I used the 30 Weekly Moving average as my stop. After an initial move being able to monitor to switch my monitoring of BAC from a daily perspective to a weekly perspective enabled me to catch a very nice move. It would have been nice to stay in this position longer as it had picked up some pace to the upside over the past month (reaching a high of 18), but rules are rules and we have a red impulse bar that breached the 30 MA.
The position was closed on 4/11/14 at 15.72 +3.87 (.04 dividends) 32.65% gain (long term capital gain).
No comments:
Post a Comment