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Wells Fargo v Boston Properties is closed

January 8, 2013

08 January

The best examples of my Bollinger Band breakout trades move into profit quickly. The position in WFC v BXP signalled a breakout but then didn’t follow through, so now it is in a position of hoping that it eventually does.

Rather than wait to see if it does, I’m going to close it for a 2.1% loss. After all, the justification for the trade, a break higher from a band contraction has not occurred.

The position in XLF v XLE (Financials versus Energy ETFs) has a 2.0% gain so far.

 

 

 

 

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