Dids/Pexels
This Week’s Trade Exits
As soon as I exit a trade, I note that in the comments of the post where I first mentioned the trade; at the end of the week, I try to track them all in one post. Starting in July, 2024, I have also been tracking them in this spreadsheet. These are the trades I exited this week.
Stocks or Exchange Traded Products
SunRun (RUN 0.00%↑). Bought at $19.17 on 9/13/2023; stopped out at $17.88 on 10/1/2024. Loss: 6.7%.
X Financial (XYF 0.00%↑). Bought at $3.67 (adjusted for dividend reinvestment) on 2/6/2024; stopped out at $6.92 on 10/2/2024. Profit: 88.6%.
Options
None.
Comments
SunRun was one of our top ten names, which I bought and sold as part of our core strategy. That strategy is to buy equal dollar amounts of the Portfolio Armor web app’s top ten names, put trailing stops of 10%-20% on them, and replace them with names from the current week’s top ten when we get stopped out of a position.
X Financial was an undervalued Chinese stock that we bought back in February, when Chinese stocks were beaten down.
If You Are Concerned About Downside Risk
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