Easy Come, Easy Go…
Sometimes profits come quickly, which is why as a daytrader, you need to stay
nimble.
11:58:43
Intraday Setup Alert
Mohawk Industries (MHK)
is breaking down from an intraday triple bottom. MHK is down 3.54 at 45.55.
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You have to keep your eyes open, and lock in profits, as the
stock drops 1 point within a few minutes.
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The stock reverses back to the entry point, so you need to trail
your stop as the stock moves in your favor. Make it a rule when a trade is
profitable in the amount that is equal to your risk, to move your stop to
breakeven at minimum. This will insure that a winning trade does not become a
loser.
Have a great weekend,
Duke