Friday, June 07, 2013

All good things come to an end...

Below is the chart of US stock Supervalu, of which I was finally stopped out of my position yesterday for an +8.8R profit. The position was opened right at the end of February, following a nice price and volatility contraction. 

As mentioned several times on here, you never know which positions will quickly fail, or will take off and produce decent profits like this. All I know is that, should a stock not act as intended, I will cut the the trade quickly to prevent a small loss becoming a bigger loss. When it moves in my favour, however, I will let the position (and profit) run for as long as needed to let the trend fully play itself out.

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