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.
APA triggered & profits booked, HANS removed
Open Position Notes:
No open positions – 100% cash waiting for entries to trigger.
Closed Positions:
APA triggered a short sale today at the open ($101.26) as it turned sharply lower. The stock actually gapped through my intended entry price ($104.20), but stayed within my parameters (3%) for swing gaps so it simply warranted a smaller position. Nonetheless, intraday updates were emailed out on this to adjust my stop right after the opening bell. The stock broke through Target 1 at $100 shortly after and later in the day approached Target 2 but didn’t quite get there before I adjusted my stop for remaining shares to $98. Ultimately, it allowed me to exit with an average price of $99 for a modest 2.2% gain. I didn’t intend for it to be a day trade, it just worked out that way and that’s fine in a highly emotional market like this one.
