Today I exited my trade on NEM for 7.08 which is 53.58% gain. There is plenty of time to expiration, but it (and some other gold stocks) showed bearish candle patterns at their upper Bollinger Band. So it seems like a short term pause is likely. I would be very inclined to look for another entry on a controlled price pullback.
I exited the NKE trade today for 1.80 which is 33% loss. The trade started out well, but then it hasn't been able to make the push up above resistance, and then it closed below its 50 day moving average yesterday. In the past, when a trade like this doesn't make the breakout I expect, it rarely turns out well. So, the key here is to minimize loss.
Also, the last trade on QID should be exited. The entry was 38.97 on the 15th, and the price now is 39.93. That is 2.46% gain. So that's the 3rd winner in a row on the QLD/QID short-term model.
Closed Option Trades on the Blog:
MTH: -42%
GME: -35%, -33%
AGU: 11%
NEM: 54%
NKE: -33%
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