I'm continuing the progressive exposure in my position trades account with an initial position in OKTA yesterday. Only a partial position size as has earnings in a few weeks and still in the base.
11 open position trades currently (60% invested 40% cash)
(2021-11-16, 04:39 PM)isatrader Wrote: $OKTA continuing to develop its base ahead of earnings on the 12/1/2021 (AMC). See previous post for weekly Stage Analysis chart and fundamentals https://www.stageanalysis.net/forum/Thre...7#pid18717
isatrader
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.
$ZIM from the watchlist with earnings before the open. Currently gapping +6% in the pre market on positive surprises on EPS and revenue. So above 53 which puts it above the +1x ATR level at the moment. Near term pivot at 55.50
$NEWR from the watchlist popping at the open. So potential for an opening range breakout attempt
Have closed $ASAN for a -5.84% loss as has the look of a UTAD and Test on the intraday.
$AAPL last highlighted on the weekend watchlist with a breakout attempt today in the weak market. So showing strong RS
$ZIM holding above the 50 day MA so far today after its pre market earnings surprise. Weak market, so it is showing good RS
$ONON with a really strong follow through today against the weak market
$DASH pulling back into prior resistance now potential support following the SOS rally from the earnings gap last week. Still in the turbulence zone from the IPO Advance Phase (IPO-AP) high in January.
isatrader
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.
$AFRM with $1.25 billion secondary offering news. So could be a negative catalyst, as is a big offering.
Have taken 1/2 profits in $RBLX for a 39.5% average gain on the partial. Holding the remaining 1/2 position.
Closed out the remaining two swing trades in $ZS (+24% average gain) and $PLTR (-19%). So back to cash in the swing account. But still 49% invested in the positions trades account (10 positions) and 76% invested in the pension account (8 positions).
Make that 9 positions in the position trades account as $TDOC moved sharply below the 28th October significant bar while I was out. So stopped me out for -16% on the initial partial position that I had in that.
$RBLX have raised my stop for the remaining 1/2 under the low the day
So a fair few changes today. Here's the open positions in the position trades acc. $SOFI is getting close to being cut, which would put it about flat on the two recent trades in that as initial trade was +16%. But overall progress being made.
As a few people have asked here's the current open position trades with entries / exits marked up.
$RBLX stopped on the remaining 1/2 position at 123.75 as it's gone green to red today with a parabolic move out above the +3x ATR level from an opening gap. So potential short term BC maybe. +33% average gain which was +6.64% for the account in 7 days.
$SPY $QQQ up on the day, but assuming that's the mega cap effect, as $NVDA especially and $AMZN also up strong. As seeing a lot of red elsewhere at the moment.
isatrader
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.
Only a small selection from the scans tonight. Noticing a number of Upthrust (UT) type moves today and pullbacks in recent leading stocks as well as breakdowns from Significant Bar ranges.
$PANW from the watchlist gapping up 5% pre-market following earnings after hours yesterday.
$MRAM continuing to pullback after the massive Stage 2 breakout last week. I think it's pretty clear where the support if you look at the volume profile.
$SI from the watchlist continuing to consolidate near the highs in Stage 2.
Decided to cut my weakest holding $SOFI going into the weekend as its bounce today has failed to recapture the 21 day EMA.
So decided to take the loss at roughly -6% average over the two partial exits, and still up 10% overall over the two recent trades in it.
$FB continuing to develop above the 50 day MA and moving above the +1x ATR level today
Large Player Effective Volume holding up in the $QQQ
isatrader
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.
