Examples
TQQQ +15% 12/7/22 - 12/13/22
12/7/22 - TQQQ in a buy range from 20 to 21. Be aware, starting with small size is the way to go here so you can average down. Overall market sentiment and the large gaps between support to the downside mean this may be a battle. Waiting for a better entry is never a bad thing to lower risk.
12/8/22 - TQQQ is currently sitting back at support. We want this $21 dollar area to hold to propel the stock upward. Depending on how aggressive your strategy is, this may be a loading zone for some to add more but I would recommend patience until it confirms the level.
12/9/22 - TQQQ broke through the 21.40 area. Depending on the entry, positions should be up around 4% which is not a bad place to start looking at profit taking. Still would really like to see this at least hit the $22.87 area.
12/10/22 - If TQQQ continues to trade in this channel, we likely won't take profit until around 10% gains! If the trade reverses to the short size, we will let you know.
12/13/22 - An amazing trade on TQQQ. Everyone should have taken profits as that was nearly a 15% gain on almost any entry. What a day!
HIBB +11% 12/6/22 - 12/19/22
12/7/22 - Not surprising after that larger move yesterday. HIBB back up to the 66.50 range which is our add on point to the short side.
12/7/22 - HIBB continues upwards, may possibly give another entry for a potential 3rd buy in around 69.60. This stock typically takes a few days after dividends to drop, just waiting to see how far it goes. Patience is key, especially when there is a massive 40% gap between the recent highs and lows.
12/11/22 - HIBB has fought it's way up to almost previous highs, that will be our last add on point before waiting for the eventual drop around $70 dollars.
12/12/22 - HIBB broke down below our break even point in the 66.70 range to show us some potential profits. But we are long term on this one and expect to see a major drop in the next few days. Keep an eye on this one, you can still enter short anywhere above 66.50 and have a lot of potential for profit.
12/19/22 - HIBB gave an exit signal at 64.50. We will cover some of our position here for a nice profit.
12/20/22 - HIBB is so close to giving us 10% on our remaining shares
12/20/22 - HIBB at 11% profit!