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Stock:MCHP
Entry Bar: 2
Time Frame: 5 minute chart
Entry Green Line: 25.46 short
Stop Red Line: 26.12
Result: small loss to even
Setup Grade: B+
Notes: Small loss to break even depending on how you place and trail your stop. This is a great example of trade management of a setup that looks great after 5 minutes and then just stalls. Not every trade is a winner, keep the losses small and the winners will come.
Time Frame: 5 minute chart
Entry Green Line: 25.46 short
Stop Red Line: 26.12
Result: small loss to even
Setup Grade: B+
Notes: Small loss to break even depending on how you place and trail your stop. This is a great example of trade management of a setup that looks great after 5 minutes and then just stalls. Not every trade is a winner, keep the losses small and the winners will come.
* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.
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