Trade Review: PACS

Target Hit. Exit the Rest.

Setup
Long-Only Gap-Up Pullback Strategy

Entry
Average entry of $46.54 on July 24.

Initial Stop
$45.98

Target
First target at $47.22.

Result
PACS reached the first target. A partial position was sold at $47.47. The remaining position was closed near the session close at $46.49 and $46.68.

Average Exit
$46.68

Percentage Realized Gain
0.30%

Position Status
Closed.

Lesson
Take the partial when the target is hit. Close the rest when the trade loses momentum. A small gain is better than letting a winning trade turn into a loss.
First time testing this strategy.