Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
@NekoPanku, In this trade, Max risk is $230. This is sure before entry.
PlanTradePlanMM
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@PlanTradePlanMM, Risk management is sure. Winner or loser will be out of my control.
Steversteves
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@PlanTradePlanMM, I think you were a little too quick. The sell area was 158. I do think BA will pullback though but I don't think its pulling back to 115 anytime soon.
PlanTradePlanMM
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@Steversteves, thanks. my next fresh Supply Zone is 173. Earning date is 7/28. See if big Gap up, I might short 2nd entry. For the 115, my plan will work for 3 months. Once below 127, I could make even.