Good afternoon everyone, it’s time to do a little trade management. The MGM position was stopped out this morning. If you did not have a stop loss set on the trade and have not closed the position as of now I suggest doing so as soon as possible.
The JD trade has pulled back but is still holding in its trend, however, I want to tighten up the stop loss just slightly to $35.72
The CSX trade has produced some really nice gains triggering above target 1 on the gap up yesterday and target 2 did the same thing today. I am adjusting the stop loss to $35.72. I plan to hold for the 3rd target but there would be nothing wrong with taking the current gains finishing the trade today.
Below is the link to the video. All the trade sheet updates will be posted to the website.
Have a wonderful afternoon everyone.
Doug
Click Here to View the MGM Trade Sheet
Click Here to View the JD Trade Sheet
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