Posted by: eminitrader April 19, 2007
Making Money with Eminitrader
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There were some news about JDO today, not really positive. The news generated a little sell-off but not much. Move your stop to $2.20. If it goes below $2.20 take your loss. For example: If you bought 100 shares at $2.60 with a stop at $1.40, you were risking $120. Now you need to move your stop to $2.20, so that your maximum loss is $40. If you can handle your original risk, double down with a stop below $2.20. This way if it goes up, you'll make twice as much and if you lose, you'll lose less than your original risk money. We are not sure how this market will react to the news tomorrow so be cautious.
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