Today, we closed one of our positions in the First Trust Chindia ETF (FNI). I don’t foresee any problem holding this ETF long-term. This position was only closed to facilitate moving money from our TD Ameritrade brokerage account to our M1 Finance brokerage account. We are continuing to invest in FNI in both our TD Ameritrade IRAs and our M1 Finance brokerage account. Read why we invest in FNI right here: Own BABA BIDU BZUN CTRP EDU INFY JD MOMO WB WUBA YUMC YY With 1 ETF! Also right here: Best Long-Term Performance China Equity ETFs 1.1 Price paid $34.90. Price sold $36.63.
HOW WE PREFER TO CLOSE A POSITION IN AN ETF:
- On 3/20/19 we were approaching a 10% profit in this position
- On 3/20/19 I set a 5% trailing stop contingent order to be triggered when we hit a 10% profit
- On 4/5/19 this order was triggered at a price of $38.39
- On 5/7/19 FNI fell in price sharply and our 5% trailing stop found a buyer at $36.63
- We netted 4.95% after the sale was completed (not including dividends received during ownership)
