Thursday's Small Lots

I entered two small-lots shares positions:

sym	shares	entry date	exit date	entry price per share	exit price per share	result $	result %	annual rate	days held	tactic
MTGE	10	9/8/2016		17.66						channel
UBNT	3	9/8/2016		53.07						rsi

I exited one position.

sym	shares	entry date	exit date	entry price per share	exit price per share	result $	result %	annual rate	days held	tactic
EGAN	63	9/7/2016	9/8/2016	3.25	3.06	-0.19	-6.21%	-2266%	1	earns

I lacked resources in my experimental account to trade all three prospects and so had to cut one. I wanted one from each tactic, which made UBNT one of the trades.

Among the two price-channel breakouts, using Elliott wave analysis, I preferred MTGE's chart to SKYW's, although it was very close and a random pick among the two would have been just as good.

By Tim Bovee, Portland, Oregon, Sept. 8, 2016

The Intelligent Investor by Benjamin Graham

References

Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended for trading on a commission-free platform such as Robinhood Financial. See my initial post on the strategy here.

I can be reached via comments on Private Trader posts or by email at datnillc@gmail.com.

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Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at www.timbovee.com.