Saturday, May 7, 2011

Chesapeake Energy Corporation (CHK)

1. LONG the week of 5.12.03 at $8.98. My stop was at $6.71, so the initial risk (R) on the trade was $2.27. Stopped out and reversed to short at $28.08 the week of 2.6.06. The percentage gain on the trade was 212.7%, and the reward-to-risk ratio was $19.10/$2.27 = 8.43.



2. SHORT the week of 2.6.06 at $28.08. Using $36.62 for my stop, R = $8.54. Stopped out and reversed to long the week of 11.27.06 at $32.50. The percentage loss on the trade was -15.7%, and the reward-to-risk ratio was -$4.42/$8.54 = -0.52.

3. LONG the week of 11.27.06 at $32.50. With the stop set at $28.05 the risk was $4.45. Stopped out and reversed to short at $26.70 the week of 1.3.07. The percentage loss on the trade was -17.8%, and the reward-to-risk ratio was -$5.80/$4.45 = -1.30.

4. SHORT the week of 1.3.07 at $26.70. The stop was $31.27, so my risk was $4.57. Stopped out and reversed to long at $31.12 the week of 4.2.07. The percentage loss on the trade was -16.6%, and the reward-to-risk ratio was -$4.42/$4.57 = -0.97.

5. LONG the week of 4.2.07 at $31.12. With $26.89 for my stop the R on the trade was $4.23. Stopped out and reversed to short the week of 8.4.08 at $41.79. The percentage gain on the trade was 34.3%, and the reward-to-risk ratio was $10.67/$4.23 = 2.52.

6. SHORT the week of 8.4.08 at $41.79. I placed my stop at $63.57, so that means the R was $21.78. Stopped out and reversed to long the week of 4.13.09 at $21.11. The percentage gain on the trade was 49.5%, and the reward-to-risk ratio was $20.68/$21.78 = 0.95. 

7. LONG the week of 4.13.09 at $21.11. My stop was $12.36, so my R was $8.75. Stopped out and reversed to short at $22.03 the week of 3.22.10. The percentage gain on the trade was 4.4%, and the reward-to-risk ratio was $0.92/$8.75 = 0.11.

8. SHORT the week of 3.22.10 at $22.03. The initial stop was $28.09, so R = $6.06. Stopped out and reversed to long the week of 12.20.10 at $25.48. The percentage loss on the trade was -15.7%, and the reward-to-risk ratio was -$3.45/$6.06 = -0.57. 

9. LONG the week of 12.20.10 at $25.48. With the stop set at $21.44 the risk on the trade was $4.04. Closed last week at $30.95 with a $29.06 stop. The percentage gain on this trade is 21.5%, and the reward-to-risk ratio is $5.47/$4.04 = 1.35.

Bottom Line:
Winning Trades: 5 | 55.6% | $11.37/share avg.
Losing Trades: 4 | 44.4% | -$4.52/share avg.
Average Trade: Gain of 28.5% | $4.31/share | Reward-to-Risk Ratio (R): 1.11

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