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Considering the stock has been up ten days in a row, and I am up roughly 10% on the position, I took profits in the remainder of my $CRM position. Keep in mind, as I noted yesterday, that I am not letting my winners run in this type of market. I am going to need further evidence that we are in a trending market, in order for me to return to my strategy of letting the winners run.
As a result, despite banking a nice profit in $APKT, I am watching it run higher today without me in. Sure, I wish I was still in the name, but the general risk/reward profile of the market at this point in time still does not favor getting aggressive.
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TOTAL PORTFOLIO:
EQUITIES: 20%
- LONG: 20% ($NR $NTAP $LULU $THOR)
CASH: 80%
Do you use tight stop loss for your remaining long positions? Thanks.
7-8% trailing stop loss in general.
Thank you.