Adding to FANG

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FANG has broken out and is pulling back. This stock has been one that has required incredible patience. I do believe the setup is telling us it is a winner however in due time. Initially I started the position back in October HERE. Today I’m doubling my shares bringing my adjusted basis to 105.82. I’m raising stop to $95 which gives me an adjusted risk on all shares of $541.00.

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JIVE remount

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I’ve already traded JIVE and was stopped out on the recent drop. See posts HERE.¬† ¬†After the company EPS the stock broke higher and is now consolidating looking like it wants to finally say goodbye to this low level consolidation. Furthermore, unlike the last time I traded the stock, the MAs are in proper alignment.

Entry: 4.23
Stop: 3.60
Shares: 950
Risk: $598.50

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Deposit

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I have gone ahead and deposited an additional $25k into this account per my earlier discussions. This will not change my general return calculations and my current risk per trade will remain at $600.00

Return per 1k
$100,000.00 Weekly Monthly YTD Inception
$99,190.00 -0.81%
$106,659.01 7.53%
$109,890.77 3.03%
$112,528.15 2.40%
$113,608.42 0.96% 13.61% 13.61% 13.61%
$113,108.55 -0.44%
$116,671.47 3.15%
$115,178.07 -1.28%
$115,984.32 0.70%
$114,812.88 -1.01% 1.06% 14.81% 14.81%
$117,430.42 2.28% 2.28% 17.43%
$119,710.80 1.94% 4.27% 19.71%
$120,090.06 0.32% 4.60% 20.09%
$122,688.90 2.16% 6.86% 22.69%
$120,186.49 -2.04% 4.68% 4.68% 20.19%
$121,386.93 1.00% 5.73% 21.39%
$120,337.20 -0.86% 4.81% 20.34%

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EMKR 1x

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EMKR has hit 1x where I have sold half my shares. I have moved my stop to break even. Original alert HERE.

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