Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi, I may be missing it with Shawn Trade Ideas which are put forward, but while I often see the stop loss being put in place, we don't get the target price to take profit? The most recent one for APE has a stop loss at $21.80 but no target price for Profit.
Hi Scott,
That’s a great point, and thanks for the feedback. Generally, we push the stops up to let the market take us out when the stock turns, although at times, we have simply taken profit – stops are regularly updated on the MM Site – Here.
Moving forward when the trade is first discussed, Shawn will include a target, in the case of Eagers Automotive (ASX:APE) the initial target is the $28 area.
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