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We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of investors... More
My company:
Global Chart Analysis
My blog:
Better Stock Entries
  • Stocks To Take Profits On-Here Are Our Trade Returns 0 comments
    Apr 16, 2010 12:49 AM | about stocks: GLD, AKAM, WBMD, CACC, ACF, VRX, JAS, BUCY, CTSH, FFIV, VLTR, CREE, HMSY, PB, PVH, HRBN, JOY, CSGS, WDC, JAH, ETP, PCLN, VNR, WIT, SBUX, BZ, CTRP, GRA, SHOO, MTW, CHS, TIF, MGM, ASNA, CMPR, PEGA, CORE, ACN, TMO, PCXCQ, F, ININ, CPSI

    Today we locked in some more great profits.  Before the market closed we sent out an email regarding the intraday market action and not only was the market stretched but it was starting to act toppy.
    We suggested selling half of our open positions to take some profits. Looks like that was a good idea since we are seeing some heavy selling in the aftermarket.
    Google beat estimates but so far it’s trading down 30 points in the aftermarket.
    AMD is also beat estimates but it too is trading down around 5%.
    May have been a perfect time for us to take profits but let’s hope it is nothing more than an ordinary pullback. If so we should have some nice setups in the next few days
    Here is a rundown of the locked in profits from today’s sells

    We encourage taking profits along the way and preferably on the way up and not on the way down.  In some cases you may have already taken profits at higher or lower levels which may leave you with only a 1/4 position left.

    We do give guidance on when we think it is a good time to lock in some profits or losses based on our screen criteria and market timing indicators.  It is however up to our readers to actively manage their portfolios based on their own risk tolerance.  Our objective is to give our readers stock setups that can make large moves and guidance based on our favorite trade management techniques.  Hopefully some of our readers can find a way to even outperform us.  If you have a favorite trade management and don't mind sharing it with us please drop me an email at brettm@betterstockentries.com.  Give us what rules you use and how you implement it and we will write an article giving you credit for the strategy.

    NEW SETUPS

    In light of the poor earnings reaction we will not have any new setups for Friday

    We will continue to manage our remaining open positions and will do some post trade analysis on where we got in and out and why.

    To receive our intraday stock setups and trade management click here for the INTRADAY UPGRADE

    If you aren't a member yet of our Nightly or our Intraday Services what are you waiting for?

    Try our service for 7 days . TRY NOW

    Thanks,

    Brett Marsh

    betterstockentries.com

    globalchartanalysis.com

     

    Disclosure: No Positions
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  • NVDA is still running and up 36% from our Oct 13 entry point. Could hit $18 area but will most likely take a breather there
    Dec 7, 2010
  • Liking our DIN setup from this morning. Will look to lock in a quick 2 points on 1/2 positions and move our stops to breakeven to let it run
    Dec 7, 2010
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