I bought NBL on February 1st looking for follow through after some decent consolidation. The bottoming pattern was attractive and the MAs were in line. See alert HERE. The trade did not work and I have gotten stopped out with no slippage.
Sold – 225 – $36.76
Loss – $605.25
SQ has been a good one having already hit 1x in early December. (Trade progression here) Today the stock is running and looks to want to break free from the recent consolidation. With a stop below the recent pivot ($13.80) I’m adding shares here as if the trade is a new trade. (Please be advised, the stock is set to report earnings after the bell and I’m sure there will be quite a bit of volatility after the report). Assuming an entry of $15.20 and a stop of $13.80 the risk of $1.40 would warrant approximately 428 shares in order to risk a total of $600. Since I already have 138 shares I’m adding a total of 290 shares.
Added 290 shares : $15.15
Stop on all shares $13.80
Click to enlarge
I’ve traded LPI and was stopped out before a break. The setup is very appealing to me and I’m re-entering here with a stop at $12.75
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MRVL was first added to the portfolio in January HERE. Today the stock has hit 1x and I have sold 1/2 and raised stop to break even.Read More