GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too.
Good luck,
Ivan Labrie.
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Good progress.
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Sold at the money calls, 16 Dec expiry, 34 strike for an extra 0.55 premium per call.
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Bam! I had closed the covered call and long stock, and reentered recently as per my 'retracement soon' chart. See related ideas. Trailed stop to 35.6 and added around 35.80
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Closed at 36.38, I'll reenter on dips.
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Reentered. Not afraid to pay up, during an uptrend. Booking on rallies, buying dips is easy.
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Very good.
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All targets hit, still good to hold, I'll add and trail stops higher.