GE Aerospace
Short
Updated

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

315
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
Note
$10.20 (1.19) is my second target. So risk to reward becomes ~5.5R
Trade closed: stop reached
Stopped out
Note
This is called a bad trade. Using tight stop.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.