arbitraryinvestor's SBUX Trade $-24.30
Trade Details
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| 233.00 | 210.00 | $1.30 | 1.0 | $233.00 | -9.87% | $-24.30 |
Transactions
2 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Jul 26, 2021 07:00:11 | Entry | 1.0 | $233.00 | $0.65 | $0.00 |
| Jul 26, 2021 07:28:14 | Exit | 1.0 | $210.00 | $0.65 | $0.00 |
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I saw SBUX as a stock that had a lot of potential after the massive momentum that it has had recently. Just today, there were news articles discussing new PTs set by huge "whales" (namely Stifel, Baird, Wells Fargo).
I took a trade on SBUX on the recent swing low. This level was recently tested a couple of times. High probability set-up but my stop-loss got me out "early".
Risking $20-30 to make $30-45 (1:1.5).
Lessons Learned:
Let the stop loss be somewhat "fluid". Sharks/Whales might try to get "stop-hunt" so be careful and plan accordingly.
Try to get in "at" the support or at the end of the 5 minute candle to form around support.
Things I Did Well:
Had a tight stop loss.
Made sure to stick with it.