The Watch List has had an awesome
week, but
don't get
complacent, take profits along the way.
Our job as traders is to pull money out of the
market. Over the weekend I'm going to go through it and
make additional comments regarding stops etc and clean it
up.
Matt: I made 17% on SNDK then tightened up my stop loss to
a 2% trailing stop and am QUITE happy to have been stopped out
today. Nothing wrong with getting ahead and taking profits
after a good gain. I will often do a 2% trailing stop after a
15% gain and it seems to work well on some of your watchlist stocks
too.
I am not sure what is going on with YGE but it has some
good potential if this sentate passes on the SOLAR tax relief
bill so I am hanging on to YGE and the daily RENKO is still on
a buy signal. (helped me hang on over the last 2 days)
Earnings were good so I am not sure why it dropped other than
it may just be taking a rest.
I am also holding SOLF and CSIQ and both of these are up over
30% in the last week since I bought them. I do feel that
SOLAR's will continue to take off if this bill passes. I am not yet
ready to do a trailing stop on these. (but will watch your wording
above the YGE chart next time you post)
THANKS, FinaM
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Watch List
Posted by matt on 16th of May 2008 at 04:41 pm
The Watch List has had an awesome week, but don't get complacent, take profits along the way. Our job as traders is to pull money out of the market. Over the weekend I'm going to go through it and make additional comments regarding stops etc and clean it up.
Stop Loss
Posted by finam on 16th of May 2008 at 05:35 pm
Matt: I made 17% on SNDK then tightened up my stop loss to a 2% trailing stop and am QUITE happy to have been stopped out today. Nothing wrong with getting ahead and taking profits after a good gain. I will often do a 2% trailing stop after a 15% gain and it seems to work well on some of your watchlist stocks too.
I am not sure what is going on with YGE but it has some good potential if this sentate passes on the SOLAR tax relief bill so I am hanging on to YGE and the daily RENKO is still on a buy signal. (helped me hang on over the last 2 days) Earnings were good so I am not sure why it dropped other than it may just be taking a rest.
I am also holding SOLF and CSIQ and both of these are up over 30% in the last week since I bought them. I do feel that SOLAR's will continue to take off if this bill passes. I am not yet ready to do a trailing stop on these. (but will watch your wording above the YGE chart next time you post)
THANKS, FinaM