Sunday, July 22, 2012

Priceline (PCLN)

BUY signal the week of 2.13.12 at $582.52. My first stop was $483.98, so my risk (R)/share was $98.54. Stopped out the week of 5.29.12 at $610.50. The percentage gain on this trade was +4.8%, and the reward-to-risk ratio was +$27.98/$98.54 = +0.28.

Priceline traded as high as $762.13 the week of 4.23.12, so I ended up giving back basically all of my gains by the time I finally got stopped out. Honestly, I probably shouldn't be trading this stock in the first place. Volatility causes my stops to widen further, and it would be hard to find a stock with more volatility than Priceline.

Maybe Google?

I don't trade Google anymore...

History (beginning in 2003):
Winning Trades: 5 | 71.4% | +$74.18/share avg.
Losing Trades: 2 | 28.6% | -$5.52/share avg.
Average Trade: +73.3% | +$51.41/share | Reward-to-Risk (R): +2.46

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