I have added 4 longs and no shorts to the list for Friday. After closed trades there will be 12 longs and 3 shorts on the list.
I continue to adjust trailing stops on the shorts and they’ve been getting hit with good results. 10 of the 11 shorts closed this week have been profitable. I am adding stops to the longs as key support levels and inflection points become apparent. At the outset we need to give a little wiggle room for new picks to complete their short term bases for a move up.
Including open trades and those closed so far in February, 68% of all trades are profitable. The average profit (including losing trades) is 4.5% per 13 calendar days average holding time. The S&P 500 has gained 3.1% over the last 13 calendar days.
Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month.
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