Daily Archives: January 14, 2017

Added more HTZ @ 21.92

Adding to my first position in 2017. Bought more HTZ on Thursday 1/12/17 @ 21.92 (see blue arrow) and have an average price of 22.26. Based on the opening price from 11/8/16 and December lows, there looks to be some support at 21. If it breaks below this level, cutting my losses and moving on. Targeting 24.50-25 to take profits, which represented support in mid to late November and a bit of resistance the first week in January. I believe the reward to risk ratio is in my favor at this point, risking about 1.30 to make 2.50. Let’s see how it plays out.

Stock HTZ

There’s a losing trade, and then there’s this..

Sticking to my original plan, I closed out NH for a loss on Thursday 1/12/17 as it broke below December lows. December had a low of 9.61, so I set my stop at 9.55 with a limit at 9.50. Sure enough, the stop was triggered and I sold NH at 9.51, which turned out to be the LOW of the day on Thursday. Not only the low of the day, the 52 week low, and ALL TIME low for NH (see blue arrow). Brutal. Will continue to follow NH and hope to takeaway a lesson on setting more strategic stops.Stock NH