ANR hit the first target yesterday for an 11.9% gain. This will be left on as an Active Trade for now but as is most often the case, the stock did pullback after hitting the first target level. Consider raising stops to protect gains if still long. As I wasn’t in this one (as I don’t, nor can’t possibly take every trade idea posted here), I didn’t catch the fact that target was hit until today.
Every completed trade on RSOTC, whether successful (one or more profit targets hit) or not (stopped out for a loss) is followed up with. This allows all trades to be archived in the Completed Trades category (which is sub-divided by Long & Short Trade ideas subcategories). Although my original intention was to build a spreadsheet in order to track the performance of the trade ideas on RSOTC.com, that proved to be an extremely time consuming & nearly impossible task due to not only the sheer number of trade ideas posted here but also the fact that most trade ideas are assigned multiple targets in order to accommodate various trading styles from the short-term, active trader to longer-term swing & trend traders or investors. However, archiving all trades under the Completed Trades category provides for the ability to view all the completed trades in chronological order or by specific ticker symbol. This is a useful tool to reference the past trading history of a particular security, often at different points in time.
Every effort is made to update a trade as soon as a target is hit but there are times when a large number of trades reach their profit targets in short order and as such, it is not practical to post updates on each of those trades right away. That holds especially true in a fast moving market when multiple trades are hitting profit targets in rapid succession. In those cases, I will often post the updates as soon as time permits but my primary focus in a fast moving market, other than managing my own positions, is to monitor the charts and share any new, timely trade ideas or relevant market analysis.
Therefore, one should always have a trading plan in place including predetermined profit target levels. As ANR and so many previous trades on the site illustrate, these profit targets will very often cause a reaction where prices reverse rapidly upon reaching as they are key resistance (support) levels for long (short) trades. The best strategy to avoid missing a fill is to have a standing sell limit (or buy-to-cover limit for short trades) in place at your predetermined target level(s). The suggested targets listed are typically set just below the actual resistance level (for longs) or just below the key support level (for shorts) in order to help minimize missing a fill in case the stock reverses just shy of those key levels.