HIMS - Wait for it, don't rush it

Jun 12

I would wait for the correction to complete around the 45 zone, then start adding when the parallel channel breaks. It has already faked out once. Do not fall for this.

Jun 23

Trade active

Entered at $45 :) Position Active

Jun 24

Note

Hi Guys, FYI, My stop is at 38.6. Please manage your risk.

I used 2% risk factor. To calculate the risk we use the following method.

Entry 45, Stop at 38.6. So, if you have $1000 to trade, our risk would be 2% of $1000 = $20 (is the risk amount)

To calculate the position amount, we use the entry (45) - the stop (38.6) = 6.4

Now, we will buy one 20/6.4 = 3.124 = 3 or max 4 shares.

Please keep this in mind whenever you take a trade, or if you want to hold, hold till the 200 (1 day) MA. If it goes down, I am selling.

Jun 24

Note

The 200 (DAY) MA is at 33

Jul 30

Trade closed: target reached

Book 75% if anyone is holding.