Looking for entry on move up from $29.30. Chartmills suggests entry at 31.31 with a stop-loss at 25.48. I think I would prefer to have a $1 stop-loss of $28.3 and look for exit around $32 or above, but that runs the risk of stopping out. Will depend on pre-market action to see if I jump in or not.
Ended up buying at 28.75 in the pre-market. Had a good move up in the morning. Got to around 31 before it reversed for the day and closed around 29.88. I had a $1 stop-loss at 27.75 and a limit sell at 32, but neither hit and the order was cancelled. Holding for a long-term swing trade. Hopeful for some action on some Biden policy announcements.
EDIT:
I placed a limit sell of half the position at $50 which hit, but the price kept climbing as I suspected might happen. Placed a trailing stop loss of I believe 5% which hit pretty quickly after the peak was reached. Market flash crash took the price down with it and closed my position for a profit of around $450. May look for reentry if the price drops quite a bit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-11 08:07:20 | SPWR | buy | $28.750 | long |
2021-01-25 09:48:04 | SPWR | sell | $50.000 | long |
2021-01-25 10:40:56 | SPWR | sell | $52.108 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!