Roku Short
I entered a position with Roku 30 shares short @ 126.90
It bounced off 20/50 MA and rejected the both channels (+2)
RSI is trending it had some poor news with FOX and it faded passed previous support it may move lower my target will be the 200 MA (+2)
$118 will be my take profit. My stop loss will be 130.2.
Max loss is $99 USD. 0.099% of Capital
100 Trade Challenge Begins. This is a paper trade.
Capital is 10,000 USD /w 2x margin. Max I can trade is 20,000. FB active with $6282.9 of capital// Roku active with $3807 with remaining of $9910.1 remaining.
This looks like an A Grade trade with 4 + points
2/100
My plan is to exit before earnings.
It bounced off 20/50 MA and rejected the both channels (+2)
RSI is trending it had some poor news with FOX and it faded passed previous support it may move lower my target will be the 200 MA (+2)
$118 will be my take profit. My stop loss will be 130.2.
Max loss is $99 USD. 0.099% of Capital
100 Trade Challenge Begins. This is a paper trade.
Capital is 10,000 USD /w 2x margin. Max I can trade is 20,000. FB active with $6282.9 of capital// Roku active with $3807 with remaining of $9910.1 remaining.
This looks like an A Grade trade with 4 + points
2/100
My plan is to exit before earnings.
Trade active
Moved stop to 132 as roku tends to swing quite a bit.Trade closed: stop reached
Note
Take way for this trade is, poor timing I should have shorted at the channel and too tight of a stop perhaps
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.