How to exit a swing trade
September 29, 2009
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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