RE: Countdown T-28 Days SMR awards16 May 2025 09:14
Dixon1,
Stops depend on the investment rationale or reason for the investment. For example, my long-term holding position in RR has no stop-loss, as any persistent yoyo effect of Mr. Market's gyrations would eventually hit any stops prematurely. However, for short-term trading and/or speculation, I aim for a Risk-to-reward ratio of at least 3-4 to 1, as shown in the sample below (-44 points). The stop loss or sick bag only comes into play if we nosedive below 762 on the current voyage..πππ888
***RECAP***
π Classic cup & handle pattern spotted!
π Price dropped to 568, and climbed back to 805 (+42%) thanks to the Tariff Tantrum.
π Pullback to 762 made the βhandle.β
π Swing entry = break above 805.
π― Trade plan:
Entry: 806
Stop loss: 762 (-44 pts)
Target 1: 982
Target 2: 1043
As always β‘οΈ AIMOO, DYOR, GLA! ππ₯