I ended up exiting the JOY (Joy Global, Inc.) stock long trade 5 minutes after the opening since it gaped down lower than where my sell stop was on Friday. I exited the trade at 63.31 with only a .10 gain on the remaining portion of my position. As you recall I exited the first portion of the trade at 80% of my first profit objective at a price of 65.17 (+1.96 profit per share). Be sure to watch the video for more details on this trade. I am still long the RHT (Red Hat, Inc.) stock trade at 53.28 with the remaining portion of my position trailing down at 55.68, locking in 2.40 points per share. Have a profitable day and I hope today’s video helps you in your own trading.
Todd Mitchell is the CEO & Founder of Trading Concepts, Inc. He's been trading since 1994 and has mentored over 12,000 traders from Wall Street to Main Street. He's an expert at developing strategies for creating more consistent daily, weekly and monthly income.
Join Over 84,750 Traders Receiving Our FREE Daily Trading Videos