Trade on ULTA

Using techniques learned at the Freedom Traders Intensive in LA from Courtney Smith, I start a trade on ULTA.  For additional details, visit the Stock Trading page on my web site at http://www.superjackdoyle.com/.

Another 55 day high breakout with blue ADX and a three day swing high coming on next day.  Buy with a risk limit of $500 using 20 day low and 55 day high means 36 additional shares for a buy of $2.249.61.  Using 55 day high and 55 day breakout bar low and risk limit of $1000 would mean buying 278 additional shares for a total of $17,344.42 which is more than I want to risk at this time.  Its also more cash than available.  Also, try buying with a stop limit instead of stop loss.  With stop limit, you are assured of yoiur exact price if trade executes.  With stop loss, you are assured of buying at the current market price which may be more or less than your buy stop loss price.