February 17, 2015

FSDPX (finally!) with 1.3% and 5.5% profit

This was a long complicated exit strategy to get myself out of a bad trade.

The original position was open at $85.81. This was a losing trade for a long time by my standards. This position closed only at a 1.3% profit because of a dividend payment. The dividend was partly what caused the steep dropoff in price in October.

In between was another profitable trade from $80.12 to $83.56. (4.3% in 26 trading days)

With a big loss on the original trade, I bought back at $77.27 to try and neutralize the loss. Buy timing was indicated by RSI at 18, a bounce off the lower bollinger band. In hindsight a little early.

The final trade ended going up nicely, with 5.2% profit in 41 trading days.  

RSI on the daily chart is at 97, so expect this to drop back this week. 

I think I will stay clear of this fund for a while. The whole thing was a bit exhausting.1


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FIDSX 5.2% in 31 days