Well that trade was not working well right off the bat. Decided to close out position at $22.96. Will re-evaluate again as price moves in near future.
Got another SELL signal. Will SHORT again at $22.81 with stop at $23.79. Same targets as before. We will see if it fills the order. I know some of you disagree with this trade. But following my system and my system says SHORT.
Do you enter your entire position on the first trade or day? Have you considered entering a little each day over a price range?
When I enter I RISK 0.75% of my position on entry signal. If I get another entry signal prior to being stopped out then I enter another 0.25% risk.
Timeframe of the trade is a few weeks. Time frame on entry of trade is hourly chart. Order filled premarket.