I’ve spent some time in updating both the Trade Setups category as well as the Active Trades category. Trade Setups are trade ideas that are either currently offering an objective entry, such as an active long trade that has pulled back to support, for example. Stocks or ETF’s that are setting up in a bullish or bearish technical pattern but have not yet triggered an entry fall into this category as well. As such, trade ideas are often assigned more than one category as they are not mutually exclusive. A description of each category can be found at the top of the page when selecting those sub-categories under “Trading & Investment Ideas” on the top menu bar of the site. All completed trades, whether successful (one or more price targets hit) or unsuccessful (stopped out or removed early) are archived indefinitely under the Completed Trades category.
The following trade ideas will be removed from the Active Trades category. About half of these trades were successful, such as VHI, which hit it’s second price target on June 19th for a 19.7% gain, continuing lower to a 30% gain just three days later but then reversing shy of the third & final target, moving sharply higher since & triggering any logical stops. The other half of these trades did not reach a profit target and either exceeded their suggested stops or no longer look very attractive from a R/R perspective.
BAC, ELLI, FDO, FL, IACI, MW, OCN, IWM, VHI