One of the few tech stocks that showed a constructive pattern on the last few days. Still, this tech bear market gets everything. Might reset later and may buy if general market conditions improve.
Trade closed: stop reached:
During many years of bull market, selling on stops might have seen as dumb. The problem is that if you don't sell, eventually, there will come a time on which stocks stop going vertical and then you are going to give back all your wins. You should never judge a trader by how much he wins but by how much of what he makes he gets to keep. You want a sustainable long term system that protects your profits and keeps you close to your equity highs on all type of markets.
Comment:
Stopped out on the very next day. Trading is about using your capital very efficiently, if you are gonna get stopped out, better it be quick so you don't waste any time. Yes, it is frustrating but it was a pilot position and only with less than a tenth of a percent hit to the portfolio. I use this pilot positions for feedback and to keep a pulse on the market. It doesn't matter if we already bottomed on this market, volatility is not good for swing trading and until volatility comes down I won't be aggressively invested. Back to 6.75% overall invested. 4% up for the year and 22%+ Alpha overt the SPX.