, in this case, the price goes down and than back up (testing it as a resistance and braking trough the resistance point), it's natural for the price to come back down and test again as a support. so, if you are aiming the full gain, trailing stops don't make much sense as it's expected for the price come back to test your point of entry as support. trailing stops would, in most cases, end the trade earlier than it should. well, at least in my opinion.

[@RealLifeTrading]

Thanks for commenting

[@GophSTAR]

Nice video, well explained, just wish my mind didn't think like the bottom of a Bird Box he he :)

[@RealLifeTrading]

Thanks for commenting