From my write-up this morning:
This week, this has been down, but that might be all the more reason to get into it. It’s been pushing up all year, and on the daily chart, with price pulling back, it looks like energy is building. And, with it on a retest right now, I might be able to get in at a much better price. I think I like this one a lot, we’ll see how the rest of them look
Trade Triggered 11/14 – Updating 12/8
Entry – $50.06
This ended up triggering the Monday before Thanksgiving, and largely pushed down from there for the next few hours, but never triggered my exit. The next day, price pushed up again, and was in profit. Unfortunately, A) I don’t exactly remember how or when I managed this trade and B) I didn’t use a target, so I didn’t calculate 1R.. I was going to simply follow the SAR each day, so I can’t calculate when anything happened.
Exit – $49.91
What I do know, though, is that I was able to move my stop to break-even, and a couple of days later, priceĀ pulled back enough to stop me out at roughly break even — a small loss, actually, because of slippage.
This was only the second into my new foray into swing trading stocks, and I don’t think it went terribly. It had a nice up move from my entry, and at one point I was in a decent amount of profit — but profit doesn’t exist until it’s realized. I’m getting there, with my directionality and timing. Continue to work, and learn (yourself, mostly)!