CECE follow up

    Posted by matt on 12th of Mar 2018 at 09:51 am

    CECE - Chart Link - new one from the weekend, trigger was the open, initial stop can be 50% of Friday's candle range and moved up quickly, initial target around 5.25

    Update: CECE follow up

    Posted by matt on 12th of Mar 2018 at 01:33 pm

    CECE - Chart Link - if CECE closes with a solid candle today like it shows currently one could move stops up to 50% of today's candle range for a stop that's in the money

    what a nice trade.

    Posted by morton7 on 12th of Mar 2018 at 01:57 pm

    what a nice trade.

    most definitely, I really like

    Posted by matt on 12th of Mar 2018 at 02:12 pm

    most definitely, I really like this one with the double bottom and big vol on Friday

    rule of thumb guys for me is, if a new trade is over 10% in one day, I'm always selling at least 1/2 to lock in gains and stops get adjusted up, 

    Thanks I just used that

    Posted by rojoch on 12th of Mar 2018 at 04:26 pm

    Thanks I just used that 10% in one day tip to book 15% gain in MU since buying it a week ago.  Normally I would've held on and risked doing a round-trip.  Thanks again!

    .../john

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!