Pfizer Trading Record

On 12/15/20 the Pfizer trade initiated on 09/18/20 was closed out.  The daily Pfizer (PFE) chart courtesy of Trading View illustrates the buy and sell points.

For record keeping, trades recommended on this site will assume an opening position of $10,000. Cash and stock dividends will not be a factor in determining profit/loss.  Commissions and fees will not be a factor in determining profit/loss.

Note  that on 11/13/20 PFE had a stock dividend of the Viatris stock.  The PFE chart in this post shows adjusted price after the stock dividend and is different from the charts posted prior to the stock dividend.

The PFE trade illustrates the concept of incrementally entering and exiting trades. This trade also shows the difficulties in trading.  Note that PFE bottomed the same day the stop loss was triggered.  Also note the add on position was made almost at a near-term top. There is no way to avoid these types of bad entries.  They happen, successful traders need to remain calm and reduce emotion as much as possible. Overcoming frustrating trades is a key to successful trading.

After two  profitable trades and two loss trades the net profit was a realized gain of 8.7%.        

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

2 thoughts on “Pfizer Trading Record

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

<span>%d</span> bloggers like this: