12/1 – 3:05 p.m. New York time
12/1 – 2:45 p.m. New York time
GWPH‘s ADX has reached 25 and I have entered a position.
12/1 – 1:10 p.m. New York time
Henceforth, I shall ride my horse and point lance in the direction counseled by Miguel de Cervantes Saavedra in his novel Don Quixote (1605-1615): “Diligence is the mother of good fortune, and idleness — its opposite — never brought a man to the goal of any of his best wishes.”
12/1 – 11:55 a.m. New York time
12/1 – 9:43 a.m. New York time
I have no prospective new positions on my agenda for Friday. I exited FIVE for a profit.
The one possibility for a new position, GWPH as an earnings play using shares, has an average directional index (ADX) below 25, marking it as non-trending. But the ADX is 24.7, which is very, very close. If the ADX hits 25 or higher, then I shall take the trade.
By Tim Bovee, Portland, Oregon, Dec. 1, 2017
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.