EBS Base Breakout Setup
Updated
Hey everybody got my camera working for this trade idea. Here we have the ebs stock setting up for a breakout in an uptrend and we're hoping for a bullish continuation here. I describe my entry points my stop loss and my profit target one and the logic behind them and how to position your share count so you can manage your risk and prepare to lose as much or as little money that you want if the trade goes against you every decision in this trade has meaning and logic to it that pertains to the particular stock and the setup therefore you know why you are doing everything that you're doing when trading. Let me know if you have any questions or if this is new to you or if you need help setting it up or calculating how much money you should win or lose. The only issue with this stock is that it's not in the technology sector and it's not in the communication sector so it is not in the most high performing sector right now although the healthcare sector is performing pretty decently with financials as well.
Trade active
Entered my position today. I will keep you all posted. Always make sure to use a stop loss and cut your trades off if they start acting up. Its ok to also take off your trade when its going against you before it hits your stop loss.Trade active
Profit target one hit today. Take off 25% of the position and set the stop loss to break even.Note
This could be a fake out instead of a break out so make sure to set your stop loss to the entry pointTrade closed: stop reached
Stop Loss hit today which was moved to my entry point yesterday after taking a small profit. This is considered a break even trade with a little profit.
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