Trade Detail

arbitraryinvestor's SBUX Trade -24.30

Trade Details

Published: July 26, 2021, 4:07 p.m.

Status: CLOSED

Portfolio(s)

Broker: TD Ameritrade

Asset: Stock

Symbol: SBUX - View rating

Type: Long

Pattern(s): B+, Support Line Bounce,

Featured Image / Proof

Image of TradeJournal User: arbitraryinvestor, Symbol: SBUX, Status: Closed trade

Stats

Entry CPU	Exit CPU	Fees	Max Amount	Max Cost	P&L %	P&L $	P&L With Fees
233.0	210.0	1.3	1.0	233.0	-9.87%	-23.00	-24.30

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Notes

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.