arbitraryinvestor's SBUX Trade $-24.30

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Trade Details
Published: Jul 26, 2021
Status: Closed
Broker: TD Ameritrade
Asset: Stock
Symbol: SBUX
Type: Long
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
233.00 210.00 $1.30 1.0 $233.00 -9.87% $-24.30
Transactions
2 entries
Date Side Amount Price Commission Reg Fee
Jul 26, 2021 07:00:11 Entry 1.0 $233.00 $0.65 $0.00
Jul 26, 2021 07:28:14 Exit 1.0 $210.00 $0.65 $0.00
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Notes

I saw SBUX as a stock that had a lot of potential after the massive momentum that it has had recently. Just today, there were news articles discussing new PTs set by huge "whales" (namely Stifel, Baird, Wells Fargo). 

 

I took a trade on SBUX on the recent swing low. This level was recently tested a couple of times. High probability set-up but my stop-loss got me out "early". 

Risking $20-30 to make $30-45 (1:1.5).

 

Lessons Learned:

Let the stop loss be somewhat "fluid". Sharks/Whales might try to get "stop-hunt" so be careful and plan accordingly.

Try to get in "at" the support or at the end of the 5 minute candle to form around support.

 

Things I Did Well:

Had a tight stop loss.

Made sure to stick with it.

 




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