TXN Short due to trade uncertainty

Semiconductors are crucial to the development of tech consumer goods. The trade tariffs are predicted to contribute to in increasing prices of tech devices for US consumers. This will lead to lower consumer spending.

Txn has broken 200 MA with new lows that is tied to above average trade volume vs the 30 day vol avg.

20% Account Risk
30% Margin used
3 Batches of trade entries if prices moves our direction - 300 Units each.
Initial risk is 2.8K (6.5% Account Risk)

Note

Trade is going my direction with the agenda that made me enter the trade still being valid. Entering batch 2 with SL at 50% of Batch 1 to maintain the same risk value

Trade closed manually

Closed at a loss as the agenda changed.
1) Trade wars sentiment has changed
2) Price has broken back above the 200MA

For future trades, if the price moves too fast like the candle the day after. I need to close immediately.

Ronin_trader

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Ronin_trader