[Platinum Sell Alert] $800 in profits from 2 trades

PAPER TRADE ONLY 

Sell – PPH (1/2 position) $78.55 

Resistance levels provide traders with a potential area to take some profits off the table. PPH gapped up above resistance and hit a sell limit order at 78.55, which is $0.20 above the resistance level. Cost basis is at 76.60. 

There are a lot of gaps below current price levels. Stops will be set for the remaining 1/2 position assuring to preserve the remaining gain. This gave the portfolio a 2.55% gain or $97.50 for 1/2 the position.  

Sell – AJG (Remaining 1/2 position) $196.00

 Again, a stop limit was set above resistance level where price action wicked up and hit at 196. The next level of resistance will be 197.19. These two levels of resistance are very close, indicting we may encounter many sell orders in this neighborhood. 

There is a negative crossover of the SS, however many traders with a higher risk tolerance could remain in these positions according to the guidelines. We exit this 1/2 position with a 5.57% gain or $517.00 for the 50 shares. 

Total gain to the full 100 shares is $699.00 for the paper trade portfolio.  

This information is for educational purposes only and is not a recommendation to buy or sell a security