Virtually all the stocks I’ve mentioned recently have come up trumps or are still on the verge. That’s great, but you must remember to protect your profits when they’re on offer.
You do this either by closing out some of your position when the profits are handed to you, or you apply trailing stops (remember my dynamic trailing stops), and for UK spread-betters you can use guaranteed stops just to protect what you have from a gap against you.
One such stock that did gap adversely was AXP but the damage should have been minimal, largely because with indvidual reversals you should always protect your profits by way of partial closing.
Stocks in today’s video include: AAPL, AMZN, IBM, INTC, TWTR, LNKD and CRUS in the tech sector.
BA, F, DIS, PSX, HAL and SLB are also mentioned.
