Thursday, August 22, 2019

JWN calls 48%

Daily setup: gap up, earnings. Gap off base at 5+ yr lows. Lots of overhead levels
Entry/play: premkt flat. 1st bar sell, then tall green volume came in. Maybe jumped in early to this.
Management: initial stop below day low. Quickly moved up to below entry bar. Tightened 1 when it stalled. Tightened 2 when it stalled again. Last 2 off on ultimate trailed stop.
Psychology: Great. Beautiful. I love how I traded this. I love how it paid. 


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