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Wal-Mart trade closed

October 15, 2014

I am closing the long Wal-Mart (WMT) short NASDAQ 100 Trust (QQQ) trade now. I did so in real life a few hours ago and should have posted it then but for this, I’ll have to take the live prices, they are: WMT: $75.07 and QQQ: $92.63.

I had a 6% gain in real life but it will be less in this model portfolio, a shame for a well executed trade that followed my RSI divergence set up.

The trade had not been profitable today even at the lows and was always going to underperform on a rebound, so it made sense to close it.

 

 

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