FLNG Liquid Natural Gas Power Play with nice VCP setup

Liquid Natural Gas Powerplay with nice VCP setup.
Avg Cost: 28.84
Position Size: 5.5K 1.05% "Half Positioning" (500 USDs risk)
Stop: 26.15
Risk: 9.32%

Yorum:

Sold half today at 31.38

İşlem elle kapatılmış:

Many of my positions acted very poorly today and been getting stopped out. Had to sell many positions today to finance the hits the portfolio has been taking. Exited @29.90

Yorum:

One thing that I've learned about my style of trading is that when you see breakouts start to fail or squat, the market is becoming more risk off, bids will stop for stocks making new highs and your probabilities of getting stopped increase by a lot. Better to take profits and wait for a less volatile market. Even if i buy this stock later on a higher price, I prefer that price if my odds of making money are better.