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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.

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Adding TEVA to the Pending Trade List…

I cannot stress enough, the importance of Risk Management.

Keep the losses small and let the winners run! Here is my approach to accomplish this goal:

Trading is Risky ! We never know for sure which Trade Ideas will be profitable or get stopped out. I recommend not risking more than 1-2% of the trading account on any trade. Risk is the $ difference between the Buy-in and the Stoploss.

The target areas are profit taking opportunities, where a trader can sell 1/3rd of his position at T1 & T2. The remaining 1/3rd is allowed to run with a manually adjusted trailing stop.

 

 

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