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 :
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.