Today was a big drawdown that did some technical damage. I was never fully convinced it was a great trade because it seemed so late in the phase.
Sold this 25% portion at 2.01R. The market is looking weak and this porting had met my goal.
The market is looking wonky. I had an overall 50% position and this 25% portion was up 2.57R. My goal is 2R, so I took the opportunity to sell before the market might roll over.
The price, MACD and RSI keep falling. Financials are ok, but not so great to keep the order open while the technical deteriorate.
Stop Trigger = $29.00 | Limit = $29.00 | Stop Loss = $27.55 | 25% Position. I got stopped out earlier today after a failed BO. I still like it and think it will work. Raised my buy price a bit this time to increase odds of a more quality BO if I get it.
Stop Trigger = $86.00 | Limit = $86.18 | Stop Loss = $81.70 | 25% Position. The setup is right, but I’d like to see it go another few days before BO. This was a successful trade the first time. Now that the new base looks like its about done, it’s time to play it…
Got stopped out. I still like it with good fundamentals. I think I got in too early. It’s worth another entry.
Added 50% for a full 100% position. Ended in a doji, so its undecided what it wants to do next.
Started a 25% position. Good move on volume that failed to BO. The market was bad overall which didn’t help.
Stop Trigger = $163.00 | Limit = $163.09 | Stop Loss = $154.85 | 50% Position | $98.88 Risk. It keeps going up on increased volume, so I will add the remaining 50% and carry a full position.