Tuesday, September 17, 2019

KHC -37%

Daily setup: Gap below flag (of big run off bottom)
Entry/play: 1 min, watch level 2, tried to preempt new day low
Management: Initially, half stop above entry area and half stop above day high. After the base developed more, I moved the whole position stop down to above the base.
Psychology: Ok. I thought it was a good enough play (of course, after the fact, even though the gap down below flag was valid, the run up had been very strong). Took smaller size. Ate it.


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