It was nice to have a bounce-back week that washed away the prior week's losses. We made a hearty 5% return on our account this week. And that was with only 5 closed trades!
There weren't a lot of trades this week mainly because the markets were at their highs. I haven't found that there is a lot of edge in trading any given asset when it's right at its peak price point. I therefore am more of a buy-low, sell-high guy than a momentum guy.
We have a few positions open heading into next week. One of them is Bank of America (BAC). This stock has performed very well over the last 20+ years for our types of trades. It's typically a very dependable ticker and you may see it come up again repeatedly in the future.
If you have questions or feedback,contact me any time!