AR Trade on May 27, 2022 15:00 from td2022: Tradervue User Stock Trades.

Entered this trade following short squeeze technical analysis (Dan Rawitch strategy). Our plan is to exit if a breakout doesn't materialize immediately.

Risk: $82
Exit Plan: We will close the position if the underlying drops to $41 ($44.31 at entry)
Underlying Price Target: ♾️
Profit Target: $246 (3x of risk)

Concerns include entering on a Friday of a 3-day holiday weekend, and trading a strategy that we haven't back tested or paper traded. But we are keeping our risk defined and maxed at 1-2% of our Net Liq. Also, not sure if we picked the correct expiration with only 21 DTE, which probably has accelerated Theta compared with a contract further out.