Sold or was stopped out of many position last few days I mentioned $CAVA, so here is the summary of that
I only made 5.43% since August 2024, no doubt greatly underperforming the S&P. In review, my main lesson from post analysis is that I did not sell when it sliced below the 50dma on 12/9/24. This is obvious in retrospect, but I have done this more than once. My lesson is to remind myself that I can always buy it all back if it moves above the 50dma on strong volume. I do have great faith in this stock and this company in the future, but if I buy with IBD rules, I must sell with those rules. If it tanks on earnings next week, I will probably buy some in a long-term account and just lock it away. Then I can be less emotional if I buy it with IBD rules in the future.
I bought $RDDT after it moved out of what I took as the “spirit” of a flat base. I drew in those two red dashed lines as a stop loss reminder, but I did not have a hard stop loss. I failed to follow my plan and lost more than I needed to. In fact, if I had stopped out on that first line, I would have been positive on the trade.
I made a good decision on $IBKR. After hearing Alli talk about taking partial cuts a couple times, I decided to sell 25% and lock in 13.33% profit on my youngest shares. Up 50% on remaining shares.
I sold $APP with a stop loss (finally started to use some, in last day or so). Should have set it for just below the low of the big gap up day, but went a little lower, so made less money.
For $DAVE, I set stop loss below 21dma. Normally, I would not want to sell that fast, but in this market I thought I better make that the spot. Plus, that got me out at a 6.54% loss, to keep me within the IBD loss rule.
I have some worse results I will try to post later.
