I closed out both positions today with $ARCP and $XXII. One was a small loss and the other was a large percent gainer (but admittedly a small $$$ gainer).
I decided to close the ARCP position after another day of it not doing much. It appears to me like the potential breakout failed and I'm not willing to wait longer to find out either way. Cut my losses short with under 3% and a loss of only $8... not counting the commissions of course. Another losing trade on the record but I feel that I learned from it.
My position in XXII closed with a very nice gain of 36.35%. It was a very small lot and I only gained $30 out of it... but it honestly is my best executed trade thus far. I had a great entry after the alert from BP_Rising and went in with an 8% trailing stop. I had a set target in my mind of 10% to 12% unless momentum was still there, then I planned on letting it ride. That was possible and I ran into through today and took profits today at the EOD. It may continue to climb tomorrow but holding it for a third day running seemed like a risk.
I send out the details of the trade on Twitter and StockTwits, mostly to say thanks to BP_Rising for the free alert and Tim Sykes for the free lessons and inspiration. Both send responses or favorites/likes.... it was kind of like getting a 100% on a school test and having your teacher slap a smiley face sticker in the corner :)
Trades settle next week on Wednesday. Will be looking for another trade in the meantime.
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