𝙏𝙝𝙚 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙞𝙨 -𝟬.𝟯𝟮% 𝙙𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚 𝙡𝙖𝙨𝙩 𝙬𝙚𝙚𝙠.
𝘿𝙚𝙖𝙧 𝘾𝙤𝙥𝙞𝙚𝙧𝙨, 𝙁𝙤𝙡𝙡𝙤𝙬𝙚𝙧𝙨 𝙖𝙣𝙙 𝙬𝙚𝙡𝙘𝙤𝙢𝙚 𝙣𝙚𝙬 𝘾𝙤𝙥𝙞𝙚𝙧𝙨,
My $SoyMeal.FUT short closed down -3.2%. As a result, the overall portfolio is down -0.32%. I had placed my stop loss on the short above the last high. When prices went above this level it meant that the downtrend was in danger and it was better to close the trade.
The $CARG (Cargurus Inc) trade (long) is still open and performing well. Prices are rising with intraday pullbacks. So far the bears are dominating. I am following the new highs with close SL adjustments. By using this stop-loss strategy we give room for further highs while limiting the downside. Currently this trade is up 13%.
In the attached chart you can see how often I have adjusted the stop loss. At the moment it is so tight that it is likely that the trade will be closed soon. With a reasonable profit.
I am also trading $MREO (Mereo Biopha-Adr) and $DKS (Dicks Sporting Goods Inc) after a rectangle breakout in the long direction. It is important to note that these are short term trades like all my trades (they are not intended to be long term investments). At this point it is too early to interpret the trades, they need more time to find their direction.
Wishing you a good week ahead
BR
Constantin
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