We have a potentially very good trade here. The recent outperformance of HYG (and the crude oil rally) have boosted the stock market but I still think it's possible to see another sharp decline.
The market is under Mario Draghi's and China's sweet talk influence right now, as I see it. I'm out of equity longs for the time being, and positioned in a more risk averse manner. I still think the bottom is near, and won't hesitate in going long certain equities once I see a valid setup, as we have been doing with my group for a while.
Cheers,
Ivan Labrie.
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Holding this one as insurance.
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Trailing the stop up to the entry is a wise thing to do.
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Excellent progress. I'd reccomend taking partial profits and moving stop to entry price.
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Was a wise move, now with reduced risk free position, we can trade around it.
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New weekly high, very nice. Hold position.
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At this pace we'll hit my target very soon. Move stops to protect profits: 126.67 Add to winner as follows, long 1/2 at:
127.85 and 127.26 Stop: 126.67 Target: 129.04
Keep main position until we hit the target above.
Operación cerrada manualmente
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Exit and cancel pending orders for now.
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Great rally so far, We might be able to reenter soon, but I'd wait for a safe setup.
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Almost at the target.
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I reccomend closing longs or trailing stops closely.
I don't do such detailed management and trade reccomendations often here, but I have done it a few times for TLT...it always works well for me somehow.
Hope someone took it.