We had our only trade stopped out yesterday, September 22nd, 2020. In honour of the equinox, my photo is of Stonehenge.
Let’s take a look at a chart…
Dollar Index: UUP = UP, UDN = DOWN
This is the symbol that I made an error not getting out sooner as detailed yesterday.
Not sure why I did not include the fact that we were stopped out also. As they say, it doesn’t rain without pouring.
The high of $21.37 anchored the trailing stop at $20.86 which was finally reached.
The details are as follows:
$20.86 – $20.67 (trade price) = .19 X 1200 shares = $228.00 profit
The updated portfolio = $142,625.10
The chart shows that the price has continued on down. It will be worth having a look at the chart of UDN’ s inverse, UUP.
That’s it for this evening.