Thursday, December 14, 2017 12:25:08 AM
JNUG, I sold way too soon. The chart was a text book play on the 1:2 risk reward formula. Only able to watch the first 15 minutes at the opening bell. I bought at 12.25 and sold before I went to work at 12.70 to lock in a small profit. I switched to the 15 minute chart looking for an entry once the price got below the initial target low from the downtrend chart (second chart)
60 minute chart has a nice "W" pattern set up to trade. Entry at 13.20 stop loss at 12.45 for a .75/share risk. A buy of 265 shares will limit my total loss to $200 max with a potential of $400 profit if target hits. That's my plan!!!! LOL
60 minute chart has a nice "W" pattern set up to trade. Entry at 13.20 stop loss at 12.45 for a .75/share risk. A buy of 265 shares will limit my total loss to $200 max with a potential of $400 profit if target hits. That's my plan!!!! LOL
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