Thursday, August 11, 2011

CREE Profits in the bank on a nice daytrade

Banked 3x risk on CREE with a tight stop. move stop to breakeven at 36.11 sold 3/4ths of my position in the high 30 cent area. On these type of breakout plays I like to use tight entries to maximize returns. You have to let your winners run and worst case scenario the rest of the trade takes you out breakeven. Close the position near the end of day if our 5 min trail doesn't take us out.

There's a reason why I watched CREE all day to get the trigger and why the breakout was successful. Learn the techniques at


Take profits on rest of position in CREE in the $46.90 - $47 areas stop now $46.31

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