In today’s video I show you where I’m trailing my stop up to lock in more profits in the RHT (Red Hat, Inc.) stock trade, which by the way is doing exactly what I thought it would do. I then discuss another long stock trade (JOY = Joy Global, Inc.) that I put on yesterday afternoon at 63.21. This trade is working out very nicely too…80% of the first profit objective has already been hit at 65.17 (+1.96 point profit per share already) – and now my trailing stop has already been moved up to 63.60 locking in .39. So, regardless what JOY does from here, I come out way ahead and the trade is a winner. Be sure to watch the entire video for all the details and have a fantastic weekend!
Dear Todd,
1) I do not find it convincing to use colored charts that are correlated with the MA(20). It makes me dizzy.
2) I do use at home activation zones defined by different rainbows of OBVs and MAs. Those squeeze areas
combined with bb/Keltner squeezes are effective. What are your activation zones made of?
Happy new year
bruno nassau