I was curious what the actual gains from RGR were; it was just such a hot position. I knew it had to be at least 20%, because that’s about the difference from where the stock ended yesterday to where I bought at the $40 mark.
I actually pulled over 40% equivalent gains on the RGR position, if you were to treat it like a continuous position. Altogether, trading RGR added 7% to my account this year, with a position size that ranged from 0-15% depending on the day.
How’d that work out?
Well, mostly, I got real lucky on some purchases and sales.
I grabbed into the stock at $49 and then caught a big one time dividend announcement, selling out in the mid $50’s just before the divident record date. The stock fell into that day; and just a few weeks after that, that psychopath shot those kids.
I repurchased at $40, and then rode it up to $48. I bought back into the low $50’s, then sold most of those shares into the mid to high $50’s.
The stock dumped back into the $40’s, and from there I bought and sold most of the major moves lower, always for about 10% gains. The full list of buys and sells are detailed inside The PPT.
Cashing out yesterday, RGR was a solid set of moves this year that helped me hit new all time highs.
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