AMPH, another pilot buy
Updated
Buy point: 35.20
Stop: 33.25
Risk:5.5%
Avg Cost: 35.8
I was late to the trade so couldn't fill up my full defensive position. (111.25 Shares, 283.7 USD Risk)
Im now 8% invested on 6 pilot positions.
Stop: 33.25
Risk:5.5%
Avg Cost: 35.8
I was late to the trade so couldn't fill up my full defensive position. (111.25 Shares, 283.7 USD Risk)
Im now 8% invested on 6 pilot positions.
Comment
Just Sold half of my position with an 8.7% profit. This finances my risk for a longer move from here. Market has been working fine. Maybe 4-5% upside still on SPX thinking of a bear market rally until it finds resistance on the 50 day.Comment
Bumped position on the am 102@39.35 then sold half the position @ 73@40.83, new stop @ 33.40Trade closed manually
Many of my positions acted very poorly today and been getting stopped out. Had to sell many positions today to finance the hits the portfolio has been taking. Exited @40.88Comment
One thing that I've learned about my style of trading is that when you see breakouts start to fail or squat, the market is becoming more risk off, bids will stop for stocks making new highs and your probabilities of getting stopped increase by a lot. Better to take profits and wait for a less volatile market. Even if i buy this stock later on a higher price, I prefer that price if my odds of making money are better.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.