Daily trades list update for November 6, 2017. New buys, sells, short sales, cover shorts, and updated stops.
The trading setup algorithm looks for swing trades with an expected holding period of 3 weeks to 6 months. It generated both longs and shorts last week. There are now 13 longs and 21 shorts on the list.There are currently 2 prospective longs and one prospective short at limit prices, and one short to be opened at today’s opening price.
Open longs are up an average of 4.9% (cash, no margin) with an average holding period of 15 calendar days. Open shorts are now up an average of 4.7% with an average holding period of 13 calendar days. Trades closed last week had an average profit of 2.5% and an average holding period of 25 calendar days. Future results will differ.
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