2020.12.14 Stock Watchlist Followup
2020.12.14 Stock Watchlist Followup
Let’s take a look at how the three stocks in the Swing Trade watchlist performed.
You can find the original publication here:
I track the status of the position, the percent gained/lost, the R-multiple and how many days the trade was/is open.
For those of you unfamiliar with R-multiples, please read below:
The R-multiple is the amount of risk in dollar value that I am willing to take on a trade.
This is calculated as a percentage of my trading capital and used to calculate my position size.
This strategy results in small trades, however, our risk is managed.
My goals are to keep my R-multiple on losses to less than 1R.
For wins, we want to have as high of R-multiple as possible.
BDTX : NASDAQ
CLOSED -10.14% -1R 4 days
Price broke above our entry, however, it quickly retraced and my stop was hit for a loss.
Price has now recovered, however, I am satisfied with the trade as we stuck with the trade plan and kept our loss to a 1R.
I will keep an eye on this one it looks like we were early on this one.
AAPL : NASDAQ
OPEN +10.16% 1.52R 23 days
AAPL has worked out well as we are up 10% or 1.5R to date.
I raised my stop to ensure profits and to prevent this one from turning into a loser.
SDC : NASDAQ
OPEN 12.8% +1.69R 9 days
I raised my stop to ensure profits.
Life is Good.
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