NASDAQ:AMD   Advanced Micro Devices Inc
372 5
AMD , Set sell limit order with other cancels other for target/stop, still learning.

Position Size: 5% risk for 10k is 100 shares worth $1450.
Sell Limit Order: 14.5
Buy Limit: 13.0
Buy Stop: 15.0
Time Frame: June 29th
Comment: Let me clarify my position size a bit because the wording is a bit off.

If you have $10,000, risking 0.5% of that is $1450, I only ever want to risk $50 per trade if it goes against me so I always know exactly how much capital is at risk. This method with 1:3 ratios, ladder entries, and trail stops makes a great setup for me personally.

Besides that I like the harmonic patterns because it was the easiest for me to understand and I knew I had to stick with something and just hone it out. I'm not here to be right or prove something, i'm just here to make money and live life so you got to be dry about these sorts of things.

Here is my calculator I use:
Trade closed: stop reached: Its out
LOL. I said last week that we were heading for $14 this week. Almost there today, and that's with the short week from the holiday! I was a little concerned that we might not make $14 simply due to the holiday. AMD is on its way up 10 where it should have been before the last earnings ($14-15 range), and then going higher to where it should be after last earnings showing promise for the next quarters growth... should be going to $16-19 depending on how optimistic you are about Epyc. There are a lot of reasons to be optimistic! Plus there's another earnings report around the corner, and its likely to confirm what we've been saying about Epyc and Ryzen growth. Likely $20+ after the earnings report (if it doesn't have bad news).
People trading on the swings are likely to be hanging on their swing when its said and done. The fundamentals of the stock have changed THIS YEAR. So watch out! This is not your old AMD!
+1 Reply
from the chart looks like your buying high and selling low but I know what you really mean is sell short not buy
+1 Reply
Dem456 matthewduxbury1989
@matthewduxbury1989, Yeah I was a worried about that, my description for it is more detailed so if you use ThinkOrSwim make sure to understand it all. Also use the simulated trades until you get the lingo fully before using real cash.
@Dem456, so your really confident amd will be pulling back .. I really have been waiting for a pullback since 12 and change .. I should've held a lot longer .. we could go either way I thiunk though most likely we pull back but be protected .. manage your risk
+1 Reply
insanelycool1 matthewduxbury1989
The past is not indication of future. This stock might have small corrections, but its become hard for shorts to manipulate the stock when the company is doing so well in recovering from the past years. AMD is in great shape and any corrections are likely to be small and short lived. Shoulda held your stock buddy! It's going up past $20 this year unless something crazy happens!
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