Zscaler ZS is sitting on its 50sma.
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Sold out of QBTS it hit my stop and sold my CRDO again I just didn’t like the way it looked for a small loss.
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I like ZS, but for all these on the 50dma, I would want to see a nice move up before buying.
I had to sell ROAD due to IBD loss rule (I lost 9%, ugh). It was a 1/4 position. Bought 1/2 position of AEM, breaking out on +73% vol. However it is a stage 4 base, so more likely to fail. WPM also breakout out on 100% vol. It was mentioned in the video last night.
I sold my CRCL, RGTI, SBET a few days go after they quickly turned south on me. Overall losses, but not bad on small positions.
Waiting to see how my 1/4 position in ALAB plays out after dipping below yesterday’s buy point. Would like the opportunity to add on strength coming off weakness.
Decided to take profits on MNTN on today’s dip, too many meme stocks dipping. I am looking for it to build a handle on this IPO base so I can buy it on a breakout.
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My biggest problem is not taking a little off of my winners. I want to hit a home run. So I tried taking it all off with CRDO and it kept running. Well With LIF I removed half. What I am hoping for is either it drops to the 21ema or it allows it to catch up so I can add it back on. Here is the daily.
Here is the weekly, notice how it follows the 4ema on the weekly and waits for the 10sma to catch up.
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Sounds like a good plan. It is extended from the 21dma. You may also get an add point without it going that far, but easier to act on a 21dma bounce
I picked up a bit of IBRK on this upside reversal after coming off highs.
Corning GLW breaking out on +159% volume. Fiber for the datacenter.
Ok, I just bought 1/4 position in GLW, but pretty much out of cash.
I had a 10% trailing stop on RBLX for about 20% of my position. It went below the stop loss by $1 and has bounced back, but I am happy with the discipline of setting a reasonable stop. I have a hard stop around $99 if a disaster occurs. Might move that up later. Up over 50% since buying in May, so this was probably my best IBD buy of the year.
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I have a full position on RBLX but I sold a few yesterday to remove some of the risk but I am down on the full position about 2.6%. I sold some yesterday and its up today but ah well.
Bought COF today as it popped up over the 21ema and off of a 3 day tight. It came back down but I am only down about .8 percent. I like this company and stock it looks good fundamentally.
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Cramer loves COF, I have been watching it. But, I am bothered by that bad downside reversal. I think I would ditch it and look for something stronger.
I sold the rest of my trading position in ZS as it is below 50dma. About 28% profit. These were all shares picked up after the April sell-off and subsequent FTD.
SPOT avoided my stop loss by bouncing today. Worried about RMBS below 21dma, but UBER is making a positive move and AEM had an upside reversal that will let me add to it.
Just sold my trading shares in NOW. It had a nice pop on earnings, but then reversed down below 50dma. Bad sign of weakness.
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That doesn’t bother be because it is still above the 21EMA, if it drops below the 21EMA than I would be worried.
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Chaikin Power gauge has Very Bullish rating for COF
I have been watching SEIC to get in, and today’s big upside reversal off 50dma to end above 21dma was the opportunity, but I missed it. Plan to buy in morning.
It almost hit my stop today. I thought it was going to go up today. I don’t know Pete, but I might get stopped out tomorrow.
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Andy, did it get you? I hate it when it eats my stop like pacman and then powers up again.
LIF is great! But I don’t hold.
GLXY is a star, do you still have it?
MNTN might be building a handle for a breakout. I bailed with a nice little profit but am watching for the big breakout.
SEZL may be back
Missed SOFI
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Yes Cof stopped me out but I do have Lif and GLXY still. I should have picked up Sezl as it came off the 50, but I was a little worried. That has to be a lesson. Keep an eye on Dave it looks like it is Getting ready to go.
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How to NOT trade stocks…
GEV is a true market leading, and I got in it at a good time. You can see I started buying around $314 as is found support at the 50dma. It peaked at $447 and was crushed by deep-seek day. I was not sure if deep-seek was a real threat so held, but after it reclaimed the 50dma and the lost it I sold. That was not really a mistake.
After the April “crash” I could have bought it after it moved above the 50dma, but did not, I don’t remember why. But I did buy on the breakout in May.
My notes show that I was worried that it went back to the 21dma, but it did not go below. Selling here at 21dma support was a mistake. My notes promised myself I could buy back if the 21 holds, which it immediately did and then had a strong bounce off the 21dma. I failed to follow my advice and that was a huge mistake. That was a sign of strength in a very strong stock and I have missed out on at least a 30% gain and no place in sight to get back in.
Lesson Learned: I knew the right thing to do was buy back on a sign of strength, but I did not. I made that note in a calm state and then refused to follow it. Stick to the plan!
Hope someone learns from my mistakes, maybe it will be me.
)
Post Earnings notes
7/24/25: Analysist that raised price target: “has an industry-leading position in natural gas turbines and nuclear” with its exposure to small modular reactors, or SMRs, and that both energy sources are “favored by us to solve the near-, medium- and long-term energy demand problem.”
CEO “We are at the beginning of an investment supercycle into more reliable baseload power, grid infrastructure and decarbonization solutions,” Strazik said in the release. “Our near-term results are improving, but more importantly, our long-term potential is accelerating faster.”
Supercycles must be invested in! Find a way to get into this and other power stocks.
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I would ask, and I have been asking myself this a lot lately, what kind of investor are you? A day trader, a position trader, or an investor. I watched webby’s WRO # 30 JDSU this weekend and It opened my eyes. I don’t think, after getting a cushion, I will be looking at the 21 EMA. It will be the 10sma on the weekly charts that I will be watching and the stock will have to drop and hold below it before I sell. I consider myself a position trader though and want to hold for longer times.
By the way I have been thinking about Quill’s method and I think we could get it to work if we were day traders. We would just have to come up with some rules but I do not want to trade that fast. But I have no doubt it would make a great base for a fine system.
Andy, I do consider myself a position trader, but I am also willing to give up on a stock that is doing nothing if I think there are better uses for my money. In this cash, selling at the 21dma was a big mistake. Maybe if it had sliced below on volume, that would have been a correct decision to sell, but that is not what happened.
I do find it hard to hold on to some positions for long enough and I need to examine that more.
To be fair to myself, I have the following old IBD positions still on…
SE 8/13/24
HWM 4/24/25
UBER 4/24/25
JBL 6/3/25
IBIT 6/9/25
ORCL 6/12/25
AMD 6/16/25
TOST 6/24/25
(any thing newer than a month is not “old”)
In MF accounts using IBD triggers to trade on/around core positions
SPOT 8/13/24
PLTR 4/15/25
RBLX 5/12/25
I have added to all the above at different times after the breakouts and/or on multiple days of the breakouts.
But, like GEV, there are some stocks I really did not need to sell that went on to make it big. Buy that is life.
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AGX was mentioned in the video. Excellent stock for the watchlist. Benefiting from the AI datacenter super-cycle. Could breakout with earnings news from the Mag-7.
Strong earnings growth, but sales as starting to grow slower each Q, but still strong.
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Now how did you hold that through the drop in April? What was your rationale on that?
Agree and that is what I am looking at too.
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Andy, the shares of SE I bought around the FTD in August had a big profit margin going into April and the April lows did not undercut that. I sold plenty of other stuff, but felt good about this.
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Stocks to watch today: AGX, BWTX, DASH, CME
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