The X (U.S. Steel Corp) Long-Term Trade has now hit the final target, T4 at 40.50, for a gain of 127% since entry. X is a good example of the difference between the regular Long Trade Ideas and the Long-term Trade Idea. As stated back in the original post on May 3, 2013 when X was added as an Active Long-term Trade: “… I am adding X as a Long-Term Trade Idea. The Long-Term Trades category included trades that have relative long expected holding periods (measured in months or even years) and typically have price targets well into the double-digits. Often these Long-Term Trade ideas will also appear in the normal Long Setups or Active Long Trades categories, which includes the bulk of the trade ideas on RSOTC.com. Most of those trades are swing trades with an expected holding period which can be expected to last days, week, or months but with a typical holding period of around 6 weeks or so.”
Consider booking full profits at this time (X has actually now surpassed the final target and is trading well above T4 now at 40.76 as I type) as the R/R no longer warrants remaining long in this trade. Although not all Long-term trade ideas are successful or reach triple-digit gains, X is a good example of the difference between the typical swing trade ideas and the Long-term Trade ideas shared on RSOTC. This trade took 16 months to play out and like all Long-term trade ideas, patience and relatively wide stops are required for such trades with above average holding periods and return potential. The previous & updated weekly charts are posted in chronological order below for a quick visual how this trade played out. (note: T4 was added as the final target back on Sept 18, 2013 at the time the first target was hit).