14 Sep, 2018

Trade Wrap-up 9/14/2018

SEAS was a slow mover this week but it did move up!

I closed my trade this week in 2 halfs. Half at $31.85 and half at $31.99. The first order was to take profit in the case that it dropped lower. I don’t want to let a green trade go red, so I will normally scale back my position if I feel like a trade is moving against me. I will sell the first half for a profit. This way, I can sell the 2nd half even (at my purchase price) if I need to and I’ll still make money.

SEAS is still tracking the 5 SMA line but it did close below it on Tuesday (which makes me less interested in holding it through the end of next week). It bounced off of that same line today. I would expect to be able to sell this on Monday above $32.10.

+$516 This week. I can’t complain. Would have liked to see this go a bit higher!

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