Tuesday, August 21, 2007

FLR Swing Trade

Last month I swing traded 50 shares of Fluor (FLR). In past posts, I discussed my entry and tracked the progress of the trade, but I never gave a final update after I exited the trade. This post will go over when and where I sold. In case you missed my first posts regarding this swing trade, here they are:
Here's a table showing an overview of the trade (click to enlarge):
The following chart shows where I bought and sold on a 6-month, daily chart:
This last chart shows a detailed (60-minute candles) view of my entry and exit. You can see that I raised my stop-loss order too high - to $112.50. I should have given the stock more room to maneuver, but I didn't, so I missed out on some potential profits. Regardless, an 8.5% profit in 5 trading days isn't bad. This was a well planned trade, and well executed.

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