TRADING TIPS

Move Your Stop Up

Hubert Senters here. In yesterday’s video we were talking about the prospect of potentially going long a little JNJ and if you did that obviously you made a little bit of money today. I would highly recommend that you move your stop-loss up so the initial stop-loss that we were talking about yesterday was $120.99. I would bounce that up to the low of yesterday if you’re worth if you think you can handle that risk from where you got in today. And if you don’t like a little risk out of the even trail it up even more aggressively and say right here to today’s low so you got two options. You need or leave it at the original stop- loss of $121.07. Yesterday’s low of $121.99 or today’s low of $123.13. You make the call. It’s your money. You have to decide how much you’re willing to risk and how long you’re going to try to hold this for. First potential target would be around $133.19-ish. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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