UNISWAP LONG. 5.3R trade. Entry = $3.43. TP = $5.40, SL = 3.06
UNISWAP LONG with Risk Reward of 5.3R. Entry $3.43 with Target Price of $5.40. At TL support of rising triangle and TL with MACD Bullish Divergences on weekly, daily, and 8 hr charts. Stop Loss = $3.06
Trade active:
Another BUY signal right now as UNI breaks above yesterday's high of 3.635 and bounces off support confirming the BUY signal I gave yesterday to start the trade.
I bought 1500 UNI at 3.43 for about $5000. If this trade plays out as planned to Target Price of $5.40 then Profit of $3000 would be obtained on close of trade at that target price. Thats a 60% return on investment. THAT is a great Risk Rewrad ratio and the kinds of trades I try to take when possible.
I bought 1500 UNI at 3.43 for about $5000. If this trade plays out as planned to Target Price of $5.40 then Profit of $3000 would be obtained on close of trade at that target price. Thats a 60% return on investment. THAT is a great Risk Rewrad ratio and the kinds of trades I try to take when possible.
Trade active:
Well into profit. SL moved up. Expect big breakout soon.
Trade active:
Trade Launched today as I predicted after adding to position for FULL 1% risk. Now that price has broken out of the Triangle formation. I am thinking about an aggressive 3rd Addition to this trade to push profits. Looks like price is retracing to the Triangle support. If that holds at just over $4 and then bounces higher to surpass the breakout high of $4.3619 then that would be ANOTHER BUY SIGNAL.
For those interested this thought process is meant to try to push my winner here and still minimize my risk (which is the name of the game). So,...I could enter a BUY LIMIT order at $4.39 for example (a small bit higher than recent high) assuming price breaks above high of $4.3619 with a SL of that 3rd portion at $3.80. I can ALSO raise my SL on the 1st 2 portions to $3.80 since they are in profit. Assuming I bought 1500 UNI at EACH buy entry price of $3.43 and $3.635 that would mean a profit of $0.37 + $0.165 = $0.535 * 3000 UNI = $1605 IF my SL is hit at $3.80. Then my 3rd entry at $4.39 would have $500 at LOSS risk if the SL is hit at $3.80. So, $1605-$500 = $1100 PROFIT on worse case scenario!! Since we will assume a $500 initial risk that is a 2.2R Win (1100/500) in WORST case. Still a GREAT Result on a well planned trade.
BUT,....IF this proceeds to my TP of $5.40 I will stand to maximize my total gain to $1.97 (1st), $1.765 (2nd) and $1.01 (3rd).... Total Gain = $4.745. The 1st 2 positions were 1500 UNI each (3000 UNI) the 3rd position would be 847 UNI because SL at $3.80 (4.39-3.80 = $0.59 * 847 = $500 at risk) That brings the TOTAL UNI at 3847 UNI with potential profit of $18,254. Astronomical!!! THAT is a perfect trade with NEVER risking more than 1% of my trading account.
NOT trying to pat myself on the back for this trade but this one I am quite proud of how its playing out and how it was planned. This is how wealth is built!
- Worst case Profit if $1100. Best case Profit $18,254.
Plan the Trade and Trade the Plan.
For those interested this thought process is meant to try to push my winner here and still minimize my risk (which is the name of the game). So,...I could enter a BUY LIMIT order at $4.39 for example (a small bit higher than recent high) assuming price breaks above high of $4.3619 with a SL of that 3rd portion at $3.80. I can ALSO raise my SL on the 1st 2 portions to $3.80 since they are in profit. Assuming I bought 1500 UNI at EACH buy entry price of $3.43 and $3.635 that would mean a profit of $0.37 + $0.165 = $0.535 * 3000 UNI = $1605 IF my SL is hit at $3.80. Then my 3rd entry at $4.39 would have $500 at LOSS risk if the SL is hit at $3.80. So, $1605-$500 = $1100 PROFIT on worse case scenario!! Since we will assume a $500 initial risk that is a 2.2R Win (1100/500) in WORST case. Still a GREAT Result on a well planned trade.
BUT,....IF this proceeds to my TP of $5.40 I will stand to maximize my total gain to $1.97 (1st), $1.765 (2nd) and $1.01 (3rd).... Total Gain = $4.745. The 1st 2 positions were 1500 UNI each (3000 UNI) the 3rd position would be 847 UNI because SL at $3.80 (4.39-3.80 = $0.59 * 847 = $500 at risk) That brings the TOTAL UNI at 3847 UNI with potential profit of $18,254. Astronomical!!! THAT is a perfect trade with NEVER risking more than 1% of my trading account.
NOT trying to pat myself on the back for this trade but this one I am quite proud of how its playing out and how it was planned. This is how wealth is built!
- Worst case Profit if $1100. Best case Profit $18,254.
Plan the Trade and Trade the Plan.
Trade active:
Sorry,...Got a little over excited on calculations of potential Profit with 3rd Entry. Total Profit would be $5930.235. NOT 16k as described earlier. I really need to make a spread sheet to do these calculations for me. Still nearly $6k profit while typically risking between $500-$1000 is GREAT.
I have placed a BUY STOP LIMIT Order @ $4.39 for 847 UNI if price breaks out to that level. At that time all SL will raise to $3.80. Until then SL remains $3.15
I have placed a BUY STOP LIMIT Order @ $4.39 for 847 UNI if price breaks out to that level. At that time all SL will raise to $3.80. Until then SL remains $3.15
Trade active:
Just entered 3rd position of this trade. BUY Entry 847 UNI @ $4.39. raised SL = $3.80
Trade active:
So far trade turning out as planned. For only about $14,000 total investment I am up well over $4000 and the trade is still looking strong. Will leave everything as is. Also will not necessarily EXIT trade at TP. I plan to reevaluate the trade at that point and see if I can push farther.
Trade active:
Upside Target Price updated to $6.41 as we broke out above prior TP of $5.40. Absolutely CRUSHING this trade while minimized risk.
Trade active:
New updated TP reached of $6.41. It seems no one is interested so I will not be updating this trade until its closed out. Staying LONG here and expect to stay long for quite some time. Trade already up over $9000 on initial risk of only $500.
Trade active:
Still WELL into Profit. Plan to STAY LONG until a trend change or a SELL signal on the Weekly time frame. Trade is up over $18k on an initial $500 Risk. That is a 38R return so far.
Trade active:
Trade is up 100R so far in unrealized gains. The trade ooks a bit lofty but I am not one to take profits and try to time getting back in. I would rather add more to the position. On $500 risk per trade I am now up over $50,000 with the entries I made and still holding. Plan to update when I have something new to say. Otherwise, just riding this trade to "let my winners run".
Trade closed: target reached:
Closed Position with all being sold at $23.34 just now. Huge profits of over 125 R return.