My first and only long stock trade of the year $TSN. One of the only Very Bullish stocks in an actual uptrend, meeting all my rules (price above a rising long-term Chaikin trend with strong Money Flow, Relative Strength and Power Gauge). We entered shortly after an Oversold Buy signal on January 6th
BOT +100 TSN @52.61
BOT +100 TSN @52.61
Mistake 1 - Ooops. Didn't buy a full position. Corrected on January 8th: BOT +53 TSN @52.26
Mistake 2 - Forgot to increase the size of my stoploss order to 153 shares. So on January 15th, when the whole market gapped down, I stopped out of only part of my position. SOLD -100 TSN @50.69
Mistake 3- Didn't follow my rules and held on to the other 53 shares.
This past Friday, I was rewarded on a big earnings gap up resulting in a 9.26% total gain on the position. I'm going to follow my rules and stay in the position, setting a stop 3% below the 30 day moving average. If the Trading Gods have a sense of humor, there will be a huge market gap down that takes away all my unrealized gains for bumbling so badly. SELL -53 TSN STP 50.94 GTC [TO CLOSE]
Mistake 2 - Forgot to increase the size of my stoploss order to 153 shares. So on January 15th, when the whole market gapped down, I stopped out of only part of my position. SOLD -100 TSN @50.69
Mistake 3- Didn't follow my rules and held on to the other 53 shares.
This past Friday, I was rewarded on a big earnings gap up resulting in a 9.26% total gain on the position. I'm going to follow my rules and stay in the position, setting a stop 3% below the 30 day moving average. If the Trading Gods have a sense of humor, there will be a huge market gap down that takes away all my unrealized gains for bumbling so badly. SELL -53 TSN STP 50.94 GTC [TO CLOSE]
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