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Stock is in an uptrend.
Has pulled back 3 or more days
Volume has decreased on the pull back
R:R is at least 1 to 2.5
Enter when price breaks prior days high
Stop is just below prior days low
Initial target is last swing high.
Risk less than 1% of capital
For KEYS the stock has made a new high
3 days of pullback
Volume is decreasing
R:R is more that 1 to 3
Entry will be 34.25
Stop = 33.65
Target = 36.25
R:R = 1 to 3.33
Capital at risk will be 0.05%
Trade will be closed prior to Earnings announcement Feb 19th.
I have no idea if the trade will trigger tomorrow. If it does I don’t know if it will be successful. The stock has no history to speak of so I’m only looking short term. At 1 to 3 Risk to reward I only need to hit my target 1 time in 4 to break even.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
A chart of the emotions that an investors goes through as the market cycles.
It is human nature to take credit for your wins and rationalize your loses. One of the biggest mistakes a trader can make is to turn a trade into an investment when it goes against him.
My main focus is on keeping my losses small.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Watching YHOO;
After a gap down on above average volume YHOO advanced and retraced testing prior lows.
Looking to enter at 43.25
Stop = 42.50
Target = 45.85
Capital at risk = 0.45%
Also looking at BAH
Today on above average volume it tested the low and closed near its high.
Found this one scanning for a hammer pattern.
Entry = 29.05
Stop = 28.10
Initial Target = 31.15
The R;R on this trade is only 1: 2.2 I’ll trail a stop below the daily lows as an exit strategy for this trade.
Capital at risk = 0.38%
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard