Pilot Position to Stay Engaged
Updated
Bought a Quarter Defensive Position (4K, .77% of portfolio) @496.38, Stop @478.14 (-3.67% 150 USDs Risk) just to have a tiny position to stay engaged and on synch with the market. Market making lower lows and this stock is holding.
Still 99%+ in cash.
Still 99%+ in cash.
Trade closed: stop reached
Stopped out after two consecutive closes below the 50 day. Good ods this just undercuts and rallies from here as market is super oversold and trying to bounce but still I like to remain disciplined. Back to 100% cash and waiting for new opportunities on a better market and proper entries. Having less than 1% exposure on the last few days has given me like a 8% alpha over the SP500. Cash and patience are kings on this market.
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