VFC PEET RAX
Thanks
M
Posted 08 February 2012 - 01:32 PM
VFC PEET RAX
Posted 08 February 2012 - 03:52 PM
VFC PEET RAX
Thanks
M
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Posted 08 February 2012 - 04:45 PM
Posted 08 February 2012 - 05:11 PM
Why buy them and buy them now?
- These are solid companies fundamentally
- Uptrending on weeklies
- Had recent pullback and/or consolidation and have resumed up trends after that
- Forming or completing a cup and handle pattern
You may wait for PEET and RAX to pullback - but VFC is a good entry I believe. If I were to buy them today - I will just go in with a 8-10% stop. I generally take profits at 25% gain.
My SELL signals are on broader market not individual stocks. So as long as the uptrend continues - I will hold them (unless they hit my exit of -8% or +25%)
Timeframe - it all depends on my signals. I can hold on for weeks if no SELL signal or EXIT signal is triggered. Definitely for swing traders not day trading.
Hope that answers the questions
M
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."