PYPL 1x, FFIV stopped

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Last night PYPL gaped after hours on an earnings beat and I sold half my position through a limit at $47.00. I will now raise stop to break even.

Unfortunately, earnings weren’t as kind to FFIV which is gaping lower today and trading below my $130.00 stop. I have gone ahead and taken the stop here. It’s worth it to mention that the weekly, longer term chart here still looks just fine and this may end up being a bad sale. With that being said, I want to make sure I exercise discipline and follow my trading plan regardless.

FFIV – 50 – $128.94

 

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GS 1x

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GS was initially taken in October at $170 and hit 1x on November 9th. Last week when the company got clubbed after earnings, the drop found footing right at a longer term trend line, allowing for me to increase shares and establish a new trade. See alert HERE.  Since already having such a large gain, booking some profits, I was confident in the risk reward of buying weakness and increasing my size. Today, while teaching my morning class, the stock hit its adjusted 1x where a limit sale was waiting. I was able to sell 1/2 of my shares at $228.94 and will now adjust my stop to break/even in the entire trade. This has been a great example of successful trade management.

 

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INTC added

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As most know, INTC is one of my favorite longer term charts. Today it looks as if this name is finally going to break out. I’ve gone ahead and added shares creating a new basis of 36.85 and a new stop at 34.60. I added 240 shares bringing the total to 420 for a new risk of $945 per share.

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GDDY hits 1x

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GDDY has been a good lesson in trade management. I recently added to this name, seeking to increase my risk / exposure to some of the better setups in the portfolio. This is paying off as GDDY has hit 1x today. I have gone ahead and sold half the position and raised my stop to break even. More on the previous alerts for GDDY HERE. 

As a side note, the portfolio is now approaching a 30% return since November. All trades have been posted with exceptional detail. I hope you are finding as much value in this as I am in doing it. It has been an excellent measure of discipline.

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