TritonTheBillionaire

Alcoa bearish swing to $17.53

Short
NYSE:AA   ALCOA CORPORATION
One of the limits for the year has been triggered by this stock so I am short the stock.

I typically close instruments based on weekly close so a weekly close above $23.71 is my reason to close and potentially switch sides.

This trade will be held for weeks once it goes into profit.

I got filled at $23.56 with a SL of $27.10 with a target of $17.53

This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
Trade active
Comment: To avoid potential bullish weeks from this major bearish drop I will be closing my massive profit. Starting 2021 on the right track.
Trade closed manually: Closing my $3 per share profit on this amazing bearish week trade. Profits are only realized once you close or secure. Happy hunting.
Comment: Those who used my TP, the target was hit. Happy hunting

Comments

I should replace your SL target to 19.00
Reply
TritonTheBillionaire coldsteel_trading
@coldsteel_trading, Depends on when you got in. Only yearly limit is 23.71 so I got out to avoid any bullish weeks. If you just got in then you may see some drawdown (negative pips) until its ready to head back down. Obviously best case scenario is if it just keeps dropping. Happy hunting.
Reply
TritonTheBillionaire coldsteel_trading
@coldsteel_trading, I hope you enjoyed the trade. Happy hunting
Reply
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