Risk/Reward is not spectacular but still good. If it gets to $5.60 we can add some more at a much better risk/reward. Stop is around $5.40.
Trade closed: target reached:
Well, well, well! Target reached! And drawdown didn't even hit 50% of stop.
This is why risk management is crucial!
This is why risk management is crucial!
Follow me for some interesting Risk:Reward ideas. I have a purely technical analysis approach. I mainly watch and trade US stocks that have weekly options. This is not an investment advice, do your own due diligence.