Sold short 25.50. Stop loss upper horizontal line 25.80 risking 30 cents to gain 80 cents, which is pretty possible considering the daily over-extension and the "walk on the glass floor"
Planning on how to lose and how much to lose is the number one thing when trading, IMO. My plan here is to stop out and take a minimal lose if breaks NHOD. Then if comes back down below my original entry point 25.50 I may re-enter. It is well overextended on daily so I do not expect to have too much choppiness if it turns back to the original short entry price of 25.50
The original stop is no more my risk tolerance. Now the risk is much tighter. The idea is to lose as least as possible or break even till I nail the winners that will pay off for all the small losses, commissions and slippage.
locking some gains and paying yourself is never a bad idea although it may be all day fade.
JMEI EOD
By having predetermined risk , it was easy to get out at br even on the rest of the position, and still keep some gains
CSIQ
Risk was 25 cents and first target 50 cents but took only 35 cents. This was not 100% by the rule , but weaknes was kinda obvious at brake of the trend line after being so overextended for couple of days
CSIQ short 39.70 risk was 39.95 cover 39.35
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