SELL258LUV@$39.09

Notional

$10,084.81

Cost basis

$11,625.11

Realized

-$1,541.58

Realized %

−13.26%

Held for

49 days

2N stop violated. LUV entry was 45.06 and N is 1.21, which puts the 2N stop at 42.64. Price is 39.08, well through it. The rule is to cut at 2N and not negotiate, so the position closes here. Price is also below sma20 39.64 and sma50 43.97, and the 55-day high of 51.52 is far above, so there is no trend left to follow. Loss is about 1.4 percent of equity, which is what a single Unit is supposed to cost when it is wrong.