Sold, sold, sold...

Finally exited CGX during a weak morning and closed SCHS after it hit my stop loss early in the morning. Both transactions may be too rushed given the abbreviated trading day on Friday, but I want to honor my strategy at all times, not just during 'normal' periods. Therefore I sold and luckily, both stocks rallied into the trade window.

Sold 8.01282 shares of SCHS at $37.349 a nice price given the early AM $37 price.
Sold 1.30412 shares of CGX at $59.864

Nets:

CGX, +$5.01 or +3.34%
SCHS, -$0.73 or -0.24%

I sure like keeping my winners running and my losses small!

I am contemplating updating my procedure for trailing stops. Usually, I sell half my position after my first price target is met, then trail a stop 1% that sell price. If the stock rises by another 1%, I'll increase the stop and so on. I only raise the level if the price is above the given level within 5 min of my trading window--kinda complicated I know. But, I am questioning this logic, and I think I should increase the stop if the stock ever rises above my target, not just near my window.

No watch list for Monday as I am concerned the charts do not really reflect a 'normal' trading day and it is hard to gauge volume etc.

For now,
Masterjaz out