We bought WX and ICO today.
| Current Holdings | ||||||
|---|---|---|---|---|---|---|
| Ticker | Basis | Closing Price |
Perf. | Sell-Stop | Addl Exit Guideline | Chart |
| TWM | 27.58 | 31.23 | +13.2% | 26.99 | Alternate sell-stop: 31.15 | Chart |
| DUG | 12.33 | 13.14 | +6.6% | 12.99 | N/A | Chart |
| SDS | 38.78 | 40.63 | +4.8% | 39.99 | N/A | Chart |
| QID | 22.51 | 23.82 | +5.8% | 23.45 | N/A | Chart |
| CEF | 13.46 | 14.02 | +4.2% | 13.49 | N/A | Chart |
| WX | 13.34 | 13.45 | +0.8% | 12.66 | N/A | Chart |
| ICO | 4.36 | 4.46 | +2.3% | 3.99 | N/A | Chart |
We now have a few long positions in case the market moves up from here. So far the move up from yesterday's low has been choppy, but this can change post-Fed announcement. The real risk is if the market should move down from here, and thus tomorrow's idea is a short.
| Ticker | Entry | Exit A | Exit C | Chart |
|---|---|---|---|---|
| DXD (Ultrashort Dow 30) | 34.91 | 34.11 | N/A | Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
2 comments:
Why do you keep your sell-stop on TWM so low. Is it because its a short and is being used to hedge against the rest of your positions? I don't think that can be correct though because a number of your positions are short.
You can use the alternate sell-stop.
We're going to see if TWM can be held as trending, (see prior posts)
Targeting the end of the long-term downtrend that may or may not have begun.
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