Saturday, May 14, 2011

MSB trade

MSB turned out to be a big winner. I had a profit exit in April 2011 and exited at an average price of $8.97. Purchase price average $1.41, giving a gain of 537% over 17 months. It was nice to sell into a rising price on MSB.

I also had a couple of small losers, CFE (-18%)  and RED (-25%) but fortunately the MSB gains made these losses insignificant.

I didn't get any buy signals at the end of April, only sells.

stevo
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2 comments:

NT said...

Hi Stevo,

Glad to read a post from you after a while without any news :-)
It's always interesting.
I understand pretty much the entry signal but I don't get the profit exit. Could you please explain a little bit about it. What makes me wonder is why the profit exit didn't triggered before on such a trade?
Great trade by the way!
Cheers.

Nicolas

7:42 PM
stevo said...

The profit exit is really basic. The stock has to close above a certain percentage before I exit. You can try low percentages and get more trades or higher percentages that only trigger very occasionally. It's nothing really magic.

11:34 PM

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