Playing Trading Simulator Game:
Short term movement is in positive direction.
5SMA - 20SMA looked good.
Bought 1000 shares at $66.77 on 2JAN18.
I wanted to keep my gains so I ordered a trailing stop of 25 cents on 3JAN18.
The order executed at $67.61 giving me a profit of $840 minus fees.
It was probably a risky entry point.
Next time I'll wait until price is just above the lower trend line, heading up.
Short term movement is in positive direction.
5SMA - 20SMA looked good.
Bought 1000 shares at $66.77 on 2JAN18.
I wanted to keep my gains so I ordered a trailing stop of 25 cents on 3JAN18.
The order executed at $67.61 giving me a profit of $840 minus fees.
It was probably a risky entry point.
Next time I'll wait until price is just above the lower trend line, heading up.