been following this guy's setups. he seems to be very good. trendline has been broken yesterday and a trade placed NKTR ascending triangle Short 400 at $6.93. ($2772) Initial target $6.25. (GAIN $272) If broken add 200 shares Target $5.71 (GAIN w/out scaling in: $488) Initial stop at $7.20 (LOSS $108) Initial R/R: 2.5:1 (initial target and initial stop)
trade is completed. not bad for 30 minutes of work Net profit: $268. Amount risked: $112 R/R: 2.39:1 Days in trade (market days): 8 Time comitted to trade: 30 minutes. 20 minutes identifying tradability, risk/reward, targets, s/r. 10 minutes monitoring progress and news.