A momentum breakout strategy designed to capture short-term swings.
Long entered on 08-Jan-21 Long Entry @ 238.00 Stop Loss @ 223.58 Take Profit @ 272.19
Stop Loss and Take Profit orders factors in volatility and will adjust higher or lower each day. Orders are updated daily by 5:00 AM (UTC-4 New York Time).
Cut losses early, let profits run! Never risk more than you can lose.
I entered long on 13th Jan around $240 - so far so good. However I thought we can run until $262 straight away, but the end of last week was pretty bad. We may see a continued rally today - crossing fingers.
One question: how did you calculate the level of taking profit at $272.19? My trading channel says limit at $262..
quanttraderX
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@definitelyberlin, A proprietary volatility based indicator. The strategy uses multiple exit rules and the take profit order only get triggered about 5% of the time. Long-term profits are made with a trailing stop.
jessek-g
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I hope so! Def looking for a way to get rid of my DASH stock
One question: how did you calculate the level of taking profit at $272.19? My trading channel says limit at $262..