I sold my position in BE Aerospace (BEAV) this morning – kind of regretting it at this point as it has made a nice bounce since I sold it – but I can’t think too long and hard about it. In its place, I picked up EOG Resources (EOG) at $100.50 off of the assumption of it breaking out here in the days ahead after consolidating near its highs.
Here’s my chart analysis on EOG.
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In today's episode, I talk about tightening the risk on the trades and the benefits of taking a multi-pronged approach in doing so between profit taking and raising the stops. Also, I cover how how aggressive one should be in adding new swing trading positions and how many open positions that one should have at any given time.
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