Just yesterday I bought 500 shares of RH. This stock is so volatile with it’s ups and down swings and with a stock like this I think you’re better off grabbing profit when you can. I’m not a believer in expecting to pin point direction while going in and out, but I am a believer in taking profit. I bought the stock at $72.80 and I just got out at $74.50. That’s +$1.70 per shares. Again, I only had the position for a day. And in that day I saw the stock go up and down between $71 and $74.80. Today the low was $72.27, so when it just went up I decided to jump out. The $1.70 on the 500 shares is a profit of $850 in a day. I’ll take that and put in my mattress!
If it goes back down to the $72 area I’ll be jumping back in.
9/18/17 – Buy 500 Shares RH @ $72.80
9/19/17 – Sell 500 Shares RH @ $74.50
Profit +$850
Steve
The Options Coach