Thursday 4 November 2021
$BIRD new IPO for the watchlist. Traded over 38million on its first day and closed in the upper part of the price bar with a 92.60% move from the IPO price. So will be watching how the initial IPO base develops in the coming weeks.
$BKKT has gotten tight again intraday the last few days. Watching for a continuation attempt
$FSLY discussed in last nights members video. Gapping up to the top of the range following earnings, so potentially in Phase D of the base structure, but running into resistance zone with the 200 day MA and top of the range currently.
$QS from the watchlist continuing to make progress in the near term as it comes out of the base structure and today is attempting to regain the 200 day MA. So potentially in Phase D with a sign of strength rally attempt currently.
I decided to close out remain 1/3 position in $ASAN at 132.14 for an average gain of +57.42% on the whole position which I held for almost two months from the last earnings gap day.
I've exited my swing trade in $SOFI at 23.11 for a +16.25% gain. I still like the stock, but didn't want to hold it through earnings next week, so will see what happens after earnings & consider re-entering at a later date.
Closed $UPST flat (+0.21%) as looks vulnerable and earnings coming up 11/9/2021 (AMC). So no cushion.
$DDOG has earnings tonight so I have sold 1/2 of my position at 167.92 for a +22.31% gain on the partial to lock in some gains give it some more cushion. Holding the other 1/2 position through earnings as still in strong Stage 2 advance currently, but I'm de-risking a bit today.
(2021-11-03, 02:10 PM)isatrader Wrote: Took a small 6% position in $OPEN in the position trading account today at 21.75
$OPEN rebounding strongly today so far, so a good start to the trade. But the key is how it closes today.
$NVDA looks like a potential Buying Climax (BC) today with the largest volume and acceleration in momentum to parabolic which has blown out of the daily and weekly normal ATR ranges. Shame I missed todays move with selling my position yesterday, but is the way it goes in trading.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.