Locking Profits Early: A Two-Stage Exit on $COHR

jfsrevg
12-17 16:05

I trimmed $COHERENT(COHR)$ twice.

The first trim was at the target price of $168.12, based on an RR1:3.

The second trim was at $200.00, based on ATR% from the 50SMA. Jeff’s ATR% from the 50SMA is essential.

Even if the price falls below the 21EMA Low, this trade is already locked in as a winner. You need a trading system that consistently works in your favor.

In trading, the priorities are clear:

risk management first, market conditions second, and relative strength and chart structure third.

And my risk is defined by the 21EMA Low.

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