Good risk / reward ratio on this trade. However, this is a risky trade by its COVID-related nature.
Breakout past a 3-month correction. Good momentum.
- Target Entry: $29.65
- Target Stop Loss: $28.86
- Target Exit: $34.27
- Risk / Reward Ratio: 5.85
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.
Breakout past a 3-month correction. Good momentum.
- Target Entry: $29.65
- Target Stop Loss: $28.86
- Target Exit: $34.27
- Risk / Reward Ratio: 5.85
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
- When I see that the market is opening too high/low, I wait for 30 min from the opening bell before placing my order. This is to avoid that initial spikes / drops get me into a position and get me out right after.