How to exit a swing trade | stockbee

9/29/2009

How to exit a swing trade

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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