Trade Reflection
Target Hit: No. Up 10.7% at some point (4.8% left to take profit.)
Target Trailed, why: No
Stop Hit: Yes
Signal for entry: Anticipated breakout/ retest historical high once again within pennant.
Trend continuation post stop breach: yes, 16% to the downside followed by a sharp rally and retest at stop. Wether stop was correctly placed or not, the price level was definitely important.
Risk/Reward: 1:1.5
Poor Stop Placement: Could have been improved by 4% at 53.10 (black horizontal line)
Risk %: 10%
Reward %: 15.5
Fundamental overlay: none
Would you take the trade today? What would you do differently?: Hard to say (didn't even take this trade (beta is too low for me)). If I have to guess I'd increase my stop to 53 for a loss of <4%
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Target Hit: No. Up 10.7% at some point (4.8% left to take profit.)
Target Trailed, why: No
Stop Hit: Yes
Signal for entry: Anticipated breakout/ retest historical high once again within pennant.
Trend continuation post stop breach: yes, 16% to the downside followed by a sharp rally and retest at stop. Wether stop was correctly placed or not, the price level was definitely important.
Risk/Reward: 1:1.5
Poor Stop Placement: Could have been improved by 4% at 53.10 (black horizontal line)
Risk %: 10%
Reward %: 15.5
Fundamental overlay: none
Would you take the trade today? What would you do differently?: Hard to say (didn't even take this trade (beta is too low for me)). If I have to guess I'd increase my stop to 53 for a loss of <4%