Argo Blockchain ($ARB.L / $ARBKF) I took profits on a bit less than 1/3 of the position at 286.5 for a +260.15% gain just after the open today, as decided to be sensible about it, and lock in the entire original position size.
So am free rolling the remaining 2/3 from the entry price of 79.55, so guarantees a +72.85% gain (+18.81% account) if it blows up and pulls back to my original entry price, and takes off some pressure, as is basically a free trade now (although there's still almost 2.5 times my original trade size open). So hopefully I can hold it for a long time potentially, and puts the SIPP account at just over +70% YTD, so hopefully can build on that and get over 100% this year.
Here's the 2 hour chart of the trade so far
(2021-01-29, 11:56 AM)isatrader Wrote: Went long ARB (ARGO Blockchain) this morning in the SIPP at 79.55 following last nights bitcoin miner dominated watchlist. ARB is the only bitcoin miner listed on the LSE, but had superior RS and volume to a lot of the others, and already popped to over 90 this morning as bitcoin started to breakout from the pullback to the 50 day MA. So a promising start on this one, which is a medium to long term hold for me hopefully.
For the watchlist from Mondays scans - CEF, ENBL, GATO, GLD, HL, IRIX, MAG, PAAS, PUMP, RYAAY, SLV
A strong day for the silver miners, as spot gold put in a swing low, and spot silver broke out from its six month Volatility Contraction Pattern (VCP), while growth stocks took a beating with multiple major growth stock leaders from last year closing below their 50 day MA, and near the lows of the day. So a deeper correction in growth stocks looks likely.
For the watchlist from Tuesdays scans - ADBE, AMD, BOX, FSLR, LODE, NET, NVTA, SNAP
A lot of undercut and rally type moves today, as the market collapsed at the open and then spent the day trying to recover. The indexes might have recovered, but a lot of individual stocks couldn't recover the extreme drops that they had at the open, and so a lot of technical damage has been done, which could take a while to repair, or could be the start of a larger pullback even. So remaining cautious and following the relative strength as always.
