April 6, 2011

XTEX Sold at $17 - 11% profit in 50 trading days

This was purchased mainly for the dividend. Chart had flatlined at $17, so time to sell and move on to better pickings. Dropped 2% after I sold (not because of me, honest).

A much better trade would have been to simply sell it at between $17 and $17.50 within the first 15 days. Sell signal at that time would have been two - it would have probably met my 1% per trading day profit target, captured the 0.26 dividend, and the three days in a row trading above the bollinger band signalling a pullback was imminent.

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FIDSX 5.2% in 31 days