Real trade example – AMP – Ameriprise Finl Inc.
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Those who know me longer time (I’m here over 16 years) know that I’m not fan of partials, but sometime trading risk will be higher and market indecision will push me to use it. Today explanation and example is one of them. We took AMP at Wednesday December 9th at $111 with stop at $111.75. That means 75 cents was risk per share. Idea was $105 – 100 areas. AMP has room what we can see on weekly chart. But market risk was higher and around $107 area we took partials. Since we had free trade at that moment I decide to leave alone rest and we closed rest at Friday on intraday selling pressure at $104.60. On results you can see 0.75% profit because of partials what we took before, but despite of that reward was really nice, it covered over six negative trades. In this case brought us in nice monthly profit at this moment.
This is real example what we used this month. I think that is great education example. If you have any questions just hit reply. I answer all questions personally and I look forward to hearing from you.
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