Initiating partial position on pullback OPCH
Starting a partial position on pullback (Half Positioning, 500USDs risk). 180@30.19
Stock had a V shaped recovery from January. Its been consolidating since then giving some healthy shakeouts on low volume and thrusts of positive volume.
When a V shaped recovery occurs, the stock normally has to "pay back" that lack of symmetry on the means of time and shakeouts. It the market can recover from this pull back this could be a great stock.
Stop:27.35
Risk: 9.4%
Pivot: 30.00
Risk from Pivot: 8.8%
Stock had a V shaped recovery from January. Its been consolidating since then giving some healthy shakeouts on low volume and thrusts of positive volume.
When a V shaped recovery occurs, the stock normally has to "pay back" that lack of symmetry on the means of time and shakeouts. It the market can recover from this pull back this could be a great stock.
Stop:27.35
Risk: 9.4%
Pivot: 30.00
Risk from Pivot: 8.8%
Comment:
Reduced to quarter positioning(250 USDs risk). Sold at cost so no charge on AVG price. My open positions are reversing and acting worse than the market so "never get bold when your running cold" mantra applies here.
Trade closed manually:
Many of my positions acted very poorly today and been getting stopped out. Had to sell many positions today to finance the hits the portfolio has been taking. Seeing a change of character on breakouts. Only Oil, Gas and Commodities working fine. Exited @29.35