I thought that I had posted an official update on the URGN swing short trade when the stop was hit but apparently didn’t. I’ll often mention trade ideas hitting a price target or exceeding the suggested stop in video updates, later following up with a front page post at which point that trade is reassigned from the Active Trades category to the Completed Trades category to be archived indefinitely for future reference. This allows for a reference on how certain stocks & ETFs have traded in the past as well as a means of looking at the past performance of all official trades on a particular stock or ETF.
After reversing shy of T1, URGN hit the max. suggested stop of 59.01 on April 3rd for a net loss of 11.7% or a beta-adjusted loss of 8.2% as the suggested beta-adjusted position size for this trade was 0.70.
URGN has now been moved the the Completed Trades archives with all short & long trade ideas listed as Active still yet to hit their final price target or max. suggested stop. Note: The GE (General Electric) offical trade has come within 2 cents of the first price target today.