GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Note
Good progress.Note
Sold at the money calls, 16 Dec expiry, 34 strike for an extra 0.55 premium per call.Note
Bam! I had closed the covered call and long stock, and reentered recently as per my 'retracement soon' chart. See related ideas. Trailed stop to 35.6 and added around 35.80Trade closed manually
Closed at 36.38, I'll reenter on dips.Note
Reentered. Not afraid to pay up, during an uptrend. Booking on rallies, buying dips is easy.
Trade active
Note
Very good.Note
All targets hit, still good to hold, I'll add and trail stops higher.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.