Breakout price: $2.50
Risk price: $2.25
Target: $3.25
I am super happy with this trade. I executed my plan perfectly. I did not have FOMO. I waited unitil 9:45am which is when the breakout happened. This trade resulted in a 15% gain.
I need to remember that because I am risking a small amount, my gains are small. Over time though if I take small gains my positions size will become much bigger. I only took 40 shares on this trade, image when eventually I can take 500 shares, and that will be $187 gain.
Something I am struggling with is buying breakouts. So far I am finding that it gives me a return of 10-20% (I only have a couple weeks of data), however maybe buying consolidation will yield in better returns??
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-05 09:48:21 | JAGX | buy | $2.500 | long |
2021-01-05 09:54:28 | JAGX | sell | $2.870 | long |
2021-01-05 09:59:25 | JAGX | sell | $2.900 | 0 |
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