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XOP Stopped Out for 4% Loss

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XOP Stopped Out for 4% Loss

As mentioned in the trading room yesterday, the XOP (Oil & Gas E&P ETF) was stopped out yesterday on a daily close below 28.50. With a closing price of 28.22, that resulted in a total loss of 4.01% or a beta-adjusted loss (with the 0.90 suggested reduced position size) of 3.6%. XOP will now be moved to the Completed Trades archives.

XOP daily Dec 17th close

XOP daily Dec 17th close

In updating the XOP trade, I noticed that XAUMF was still listed under the Active Trades category although I had mentioned it being stopped out back in mid- November in both the trading room as well as a video update but apparently never removed it from the Active Trades category. XAUMF will also be reassigned to the Completed Trades category as it closed below 1.68 at a price of 1.60 on Nov 15th for a 14.3% beta-adjusted loss.

XAUMF daily Dec 18th

XAUMF daily Dec 18th

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2018-12-18T11:49:00+00:00Dec 18, 2018 11:49am|Categories: Completed Trades - Long|Tags: , |0 Comments

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