I'm a little nervous about this one - LONG QRVO at 83.02
The 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
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.
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
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.
Note
It's still a buy and cheaper than it was yesterday, so I added another lot today at 81.78. Important note - all additional lots are equal DOLLAR amounts, not equal numbers of shares, necessarily.
Lots currently held:
Lot 1 - 83.02
Lot 2 - 81.78
Note
Sold lot 2 for a rather uninspiring 81.88 - a 0.16% gain in 1 trading day. Still, that gain is almost 4x the average daily return of the S&P. Average that for a year and nobody's complaining. I know I'm certainly not.
Lots still held:
Lot 1 - 83.02
Note
Added lot 3 today for 78.96 before the close. Looks like I was right to be a little worried about this particular trade. It's not like they said business was falling apart, though, so I think this gap might be a little overdone. But nobody ever made money telling the market what to do. I just stick to the plan and will have to likely wait this out a longer than I had hoped.
Lots held:
Lot 1 - 83.02
Lot 3 - 78.96
Note
Added lot 4 at 77.00 even.
Lots held:
Lot 1 - 83.02
Lot 3 - 78.96
Lot 4 - 77.00
Note
Sold lot 4 at the close for 77.26 for a .34% gain in 1 trading day.
Lots held:
Lot 1 - 83.02
Lot 3- 78.96
Note
Added another lot today at 76.67 just before the close. It's the 5th one in total (including ones sold), so that's why I'm labeling it Lot 5.
Lots held:
Lot 1 - 83.02
Lot 3- 78.96
Lot 5 - 76.67
Trade active
Closed lot 5 at 76.94 for a gain of 0.35% in one day. Was up over 1% with less than an hour left in the trading day. Rules are rules, though.
Lots held:
Lot 1 - 83.02
Lot 3- 78.96
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.
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.