Colfax Monster breakout

I had bought some Colfax (CFX) shares last year and it is time to sell a few today after the monster move yesterday. Taking some profits allows me to have cash on hand to either re-enter at a better price or to capture other opportunities. I will keep 70% of my position with the weekly ATR trailing stop.

CFX Daily Chart

CFX Daily Chart

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
This entry was posted in Risk Management, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal. Bookmark the permalink.

Leave a Reply

Your email address will not be published.