Swing trades update
I made a few changes today in my swing trades, as I exited the AMZN trade at 3097.00 for a minor -0.75% loss (-0.15% account). My buy stop triggered at +2% in $SONO at 21.56, so I got up to a full 18% position. But I didn't like the price action through the day, so decided to take a quick exit at 21.03 bid, which is -0.24% (-0.04% account).
The $TSLA trade continues to work, and I took another 1/3 profits in $TSLA at 524.64 bid (+16.89%).The remaining 1/3 is still open with average price of 451.81 and I moved the stop loss to protect a +10% gain at 496.99, so the worst it can do now, baring a gap down through the stop is a +12.02% average gain, which would be a +2.22% gain for the account. So pleased with the quick trade in this, as only entered on Nov 17.
The freed up cash allowed me to re-enter $NNOX at 39.50 ask (2/3 position - 12% size), which was quickly added to via buy stop at +2%. Filled at 40.39 ask (1/3 position), which takes the position up to full size (18%) at an average cost of 39.80.
This moved quickly today, so am already out of 1/3 at +10% profit, and the stop loss is at breakeven now. So the remaining 2/3 position (12% size) remains open. Here's my tweets on it throughout the day: https://twitter.com/stageanalysis/status...35112?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.