A Look At 4 Closed Trades

I will start with my trade in GLD, as I immortalized the setup in the post, Don’t Think, Buy GLD.

In the post, I wrote, “Choose a stop based on whatever you want, but obviously, the 200 day average and the trendline must not be violated.” I wanted to give [[GLD]] a chance to break through the 200 day and reverse, and not get stopped out, so my stop was at $85.05 The stop worked very well, until GLD gapped beneath it. I recorded a loss of 5.73%

I would like to note that GLD is ridculously oversold, and will bounce, very soon, in my estimation. Again, you’ve go to use a stop on these types of trades, and as I’ve shown here, some trades will gap beneath your stop.

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The following three trades were closed Monday, August 11th.

 H&R Block, Inc. [[HRB]] was a trade I talked about a bit.

Gain of 3.51%

I sold this one as I felt it was especially susceptible to headline risk, and because the MACD was rather weak for a new high, as was volume.

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Marten Transport, Ltd [[MRTN]] was my play on falling oil.

Gain of 7.62%

I sold this one because it quit responding to drops in crude prices, the MACD was crossing, and volume was weaker than I liked.

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Premiere Global Services, Inc. [[PGI]] was an easy trade.

Gain of 7.18%

This trade was well executed. I think this one will go higher, but I pegged the entry, so it made sense to peg the exit as well.

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