Right Side of the Chart

...because anything to the left is history

Long-Term Trades- Completed

The “Long-term Trades- Completed” category lists trade ideas from the Long-term Trades category that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades category either upon hitting the final target or if stopped out before then. Once removed from the Long-term Trades- Active category, these trades and all associated posts will be archived indefinitely in the Long-Term Trades- Completed category for future reference.

Feb 012016

ENLK (EnLink Midstream Partners LP) closed a mere 2 cents below the suggested stop of a weekly close below 12.01, providing a 6.7% loss* on the trade for those that were holding out for T3 on all shares. As such, this Growth & Income trade will now be moved to the Completed Trades category but will remain on my radar for another possible long entry. The loss was calculated using the adjusted cost basis for this trade.

*ENLK had hit both T1 & T2 very shortly after the December 15th entry for a 20% profit in just 5 trading sessions before reversing at the minor downtrend line on the daily chart. The entry on ENLK was on Dec 15th at 13.24. The stock went ex-dividend last week, meaning that anyone long the stock last week, even if they closed out the trade at Friday's close, will receive a dividend of 39¢ per share, thereby reducing the cost basis on the trade from 13.24 to 12.85. I would also state that for those who decided to give the trade a little more room, I still think there is a decent chance that the final target of 18.97 will be hit over time.

ENLK daily Jan 29th close

ENLK daily Jan 29th close

ENLK remains just below long-term support but may be revised as a new long trade idea soon if it can regain that level, assuming the daily chart of ENLK confirms as well as the charts of the energy sector.

ENLK weekly Jan 29th close

ENLK weekly Jan 29th close

Jan 062016

WMT (Wal-Mart Stores, Inc) has hit T1, resulting in a total return (including the 0.49 dividend paid out on Monday) of 9.1% since the entry on Nov 4th. While Growth & Income investors might considering raising stops to hold out for additional gains, I have [continue reading…]

 January 6, 2016 10:06 am  Completed Trades - Long, Growth & Income Trades- Completed Tagged with:  Comments Off on WMT First Price Target Hit, Booking Full Profits