End of Day Wrap Up 03/08/2021
Happy Monday everyone! Today was an amazing GREEN day for my portfolios. Many of my swing positions from Friday opened up super green, and hit my sell targets automatically while I remained focused on GameStop and Tesla.
Top 20 Swings from Last Week
Before some of you freak out about whether you see a ticker on this list, I am holding other positions, these are simply my largest positions. I have 10 accounts, each holding 3-5 different tickers, all automatically set to sell.
- TSLA closed out at my sell limit automatically at $615, and I scalped throughout the day at the big dips. I’ll be looking for re-entry at the next big dip.
- SQ hit my sell limit at $220
- OPTT hit my sell limit at $3.50
- BNGO hit my sell limit at $8.75. I’ll be looking for re-entry at the next big dip.
- CTRM closed out at $0.92
- AHT closed out at $3.10
- GEVO closed out at $8.00. I’ll be looking fo re-entry at the next big dip.
- NVAX – closed out at $185. I’ll be looking for re-entry at the next big dip.
- CLOV – closed out at $8. I’ll be looking for re-entry at the next big dip.
- SOS – closed out at $6.75. Re-added at big dips, holding and accumulating
- SANP – closed out at $0.015. I’ll be looking for re-entry at the next big dip.
- DIS – holding
- SAVA – holding
- ONTX – holding
- HCMC – holding
- DPW – holding
- SNDL – holding
- OXBR – holding
- LMFA – holding
- AMC – holding
GameStop Corp (GME)
Today was yes, you know what I’m going to say…. another good day for GameStop (GME). I am still holding my positions in all my accounts, and adding on big dips as we’ve been forming higher support levels just as I’ve predicted 2 weeks ago. GameStop Corp (GME) continues to move exactly how I’ve expected, which I mentioned in MANY of my previous blog posts. Like I said 2 weeks ago, I only needed GME to hold above $120 last week, this week, I want to see us hold above $145, so closing after hours at $192.20 is fantastic as we went from a consolidation between $115-120 to $135-140 to $175-180 levels. We still need to trigger SSR so we can push this up even higher, so we shall see what this week brings.
Today we hit an intraday high of $210.87. GME closed at $194.50, so tomorrow I’ll be looking to add between $170-175 and $155-160 if shorts dare to come out and play.
As you can see from this 10D 30m chart, we’re continuing to form higher lows. Remember, the hedge funds need our shares desperately so they can dig themselves out of the mess they created. If we can keep the momentum going, by holding and adding at all the big dips, we will easily break new highs in the coming weeks.
What I’ll be watching Tuesday, 03/09/2021
Obviously I’ll be focused on GameStop, AMC, Tesla, and watching bitcoin crypto plays. Remember to be proactive, and keep your plays small. Compound your gains so you can slowly rebuild your accounts if you had a rough month. As always, I send you positive vibes!
How to Utilize My Positions List Below
Many ask how to utilize my top 10 green/red position lists below. Oftentimes, I will exit my green swing positions if it looks like there will be no continuation. My decision varies depending on what my cost price is. It’s all about managing risks, and if it looks like I’ll be in a position where, I’ll be down, I won’t hold, and will choose to reposition myself by accumulating dips on red days over a period of time until it’s ready for the next run.
To Buy On Green Days or Not
I will add to my green positions on green days only if it’s moving in the direction I like and forming higher lows, and showing a bullish chart. I make sure to scale when adding, especially on green days, because it can go south quickly.
To Buy on Red Days or Not
I will almost always accumulate my red positions because they usually move back up, unless it’s a clear pump and dump, which I will never swing because it’s too risky. If there are sharp spikes and a quick drop down, then it’s a clear pump and dump. If the chart slowly drops in price throughout the day, then that’s usually people taking profits. To make the call on re-entering or accumulating, I look at the 5D, 10D, 30D, 90D, 180D charts and I monitor the volume. I love adding when there’s little to no volume when setting up long swings.
Top 5 Green Positions (03/08/21):
Top 5 Red Positions (03/08/21):
I monitor Market Movers every single day to scan for new setups. I mainly look for positions with unusual volume that are at the bottom, ready for a reversal back up, or if they remain green, I look for a bullish chart for a continuation.
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Disclaimer : This should not be considered investment advice, and should not be used to make investment decisions. Do not buy or sell any stock without conducting your own due diligence. Information on eyelovegains.com is opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts and data provided here are not meant for investment purposes and only serve as examples. We are not liable for any losses you may endure from the buying and selling of stocks or securities within your accounts.