Shared by
Leon64
Target: $64 | 3.258:1 R:r
Risk: $480 vs. $57.40
Setup: There was a $65 price target, but also I forgot that there was also a public offering in the works. It broke out of consolidation and double bottomed. It formed a cup and handle and flagged on the 5m. Thought it could shoot up above $59.
Pros:
1. My risk was okay.
Cons:
1. The timing from my computer is off with the broker. It caused me to buy-in prematurely. I might have been able to save myself the trade if I had been just a tad more patient.
Old Blog:
https://1337trading.blogspot.com/
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-09 12:29:00 | RCKT | buy | $58.910 | long |
| 2020-12-09 12:29:00 | RCKT | buy | $58.950 | long |
| 2020-12-09 12:29:00 | RCKT | buy | $58.950 | long |
| 2020-12-09 12:34:00 | RCKT | sell | $57.430 | long |
| 2020-12-09 12:34:00 | RCKT | sell | $57.500 | long |
| 2020-12-09 12:34:00 | RCKT | sell | $57.500 | long |
| 2020-12-09 12:34:00 | RCKT | sell | $57.500 | long |
| 2020-12-09 12:34:00 | RCKT | sell | $57.430 | long |
| 2020-12-09 12:34:00 | RCKT | sell | $57.430 | 0 |
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