mdougllas

Reversal Identified on SRE - Join new uptrend

Long
NYSE:SRE   DBA Sempra
SRE clearly showing signs of reversal, moving to an uptrend. The reason for this trade is trying to join the newly formed uptrend and score a massive 6:1 Risk/Reward Ratio (RR). The 3 Long Position drawings show the exact entry, stop, and targets for this trade. I am protecting the position with a first target of 2:1 RR, reducing the total risk in 1/3. Next target is sitting at 5:1, when I will start the process of mechanically trailing the stop loss using the Daily ATR as parameter. Per my Trading Plan rules on risk management, I am trading a total of 600 shares, divided in 3 trades, giving me a total risk of $150.
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