Live: Tuesday, May 28, 2019

11:10 a.m. New York time

XOP remains below its profit zone, and at the present rate of change would take one trading to return to profitability. My trading rules presently require an exit if the return time exceeds two days. That’s a tentative time, and I may well decide to lower it, depending upon the outcome of this trade.

The other metric require an exit if more than half of the one standard deviation range lies beyond the profit zone on the tested side. Both 1SD boundaries for XOP this morning are within the profit range — by 6% on the lower side, which is being tested, and by not-even-close on the upper side. The lower side 1SD boundary gives me reason to wait before exiting, although the two metrics aren’t linked in my current rule set.

I adopted the new rules in March, and I’ve added them as a “Trading Rules” item on the menu at the top of the Private Trader site.

The target exit date for XOP and my other holdings expiring in June is May 31, this coming Friday.

By Tim Bovee, Portland, Oregon, May 28, 2019


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.

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