Yesterday I decided to manage the AAPL stock trade using a 5 minute chart since there was such a nice rally on Monday and good follow through to the upside on Tuesday right out of the gate. The average price on this long trade was 509.77 and there was no way I was going to give back all that profit, so I decided to use a trailing stop on a 5 minute chart. The trade was finally stopped out with a profit at a price of 528.75…UP 18.98 points. Be sure to watch the video to get all the details on this trade. Have a profitable day and I hope this 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.
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