GE Short Setup - 1:4 Risk to Reward / RISKY

GE daily chart shows weakness. I am expecting a pullback to $10.50. I can buy some puts for this. However there's no reversal signal yet. If I wait for a confirmation, the risk to reward will be less. I have decided to buy the risk.

GE SHORT TRADE SETUP

Entry: 11.39
Stop-Loss: 11.60 (0.21)
Take-Profit: 10.56 (0.83)
Risk to reward: 1:3.95
Winning probability: Less than 40%

NOTE: I am not very comfortable with the stop-loss. During the trade, i can move it up to 1:2 Risk to reward. That's why I'm not going to risk more than 1% of my account.

Disclaimer: This is not an investment or financial advice. Please do not copy my trades.

Remember to follow me.

Trade safe,

Atilla Yurtseven

Kommentera:

$10.20 (1.19) is my second target. So risk to reward becomes ~5.5R

Trade stängt: Stopp nått:

Stopped out

Kommentera:

This is called a bad trade. Using tight stop.