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Daily Trades List for Friday, February 2, 2018

The screening algo generated 9 potential longs and 9 potential shorts for Friday. I added no longs and 1 short to the list.  After closed trades there will be 3 longs and 18 shorts on the list.

The following results on open trades assume all cash transactions with no margin used.

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The 5 longs remaining on the list as of Thursday were all profitable, with an average profit of 16.4% and an average holding period of 21 calendar days. Two of those hit trailing stops and were closed out on Thursday.

There were 18 shorts on the list. Two of those were closed with losses. 67% of those were profitable with an average profit (including all losing trades) of 2.9% with an average holding period of 11 calendar days.

The average net profit for all open trades (including losing trades) was 5.9%. 74% of open positions were profitable. The average holding period was 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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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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