Trade Review: $ENVX 25%ish gain

2021年12月13日

Here's another one that I recently traded. Wasn't able to maximize profits on it but going to use this experience to improve my strategy further

ENVX is the name of the trade.

The marked area is where I entered the stock, $24.50 back in October 25, 2021, when volatility died down.

Initially, was using the 10 day EMA as my trail profit with a target selling of $40 - $50. Where did I get my target? Just something I made up. Should have done a more conservative approach to setting targets which I will mention in a few.

From there, I moved up my trail profit to the 5 day EMA when the gap up happened, Nov 9, 2021, thinking that the gap should have held if it's actually strong. Well, it wasn't able to hold up and I got stopped out at $30.20

Zooming out of the chart, the better profit target strategy was using the range of the cup ($8) and applying that range on top of the entry point ($24.50) which will give you 32.50ish

Everything's hindsight anyway but will apply this learning to my strategy down the line

Hope you learned a thing or two.

Thanks and good luck out there!