Long

Bullish Gartley

Updated

JD, Set buy limit order with other cancels other for target/stop, still learning.

Position Size: 5% risk for 10k is 25 shares worth $900.
Buy Order: 36.00
Target: 40.00
Stop: 34.00
Time Frame: June 1st

Note

In the trade, lets see what happens the next few days, JD has been getting hammered by Alibaba lately.

Note

adjusted my orders for the trade today:

Set buy stop order with other cancels other for same stop.
buy stop: 37.5
stop loss: 34.0
shares: 25

if executed, total shares would be 50 and a new OCO order must be made the next night to reflect the added shares and place stops above buy orders.

Note

Nice leg up today, lets see what happens tomorrow, new order stop at: 38.00,
for the 1:1 ratio.

Trade closed manually

stopped at my updated 38.00 price from yesterday, always update your stops upwards, never down.

Trade closed: target reached

Still a nice setup even today

YSphere_Trading

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