By ActiveTradingPartners.com
At our ATP trading service, we look for entries on pullbacks in strong stocks. We also look for the opportune times to sell and take our profits out of the market, which is what the purpose of swing trading is after all.
With AMBA, we alerted our traders to buy only from 16.50-17.10 ranges on July 8th. Over the next 48 hours the stock dipped right into those exact ranges, bottomed at 16.50, and then shot higher.
On July 18th we sent an alert to sell 1/2 the position at $19.24 per share for 13-16% gains depending on entry point.
We held 1/2 long in case it broke higher, but 6 days later on July 24th we alerted to liquidate the remainder at 18.60 ranges for 9-10% gains on the back 1/2 of the position.
Our net gains were in the 12-13% total return ranges on this swing.
We can now see on July 29th, just 5 days after our last sell alert that the stock broke down and dropped into the mid 17′s…once again affirming our sell timing was spot on to lock in the gains.
Join us for Position Trading where we hold anywhere from days to multiple weeks depending on various positions. We update them every day and provide entry and exit points and real time Text and Email alerts (Stocks and ETF’s)