End of Day Wrap Up 03/12/2021
It was a decent Friday, with the expected green morning flipped red towards the end of the day. As expected, there were selloffs heading into the weekend. This is my favorite time to go shopping because Mondays tend to open up green.
The Wall Street Journal published an article at the end of the day about Biden’s $1400 Stimulus Checks hitting bank accounts, so it will be a VERY exciting week as money pours into the market in the coming weeks.
Top 20 Swings
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 – holding.
- SQ – holding.
- BNGO – re-entered at the market open dip, and holding.
- GEVO – re-entered at the market open dip, and holding.
- SOS – closed swing position. Re-entered at the dip and holding.
- SAVA – closed at pre-market. Re-entered at the dip and holding.
- ONTX – holding
- HCMC – holding
- DPW – closed position. Will re-enter at the next big dip.
- SNDL – holding
- OXBR – closed position after hours at the peak. Will re-enter at the next big dip.
- LMFA – holding
- AMC – holding
- OCGN – holding
- NXTD – holding
- MARA – re-entered at pe-market sell off, closed position at the peak, and re-entered at the dip, holding.
- GAXY – holding
- NVAX – closed position during pre-market. Will re-enter at the next big dip.
- RBLX – holding
- SANP – re-entered at the dip, holding for a reversal up.
What I’ll be watching Monday, 03/15/2021
The overall market will most likely open up green in light of news that the stimulus checks have already started to hit bank accounts. I will be watching for sympathy plays to run together, and once I am able to catch those patterns, I’ll make sure to alert. Check out the upcoming week’s Watchlist here.
How to Utilize My Positions List Below
Many ask how to utilize my top 5 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 (03/12/21):
Top 5 Red Positions (03/12/21):
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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