Friday 5 November 2021
A few earnings gaps at the open today from watchlist stocks in $DDOG, $ABNB, $BILL
$BE missed on earnings and opened lower, but attempting to rebound intraday
$LCID testing the high of the significant bar, but still pre-earnings which are coming up on the 11/15/2021
Decided to close the remaining 1/2 in $DDOG at 180.24 following a gap up outside the normal 3xATR range, as not seeing demand intraday for it, so decided to book the gains for now - which is an average gain of 26.80% on the whole position.
Hitting levels in the +1x ATR(21 day) scans not seen since early in the year, with 58% of stocks in the S&P 1500 above their +1x ATR level (i.e. in short term uptrends) while only 7.5% are below their -1x ATR level (i.e in short tern downtrends). So risk is increasing.
$OPEN stopped at cost. Big reaction move yesterday, but failed to commit above the big down bar and sold off gradually today back towards my entry point. So not acting well.
Continued my portfolio trimming today and have taken 1/2 profits in $U, $SNOW and $ZS. So still have 1/2 positions open in each.
$SNOW trimmed 1/2 at 363.38 for a 22.03% gain on the partial, and holding the remaining 1/2 for now.
$U trimmed 1/2 at 151.10 for a 22.46% gain on the partial and holding the remaining 1/2 position.
$ZS trimmed 1/2 at 332.86 for an 18.67% gain on the partial. Holding remaining 1/2 position
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.