You're welcome Glenn. My target on ANDE is $30.00 which I forgot to mention in last night's blog post. But that won't happen today. I'm also long HANS just above $31.00 and hoping to get to $32.00 - 32.25.
Hey Glenn, I sometimes put targets based on support and resistance levels in my watch lists but I've been reading so many negative posts about watch lists, that I decided to post "Technical Trade Ideas" instead. I intentionately left it loose. I prefer a detailed watch list because I use the watch list as my trading plan. If the plan doesn't take off for whatever reason, I try to find some interesting gapper setups to trade instead.
But to answer your question, I think its never a bad idea to take a profit. 1 pt. is not easy to get in markets like this one. As you know, I like to lock in 50% of my profit as soon as possible. That way if I get stopped out on the balance, I don't feel so bad.
Click on charts to enlarge.
2 comments:
You're welcome Glenn. My target on ANDE is $30.00 which I forgot to mention in last night's blog post. But that won't happen today. I'm also long HANS just above $31.00 and hoping to get to $32.00 - 32.25.
Good trading!
Hey Glenn, I sometimes put targets based on support and resistance levels in my watch lists but I've been reading so many negative posts about watch lists, that I decided to post "Technical Trade Ideas" instead. I intentionately left it loose. I prefer a detailed watch list because I use the watch list as my trading plan. If the plan doesn't take off for whatever reason, I try to find some interesting gapper setups to trade instead.
But to answer your question, I think its never a bad idea to take a profit. 1 pt. is not easy to get in markets like this one. As you know, I like to lock in 50% of my profit as soon as possible. That way if I get stopped out on the balance, I don't feel so bad.
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