Sold 1,000 BIDU @ $271, profit $4,490
The slow activity doesn’t give me much hope and since I’m not able to put a stop at $2.00 above my entry price because it would get taken out too quickly, I’m going to just sell with the profit I can get and be satisfied that I didn’t lose money on this slow move. Is there more room for profit on this trade… Ya, probably.
I’m not seeing a lot of hope for this trade though. I’m not going to be making $10k on this action, so I will show that I’m satisfied with any gains instead of only monstrous (for me) gains.
Sold 1,000 BIDU @ $271.01
BIDU = 1,00 shares x ($271.01 - $266.50 = $4.51) = $4,510
$4,510 minus $20.00 (trading fees) = $4,490

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