12 Aug, 2018

Trade Wrap-up 8/12/2018

The Trade of the week did not work out for us this week. I bought 80 shares of PETS at $38.25 on Monday and sold shortly before the close on Friday at $37.65. (1.9% loss)

To be honest, this was a very poorly timed entry for me. As you can see in the plot below, I bought right before the previous high of $38.34 on August 3rd as it pulled down from a new high of $38.40. I was expecting it to push through and continue the uptrend (since it had already broken the previous high) but I should have waited a bit longer for that pattern to confirm.

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