Kohl’s (KSS): Profit-Taking

Kohl’s (KSS) continued to climb this week, leading me to trim another 5.8% of my position at $53.42 on Friday which lowered my per-share cost -0.66% from $48.23 to $47.91, but, as usual, freed up some capital for additional investment should Kohl’s pull back.

Just like last week, given the amount of economic slowdown combined with retail concerns, taking profits when I have them is key to properly managing this position and taking advantage of its volatility.

KSS closed the week at $53.96, up +1.01% from where I sold on Friday.

Square (SQ): Profit-Taking

I’ve been watching Square’s (SQ) volatile price action over the past few weeks and decided to start taking profits on shares I picked up at $57.03 back on September 16.

On Thursday, I sold 1/5 of those new shares at $60.94, locking in gains of 6.85% when my trailing stop target was just 5%. My next sell targets for SQ are $63.75, $69.55, $75.30, $81.15, $92.70, and $100.95 (near its all-time high).

SQ closed the week at $62.89, up +3.20% from where I sold on Thursday.

Twilio (TWLO): Added to Position

The cloud stocks continued to sell off this week with Twilio (TWLO) testing the $100.00 mark on Wednesday, triggering a trailing stop order I had placed at $100.44 which filled at $100.50.

The order added about 8% of my desired allocation for the position and lowered my per-share cost -2.8% from $116.95 to $113.66.

My next buy target for TWLO is around $93.00. 

Remember: Twilio reports earnings next Tuesday, October 30, 2019. I make it a practice to not have open orders for a position around its earnings report as determining price action from a binary outcome can be downright impossible.

TWLO closed the week at $106.98, up +6.45% from where I added Wednesday.