I went long 585 shares of CNAM @ $8.42 placing a stop loss order @ $8.00. I am risking about $265.00 including commissions on this trade. Should CNAM regain former highs around $11.00, I will make about $1,500.00 in profits i.e. 5.67 : 1 reward to risk ratio. I like going all in on trades like these because this is one set up that from my observations, since I started trading, has a very high probability of succeeding in a strong up trend and excellent risk/reward ratios. So I will always go all in on these trade set ups.
Fingers crossed.
Good luck and good trading!
Subscribe to:
Post Comments (Atom)
-
I sold my two overnight positions early in the session and went to 100% cash. $VSAT I took a flat on after being up nicely at Tuesday's ...
-
Although in some ways the PDT rule can be a curse in that it limits you from making more than 3 day trades in a rolling 5 day period. The li...
No comments:
Post a Comment