Shared by
walden
Swing trade. I love swing trade ARCH, every time I made money. I think 130 a good entry point. Brought twice at 131 and 130 level on 14 July. I go in cautiously as the stock very weak when I was buying. This is not a day trade as this takes time. It did drop to 129 at one point, but on 15 July I am able to get out at 137-139 level. Final exit on 18 July at 145.6 almost made 10%.
What I did Right: I understand ARCH fundamental quite well. The capital return program gives me confidence to hold the stock overnight.
What I did Wrong: Not buying big despite I made money on ARCH for more than 4 times doing swing trade.
Where I could improve: Bigger position, but scale in. I tend to do risk control and cut stock with daily swing back up, so I should buy more in the first place. 2.5X PE.
Trade grade: C
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-14 10:12:11 | ARCH | buy | $131.450 | long |
| 2022-07-14 10:55:13 | ARCH | buy | $130.680 | long |
| 2022-07-14 14:09:04 | ARCH | sell | $134.280 | long |
| 2022-07-15 09:35:06 | ARCH | buy | $139.970 | long |
| 2022-07-15 09:59:15 | ARCH | sell | $137.120 | long |
| 2022-07-15 10:10:47 | ARCH | sell | $138.050 | long |
| 2022-07-15 10:16:52 | ARCH | sell | $139.280 | long |
| 2022-07-18 09:34:12 | ARCH | sell | $145.685 | 0 |
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