Closing One Trade

By: ispeculatornew
Date posted: 09.23.2013 (4:20 am) | Write a Comment  (3 Comments)

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I currently have 7 live trades and 2 of those could in theory be closed, one of them reached my stop-loss and one is over my 20% winning threshold (long Apple-Short Travelzo). This morning I will be closing out the losing trade but will keep the other one alive. Why? Because I continue to believe holding Apple brings a lot more upside than downside, especially with new products being launched in the coming weeks (even though the iphone launch was not received as well as I had hoped). So what am I closing?

Long Google (GOOG) & Short Yahoo (YHOO)

The trade currently stands at -29% and will be closed on the opening this morning:

GOOG Chart

GOOG data by YCharts

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3 Comments

  1. Comment by Johan Lindén — September 23, 2013 @ 11:39 am

    Off-topic, but didn’t know where to post it. I think you might find this one interesting:

    http://ben-evans.com/benedictevans/2013/9/21/atomisation-and-bundling

  2. Comment by Johan Lindén — September 23, 2013 @ 11:43 am

    Btw, instead of using those visually unbalanced ycharts you should use stockcharts.com or other free services so the prices will be relative to each other. Ycharts doesn’t give you any way to compare how these stocks developed compared to each other.

  3. Comment by IS — September 24, 2013 @ 4:09 am

    @Johan – Yes thanks, I’ve been following his blog for the past few weeks and love his input, thanks for sharing

    And I agree 100%, I will try to get back to using stockcharts, it would look much better for charts like that

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