Saturday, March 10, 2018

CSCO long

DISCLAIMER: The information presented here is for educational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

I'm starting to add stock swing trades to my trade plan.  Been wanting to do this for a while as the intraday time frame in Forex is hard to keep up with while working full time.  These stock swing trades will be small size for now.

Catching up on a trade from Friday, March 9, 2018.  Entered LONG trade in CSCO:

I've been looking at this one ever since it gapped up on the earnings release.  After consolidating a few days it was able to take out the previous high point on Friday morning.

You could see from the M5 timeframe below that I entered a bit late.  I wasn't watching the market until after 7:30am (PST) that morning.  If I was not away from my PC, I could have had a better entry (likely around $45 instead of $45.17)

I'm putting stops below $42.50 and will look to trail this one and see how far it goes.

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