Stock Trading Pick: AAP 08-14-03
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August 2003 Trades      
Day Trading It Stock Pick for August 14, 2003
AAP - Advance Auto Parts Inc.

* Our AAP trade results in profits of up to + $3.89 in 8 days.

Date Stock Position Entry Current Stop Max P/L
08-14 AAP Long 71.31

73.01

just below 71.31 up to + $1.86 per share


AAP set up Thursday when it traded above 71.25 @ 71.31. It traded as high as 73.17 reaching our first target of 71.56 to 71.68 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + $1.86 per share in one day!


Date Stock Position Entry Current Stop Max P/L
08-15 AAP Long 71.31

72.82

just below 71.70 up to + $1.86 per share


Traders holding overnight into Friday were advised to keep your stops just below 71.31 to lock in gains and the stock traded in a range between 71.70 and 72.95.


Date Stock Position Entry Current Stop Max P/L
08-18 AAP Long 71.31

73.01

just below 71.82 up to + $1.86 per share


Traders holding overnight into Monday were advised to keep your stops just below 71.70 to lock in gains and the stock traded in a range between 71.82 and 73.14.


Date Stock Position Entry Current Stop Max P/L
08-19 AAP Long 71.31

73.13

just below 72.95 up to + $2.80 per share


Traders holding overnight into Tuesday were advised to keep your stops just below 71.82 to lock in gains and the stock traded as high as 74.11 resulting in profits of up to + $2.80 per share.


Date Stock Position Entry Current Stop Max P/L
08-20 AAP Long 71.31

72.00

just below 71.25 up to + $2.80 per share


Traders holding overnight into Wednesday were advised to keep your stops just below 72.95 to lock in gains and the stock gapped down past our stop at the open forcing us to set an emergency stop just below 71.25 (15min low). The emergency stop held nicely and kept us in the trade. Please read the trade management guidlines located just above "today's trades" in every newsletter if you are unclear about emergency stops.


Date Stock Position Entry Current Stop Max P/L
08-21 AAP Long 71.31

74.05

just below 72.20 up to + $3.03 per share


Traders holding overnight into Thursday were advised to keep your stops just below 71.25 to lock in gains and the stock traded as high as 74.34 resulting in profits of up to + $3.03 per share.


Date Stock Position Entry Current Stop Max P/L
08-22 AAP Long 71.31

73.72

just below 73.70 up to + $3.89 per share


Traders holding overnight into Friday were advised to keep your stops just below 72.20 to lock in gains and the stock traded as high as 75.20 resulting in profits of up to + $3.89 per share.


Date Stock Position Entry Current Stop Max P/L
08-25 AAP Long 71.31

74.00

closed up to + $3.89 per share


Traders holding overnight into Monday were advised to keep your stops just below 73.70 to lock in gains and the stock hit this stop Monday closing the trade for profits of up to + $3.89 per share.

Final Chart showing the eight day trade:


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