Right or Right out: A term coined by ChartYourTrade member George Maniere to describe a trade that is entered near support (often off a key moving average like the 50dma or 200dma but could be any form of potential support) . You are either “right” when using such an entry and show an immediate profit or are “right out” if the support fails.  
Benefit: entering so close to a potential exit allows for a larger position size to be acquired while risking a very small %
Drawback: entering before confirmation of a trend via a break of a resistance level may produce a lower win-rate