Having recently closed our SILJ BAN business, I would like to take this opportunity to dissect our business, including the process of choosing an appropriate exit target and protecting capital within the business. The BAN Trader Pro strategy automatically incorporates these same techniques within the decision making process of generating signals and taking trades.
With our recent SILJ trade, we initiated entry on an upside breakout in price on November 5, 2020 – near $15.50. This upside breakout move prompted a new BAN trade trigger with SILJ near the top of the BAN hotlist, suggesting that the upward trend would continue.
Of course, nothing ever happens 100% as expected… like Pfizer’s announcement of a vaccine being 90% effective comes out just days after going into business! Our SILJ trade remained below our entry price for more than 30 days as a result of an immediate drop in price activity. Read on to see how we still made money on trading…read more here.
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