Alec40

Deadly Accurate WBA Trade! 80+ % Win Rate!

Short
Alec40 Updated   
NASDAQ:WBA   Walgreens Boots Alliance, Inc.
6
Hey Traders, I recently entered another WBA trade. My Entry price was 86.00 but I do see plenty more entry opportunities before this move plays out.. This is a Swing trade that has been extremely profitable for me. These trades can take up to a month or so to hit targets given the fact that price needs to move nearly $5 to hit target 2.
Entry- $86.00
Target 1- $84.00
Target 2- $81.50

If price can come back up to 85.30, I may add to the position. I will be sure to update this idea as the trade plays out. Thanks traders and feel free to leave a comment or any questions you may have regarding this setup.

Also, I am trading options on this ticker not shares.

I bought Jul 21 2017 $85 Long Puts!!
Trade closed: target reached:
Hey Traders, Target 1 has been surpassed and Filled with a much much bigger profit than my trade plan called for!! I listed above that I was looking for Target 1 at $84.00 and Target 2 at $81.50. Price gapped down big time this morning and continued to show weakness. I ended up taking Target 1 at $82.00! this was a another great trade posted here on Trading view!! If you follow me and decide you want to take the trades that I am posting, that is fine however that is not the purpose of me sharing these trades with everyone. I share these trades for educational purposes. We should never enter ANY position unless it meets our Conditions, Criteria, and Rules for entry, derived from back testing. This is a good trade to learn from especially if you are at the beginning of your trading journey. New Traders tend to have unrealistic expectations and in my experience, this can really hurt them. People fall into the "Get rich quick scheme" and this is dangerous. One Example of Unrealistic Expectations would be when someone opens a brokerage account with $2,000 and thinks that they will quit there job to trade and make tons of money or hit the "Home Run Trade"
(I know that may sound crazy to some people, but I have personally seen this happen). The reason I am bringing this up is because today I hit a "home run trade"
and I want to explain why and how this happens. I obviously trade very actively as a professional trader and I can tell you right now that these "home run trades" are very rare! As you can see from what I wrote above, my trading plan for this trade consisted of taking half of my position off (Target 1) at $84.00. I got lucky and WBA gapped down below my target 1 price when the market opened today. I ended up making an additional $2.00 per share resulting in a "home run trade".
With that said, you will be lucky if this happens 1 time out of every 200 trades or so (I don't know the exact average but I will look into that and post the results here asap). Not to mention that this works both ways, from time to time, price will gap against you resulting in a larger than expected loss. The moral of the story is- Manage Expectations, Manage Risk, Create a back tested strategy with Rules etc. Learn to trade and be patient because this takes time! Do not try to hit a "Home run trade" because they will happen from time to time when least expected. Just like any other career, in order to be a successful trader, you must do the same thing day in and day out. Know what your trading and every aspect of how you are trading it. Every once and awhile, you will get a bonus! Good Luck Traders. If you have any questions, please leave a comment or message me and I will be sure to get back to you asap! Thanks Traders
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