TaPlot

Plotting a Trade on $DT

NYSE:DT   DYNATRACE INC
Dynatrace is a cup and handle trade setup example that I have alerted to here twice. It is a trade that I took that ended up with 10%+ profit on half the position and break even on the 2nd half.
I've plotted the trade annotation on the chart. I am sharing this as an example to illustrate how a rule based approach to swing trading looks like.
One of the most common questions I receive when sharing setups is "What is your price target?" and the answer to that is, I don't have one . My profit taking rules are based on multiples of my Risk. I take half off at 2 to 3x my risk (sometimes earlier), and then manage the 2nd half day by day and let it run as long as it is making progress.

Keep it simple. Plan your trade before putting it on and once its on follow your plan. Keep guessing and emotions OUT, if you don't, you will NOT succeed.

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