Automation Recap October 26, 2018

  • Strategy: Bear Kitten
  • Stock Ticker: CTL
  • Entry: 20.48
  • Exit: 19.88
  • Profit:  $439.00

Beautiful trade. Only took 15 minutes to hit the target. It touched the daily 200 SMA then bounced back up. Overall a perfectly executed trade and this is exactly the type of trades this strategy aims to get

CTL Chart

  

  • Strategy: Bear Kitten
  • Stock Ticker: NTAP
  • Entry: 71.74
  • Exit: 71.36
  • Profit:  $79.80

I’ve seen NTAP hit several scanners over the past couple of days and I finally got triggered into a trade with it. While the stock initially retraced, it did move down before the timed exit. If we had held on a little longer we could have booked some more profits but the general market was already very extended in the bearish direction and I don’t mind getting out at this time.

NTAP Chart

  

  • Strategy: Bear Kitten
  • Stock Ticker: I
  • Entry: 30.23
  • Exit: 30.90
  • Profit:  -$332.99

The ugly duckling of today’s trades. It’s actually a shame really that it came to test the highs right after we got triggered into the trade. This could have been another beautiful trade if we had not retested. I’m not really sure if this can be filtered out, I will examine the strategy over the weekend.

I chart

  

  • Strategy: Bear Kitten
  • Stock Ticker: X
  • Entry: 25.63
  • Exit: 25.17
  • Profit:  $270.32

This is an example of why I don’t have a longer timed exit for bearish trades. Even though it would have worked out for the NTAP trade, in X we literally got out near the bottom. Overall a fairly profitable day all things considered. The volatility is high and the general markets were very bearish today.

X Chart

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