A reader of the blog emailed to ask how did the CBAK trade go.
CBAK: China Bak Battery Inc
When swing trading, I operate on profit targets and exit a position in 4 parts.
So here is how this trade went :
Symbol: | |
Entry price: | |
Entry date: | |
exit1 | |
exit1 Date | |
exit2 | |
exit2 Date | |
exit3 | |
exit3 Date | |
exit4 | |
exit4 Date |
The first exit was at 8% profit. Second exit was at approximately 14% profit. Third exit was at approximately 15% profit and fourth exit was at approximately 22% profit. Overall the trade gave 14.75% profit for 3 day hold.
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