KSU!
That was a serious gap up right there. We were in the right place at the right time on that one. For my stock trades, I typically set my profit target in such a way that my account balance goes up about 1% if the profit target gets hit. Well with KSU, my account value went up 3.3% due to the gap up. The price went up way beyond my profit target.
By the way, a note about my approach in situations like this. When I see that the ticker has gapped way up before the market opens, I just stick to my normal plan. I leave my profit exit and stoploss in place, and I let things automatically work themselves out. That's what happened in the back test, and therefore that's how I operate the trade. It's hands-off and rules-based. It saves me time and makes it easier to manage any emotional aspect of trading. So that's what I did this morning, and my profit exit got filled automatically right when the market opened. It was a limit order for 267.81, but since the price was so much higher at open, it automatically filled for 292.00.
Who else got a bundle of profit from KSU? I heard from a number of people this morning already. If you feel like sharing, I'd enjoy hearing about it.
I picked up FB and EBAY this morning. Some big name companies are setting up for this pullback trade today.