WM set up Thursday when it traded below 38.29 @ 38.23 (due to gap up). It traded as low as 38.18 not yet reaching our first target.
Date
Stock
Position
Entry
Current
Stop
Max P/L
08-28
WM
Short
38.23
38.98
closed
breakeven
Traders holding overnight into Friday were advised to keep your stops just above 38.65 to reduce risk and the stock traded as low as 37.70 reaching our fist target of 37.87 to 37.75 (always cover at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) before hitting our stop closing the trade breakeven.
