Partial Profits taken on ARB trade
Argo Blockchain ($ARB.L / $ARBKF) I took profits on a bit less than 1/3 of the position at 286.5 for a +260.15% gain just after the open today, as decided to be sensible about it, and lock in the entire original position size.
So am free rolling the remaining 2/3 from the entry price of 79.55, so guarantees a +72.85% gain (+18.81% account) if it blows up and pulls back to my original entry price, and takes off some pressure, as is basically a free trade now (although there's still almost 2.5 times my original trade size open). So hopefully I can hold it for a long time potentially, and puts the SIPP account at just over +70% YTD, so hopefully can build on that and get over 100% this year.
Here's the 2 hour chart of the trade so far
(2021-01-29, 11:56 AM)isatrader Wrote: Went long ARB (ARGO Blockchain) this morning in the SIPP at 79.55 following last nights bitcoin miner dominated watchlist. ARB is the only bitcoin miner listed on the LSE, but had superior RS and volume to a lot of the others, and already popped to over 90 this morning as bitcoin started to breakout from the pullback to the 50 day MA. So a promising start on this one, which is a medium to long term hold for me hopefully.
https://twitter.com/stageanalysis/status...33249?s=20
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.