While I agree, but I decided to sell HIMS at a 1.1% loss as it fell below the 50dma. Given the unexpected rotation action today, I decided to have the cash instead of the stock.
I did buy RMBS as it broke into buy zone on nice strength. I had bought the first 1/2 position on first break into the zone, but this one is better and counter to a lot of the position trades I own.
I sold my very recent position in AVAV as it announced new share issuance after this huge gap up after earnings. I still have a larger core position (non-trade) at about 100% profit.
CRDO triggered the stop loss, sold, went a little farther down, but is now above the sell point. That is what stop losses are for, get you out on a decision that was made with logic and not emotion. 9.82% profit.
Also sold BROS this morning at about 11% loss. Should have sold at 7-8% loss, I used the “hope strategy”, which I keep hearing is not a strategy
I bought it at the top of the buy zone on a good breakout. If I had used a buy-stop, I would have been in lows and only lost about 7% at this point. One could also argue that the downside reversal on the breakout day was a very bad sign and I should have been more diligent in being willing to sell. It already telling my I was probably wrong. And it kept telling me, but I did not listen.
A lot of my position trades are finding support at 21dma, but that does not make me feel great. AXON, SPOT, HWM, MELI, TOST, NET, NOW
Some interesting stocks today: ORCL, RMBS, TTD, SBUX, CMG,
MDY, IWM (midcap, small cap) are up nice, confirming some kind of rotation is going on. I have UNH and UPS in my dividend collection and they are up surprisingly well today.