Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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13:38 |
I’ve exited the last of my WMT shares at 135, as I stated I would in a post last Friday. I had recommended entry at 128.18 on May 11, and although a subsequent dip that day might have tested one’s nerves, the stop held and WMT was off and bounding thereafter. It spiked to 133.95 on Friday, but I was unprepared for this and watched ithe stock settle back to 130.79 as the market sold off. I stuck with it, and three days of solid gains took me out this morning. This trade was intended for traders of all abilities, including novices. Using margin, an account with just $8k in it could have produced a profit on 200 shares of more than $1300 in just nine days. |