I would normally try and sell in the final hour of regular trading. Have an sell order at $59.60 each, for my 1,000 shares of AAN – Aaron’s Inc.
Price has moved above the Upper Bollinger Band. It will in my opinion, retrace back to one of the moving averages. When that happens I may buy again. This was a low volume buy – picked it up over a month ago for $58.00 per share. Was looking good but then the Trump Tweets about China Tariffs messed up the Markets. It can come back. and so I figure that I’ll take out the Capital Gain of $1.60 per share.
Stock Chart of AAN – Aaron’s Inc. Chart created using Stockalyze
UPDATE: After posting this, I checked the price and it has gone down below the Low set at 10:24 am this morning. If I don’t get filled at $59.60 by 3pm today, I’ll cancel the sell order and will grab Market price after 3:30pm today. Figures that it dropped around Noon time when people leave for lunch. I normally stay away from trading between Noon to at least 2 pm. I like trading opening hour and closing hour can bring in awesome trades. That is also why the sell order was not an At Market order. I used to really enjoy Day Trading. Swing Trading can be rewarding, but it is hard to switch the Brain from Day Trading Mode. Like when the China Tariff Tweets tanked the Markets. It was hard to accept the price drops and tell myself that I was in the stocks for the longer term and you are not day Trading. Don’t know how Warren Buffet is able to do it…
Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.
Posted by: Vincent Banial