ARD - another update

The reason I sold ½ of ARD earlier today was because the chart was starting to say that it was too extended (means it had advanced too quickly and was due for profit taking). So we sold half earlier and then set a stop loss (in this case the stop loss was not to limit a loss but rather to protect our profits).

Just as the chart signaled ARD started dropping on people taking profits. Our stop loss of $56.50 triggered and we locked in the remainder of our money on this trade at a little over 15%.

See how this works…