On April 1st, we mapped out a long entry into IBB. The way its been trading, if you trailed properly, you could still be in it.
Now, there's nothing wrong with taking profit into strength in a great 3 day trade. If you have longer term plans for this guy though, hold on and continue the trail!
The risk in this trade was around $5, it gave us a great 3 day trade good for up to around $25 points, currently up around $30 from our entry today!
The risk with 100 shares was around $500 if the trade failed, after 3 days and +$25 that would be a $2,500 profit in 3 days or around $3,000 if you are still long!
Risk reward 5+:1
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