In reviewing the Active Short Trades category, the following trades will be removed:
FCH- Exceeded the 5.50 suggested stop level shortly after it was suggested in the last video update on Jan 23rd. For anyone still in this trade, I think that the odds are still good for at least T1 to be hit soon but I’m trying to move out some of the less attractive trades ideas on the site to make room for some new trade ideas so FCH will be moved to the Completed Trades Category.
GMCR- Stopped out as per the suggested criteria back on Jan 2nd.
MCD- Stopped out on Feb 1st as per the suggested criteria.
PCYC- Hit the first target back on Nov 5th for a quick 20.7% gain and then bounced well beyond entry, far exceeding any reasonable stop (this trade did not list specific stops).
SOCL- This one was posted with very vague entry criterion and without any suggested targets or stops back on May 31st of 2012 and basically fell off my radar and should have been removed earlier. As the chart isn’t very clear, I will consider the trade stopped out and move it the Completed Trades category.
The main reason that I am posting these removed trades is to so that every trade, winner or loser, that is posted on the site will be archived indefinitely for future reference under the Completed Trades category. (each trade related post is assigned one or more symbol tags which are used to categorize all posts). Note: There are a few more Active Trades that have recently exceeded their suggested stop levels which I may or may not remove this week. I will leave them as Active Trades for now as their charts still look very constructive but I do plan to update those trades asap along with some of the existing trade ideas that are still offering very objective entries.