GM is a great long term long, and good beta exposure for your portfolio. Earnings yield is terrific, the weekly setup presents a long term uptrend in place, and it's at a good location to enter longs now. Again, size it to fit your risk criteria, but like the rest, 2% is fine. You can buy it gradually over a couple days too.
Good luck,
Ivan Labrie.
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Good progress.
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Sold at the money calls, 16 Dec expiry, 34 strike for an extra 0.55 premium per call.
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Bam! I had closed the covered call and long stock, and reentered recently as per my 'retracement soon' chart. See related ideas. Trailed stop to 35.6 and added around 35.80
Trade closed manually
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Closed at 36.38, I'll reenter on dips.
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Reentered. Not afraid to pay up, during an uptrend. Booking on rallies, buying dips is easy.
Trade active
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Very good.
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All targets hit, still good to hold, I'll add and trail stops higher.