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
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: http://stockbee.biz/position-size-calcul...
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!
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!