tradersams blog

JB Hifi close

JBH:  Closed my position in J.B. Hifi today at $20.40.  This has given me a profit of  46% – that will help the stats.

When I look back at the entry from when I pyramided into the position I wrote at the time that this was a text book trade – which it seems to have been right until the end.

Happy with this trade – it ticks the boxes:

• Clear reason for entry (something not apparent in some of my trades)
• Followed a simple clean plan
• Broke through a downtrend, then an all time high to keep plowing into higher territory
• Good profit

And look at the smoothness of the red moving average (140 day) under the trend.  A treat!

Anyway this is (was?) the longest position I have held since starting this blog that I’ve documented.  Anyway its gone now – but who knows I may open it again in a couple of days…

Here’s to my dwindling portfolio, and increasing cash position!