Category: exit
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Great Advice on Taking Partial Exits
MSTR is a good example of the “Partial Profit” or “Let it Ride” exit strategy. I entered the breakout-pullback setup at $84, with a target under the old high a limit order set at $89.85 (I always set the target a little below the round number). From there I move…
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STEC Short Entry: Time to Take Profits?
Is it time to take profits in the STEC short? Entry was made back on September 24th at $30.75., so we are looking at a 15-20 percent gain. My general approach to exits is to set a target based on support/resistance levels and take a partial profit at that level.…
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Managing the Trade: Partial Profits in BEXP
In my last posts I talked about trade management. Today’s trade is an example of how I manage a swing trade in a momentum stock. I took a 500 share position in BEXP on Monday at $15.50. My intitial target was set at $17.50. I exited half my position at…
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Trade: UA
I sold 400 shares of UA at $69.10 (entry at $63.65) for a $2180 gain (+8.56%). Considering the stock closed at $66.68, I can understand if someone reading this rolls their eyes at what looks to be perfect timing for exit. Please note that I left a comment regarding the…
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Today’s Trades and Analysis: GMRK and DXPE
I sold 400 shares of GMRK at $53.85 (entry at $49.76) for a $1636 gain (+8.2%). I sold 500 shares of DXPE at $52.35 (entry at $47.40) for a $2475 gain (+10.4%). Self Analysis: These trades are good examples of how I have grown as a trader. Last year, I…
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Trade Review: HOC
Before posting my review of the HOC trade, I’d like to answer a question posed to me after the latest “today’s trades” post. The question: You seem to hold on to positions for only a few days even though it may seem as though the position could move higher. why…