1R reached in FCX sold 1/2 position.. WNR long over 49.93 in wait mode here.. Possible short setting in OSG DLLR
Took 95 shares of OSG short at 73.70 risking 346.65. Stop at 77.37 and will adjust should price move in favor off end of day. Looking for 1R at 70.03.
Well leaving OSG stop as is and moving FCX stop @ 75.43. I could have got more out of this but followed my plan and sold near target. Still got a small position or 1/2 left. I won't be near my screen tomorrow and do not have any opportunities tonight to speak of. Where we go from here is any-one's guess. Anyway the action today once again raises concern as far as long stocks.
Well did not see today's action and notice FCX did more in our favor and so we will now adjust stop @ 78.64. Our short in OSG is not going well and so stop still in place from entry. I've not looked into any opportunities for tomorrow as I'll miss the action again. This weekend I plan on going through my charts..
Today we took TWGP long @ 32.62 with 1R at 348.72. Position size is 197 shares and stop @ 30.86. We are looking for 34.38 as initial target. Stops will be adjusted off close only if position moves in our favor.
Well this week was not that great. I think I messed up by scaling out of FCX. Well I followed my plan and looking back I still think I made the right decision as I thought we might be getting ready for a nice drop. My OSG trade really hit me in the butt pretty good. Amazing how just one loss can change the dynamics of a port. Reviewing the trade on OSG I did see the trigger and took the trade. It just did not work in my favor.