Good Morning Trading Fam,
Thought I’d send out a quick update on our first shorts of our public portfolio.
First, let’s start with the one long position I was still in, CTSH. I sold this today for about 7% profit due to receiving a second SELL signal from my indicator and dropping from an important trendline I had spotted. Thought it better to capture any profit I had while it was still there.
That leaves only two positions open in our portfolio. Both are shorts. Let’s start with TSLA.
I bought back some of my TSLA short due to tagging that RED trendline seen in the chart above. Traded exactly at the touch and lowered my stops, capturing over 13% profit and ensuring we won’t lose on our first-ever short trade since introducing my indicator. This is great as I was nervous about how well my indicator would work in the opposite direction.
My other short on Palantir is also well in the profit. I almost pulled the trigger to trade out half since we are now halfway to our final target. However, I decided against it and instead simply lowered my stops to break even, ensuring we won’t lose on this trade either.
Two shorts. Both well in the profit. This is a very good sign that my indicator will work in both directions. Thus, whether in and uptrend, or in a downtrend, we can be sure we’ll profit. And that is exactly what I am after!
We will have now nearly tripled (pending exits) my public stock portfolio since introducing my indicator just over a year ago. Though, I knew I had something remarkable here, I never expected this type of success. Congrats to all those following me in these free and open trades. View the tracker below for more details and history on all of our trades since following my indicator.
✌️Stew