Closed EJ, LNG

I got a couple of nice moves.

Three good days in a row.  Decided not to tempt fate. Sold

Summary:  I got a good move there is probably another day left in this move.  Had I taken twice the position, I would have only sold half. But my position size was a product of the number and size of other positions I had on when the position was taken.

Entry: $9.79
Exit: $10.94  + 1.15  11.7% 1.05R


LNG:
After a false start after buying LNG regrouped and re-broke out and hit an all time high. Less volume today.  So I decided to close the position selling into this strength.

Summary:
Entry was not great  I bought four days after the range breakout.  On a weaker industry group that probably would have crushed me.  LNG has been strong all year (and then some) which gave me another chance to re-enter.  In the future, I'd be better to buy closer to the 20MA

Enter: $72.46
Exit:  $75.92   + 3.46  4.77% 1.2R

New Buy: LNG

LNG is a very interesting company.  It is actually going to be exporting natural gas. I believe it is the only U.S. Company that has a permit to export Natural gas. I've recently read a great book that documented LNG's rials and tribulations.  That being said, my reason for entry is the consolidation on the chart along with additional long term contracts.

LNG has consolidated for a month.  I bought on the breakout $72.46.  I'm not crazy about my entry as I don't typically like buying breakouts.  I'm somewhat comforted by the strength of the past breakout. Stop @ $66.60, which is right below where the breakout started.

Dynamic: