Sold 70% of my shares @ 69.67
Moving the stop to 68.69 for the remaining 30%. Target is 70.80 – 71 range (the horizontal grey line in the chart).
Why did I sell now? My risk (R) in this trade was 68 cents, or R = 0.68.
ACN went up to 2R or 1.36 , actually it was 3 cents shy (only went to 69.75), but when it started to come down I sold off.
It’s a whippy market so it’s better to just take singles instead of trying to get home runs. Getting 2 times my initial risk is a solid trade, I’ll take that anyday.
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