I'm a little nervous about this one - LONG QRVO at 83.02The chart is a mess. There's really no support close by after the big post earnings pop. 5 red candles in 6 days. Trump tariffs taking effect this weekend...nobody in their right mind should take this trade. So why did I?
A) I literally have only JNPR in my portfolio when it comes to tech, so I am underrepresented in the space.
B) anyone who follows me already knows what I'm about to say... my algo made me do it. 295-2 with an average gain of 1.93% in an average of 13 trading days (.15%/day - about 3.5x the average return of the market). It has had some rough trades in the last year (long holds and more lots of capital committed than I'd like), but this is a probability game for me, so I'm hoping it'll go as smoothly as my other trades have lately. I'm prepared for that not to be the case, though. I don't like what the market did today and I think it could be a bumpy ride next week. I may regret not just leaving this money in AMEX:BIL over the weekend, but that's the trading life. Wish me luck.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.