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kowloonboys
May 4, 2020 12:36 PM

IBRK short term trend Long

Interactive Brokers Group, Inc.NASDAQ

Description

Trade #1 of this month

Yes MA200 EMA50 MA21 are all going downtrend but I think this is a near-term bottom. Entry around this level with a small position with first target at $44 and second target at $49.5 for the next two weeks timeframe and reduce position at $36.5/$32

Risk-return ratio at 1.2 - It's not a lucrative ratio if you are an aggressive type trader but it shall be a relatively safe starting position since anything logical or illogical could happen in a split second during this high volatile time.

Trade closed: target reached

The first and second targets have been met within the time horizon of 3 months - closed all position at $50
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