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Breakout Long in BIDU

Home › Forums › Swing Trades › Breakout Long in BIDU

  • This topic has 2 replies, 1 voice, and was last updated 8 years ago by Steven Place.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • June 24, 2014 at 9:07 am #2435
    Steven Place
    Keymaster

    After the small dip and recovery this morning, I am comfortable with anticipating the breakout just a little bit.

    bidu

    Buy to open Jul 180 calls at 4.50 or lower.

    Stop 172.49

    Planned per contract risk: 212

    By anticipating the breakout I reduce my overall risk in exchange for lower odds in the trade.

    June 24, 2014 at 10:12 am #2437
    Steven Place
    Keymaster

    Sell 1/2 at 7.30 as we’ve hit 1R

    June 26, 2014 at 8:40 am #2436
    Steven Place
    Keymaster

    OUt the rest at 7.75– stock has been up 4 days in a row, into the upper BB, and just flipped red.

    bidu-1

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