The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
RCL stopped, EMR removed (pattern negated without triggering)
Open Position Notes:
No open positions – 100% cash waiting on new entries to trigger.
Closed Positions:
RCL triggered a buy yesterday as it gapped through my intended entry and then finished shy of its best levels of the day. The stock showed some hesitation, so in addition to the chased entry, I adjusted my stop last night in order to reduce risk in the trade. I wish I hadn’t, as the stock pulled back today, stopped me out for a small 1.4% loss, then ultimately traded higher without ever hitting my initial stop. Those kinds of moves are frustrating, but they happen sometimes in an effort to manage risk better. So for now I’m out with a small loss, and will keep it on the radar in case it bases out and sets up another technical entry.
