Bank of America Corp (BAC)

[Gixene]

JJ8, if you don't mind me asking. Did you sell your 100% of your long position?

For me, the PPS is very close to reaching my exit target, which I decide before buying any stock that hold. I will sell 100% long postion to lock in profits and use the capital towards a new long position in a stock. If Bank of America (BAC) still looks the most attractive when doing due diligence then I could possibly renter in a new long position.

$16.91 is the target price I set before buying which is a 30% gain from my entry price of $13.01. Though I will use a trailing stop on quote of 4%. During the trailing stop on quote I will just let the position ride out until the order is triggered.

Also during the trailing stop on quote I might use Japanese Candlesticks to find an exit point if I choose.

I do this to keep myself from emotionally investing. Let's be honest with ourselves, we are all guilty of emotionally investing/trading, it's important to keep greed out of the equation.

Good luck, Gulley