This is a Dave's Stock correspondence that contains a new swing trade or investment idea, an adjustment to a previous idea, or new information.
You should have received an SMS text message first. This email is a follow up to that message.
Adding CYDY to the Pending Trade List.
Please visit the Chat Room to view the chart.
Have a Plan, Trade that Plan, Manage Risk and Take Profits
We never know with 100% certainty which trades will be winners or losers.
It is recommended to control your Account`s Risk exposure by using this Position Sizing formula:
Account Size x 1% , divided by Trade Risk = Position Size
I always recommend some profit be taken at the Target Levels by selling a portion of the shares, i like to sell off 25% at each T level, the remaining 25% is allowed to run until stopped out. However, some traders may choose a different ratio or they may choose to hold for the entire trade duration, it really is ones personal choice.
The Stoploss will be raised periodically, if the price moves in our favor.
BuyStop = wait until price reaches this level before entering
This content is locked
Login To Unlock The Content!
This is a Dave's Stock article. In order to access it, you must be a subscriber and logged in. To learn more click here.