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I think you're probably right to take profits here. The trend seems really unsustainable right now, and I think we are due for another big swing to the downside. There's just too much pressure from the poor earnings bound to come out over the next few months to keep the bubble up any longer, imo.
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I’m watching closely, Jiesen. You’re right, though, we are way overdue for a big correction.Originally posted by jiesen View PostComment
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I sold off the last of my positions. I’m completely flat in the market. Gotta run somewhere, but I’ll update later.Comment
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Round 4 Final Results
Well, as per my previous post, I am completely flat and ready for a complete reset. I started pulling the trigger yesterday and then early today, I decided to close the rest. It was painful to see so much profit evaporate over the last two days, but I can’t be too unhappy. I still netted a 9.78% return on principal (the total amount available for investment) in just a hair over 3 months. My average gain per position was a decent 14.36%. I’ve had a good year, and I’m look to do more still, but I am wary of the market right now. A major correction is overdue. My individual trades are documented below.
NOTE: This will be my last post of individual trades and positions, i.e. there will be no Round 5 list of trades. I may still occasionally post some trading ideas, but I will no longer post the kinds of detail I was previously posting. I’ll probably keep up with the weekly market sentiment and I will keep up the PotY standings. Good luck and good trading.
Round 4 Start Date 6/1/2020 End Date 9/4/2020 Max Open Positions65 StockDatePurchase PricePosition SizeDate ClosedCurrent or Closing Price% Gain/Loss on Trade% Gain/Loss on Principal
Closed Positions
AAPL (4:1 Split) 08/17/2020 $115.06 1 09/04/2020 $122.27 6.27% 0.0964% ABMD 07/29/2020 $297.26 1 09/04/2020 $291.32 -2.00% -0.0307% ANET 07/02/2020 $210.32 1 09/04/2020 $216.25 2.82% 0.0434% APPN 07/01/2020 $50.95 1 09/04/2020 $59.53 16.84% 0.2591% AYX 07/21/2020 $162.30 1 08/24/2020 $112.20 -30.87% -0.4749% BRK/B 06/03/2020 $189.12 1 06/11/2020 $184.22 -2.59% -0.0399%
07/23/2020 $191.81 0.5 09/04/2020 $220.72 15.07% 0.1159% CGNX 07/09/2020 $61.48 0.5 09/03/2020 $68.67 11.69% 0.0900% CRSP 08/03/2020 $86.60 1 09/03/2020 $88.92 2.68% 0.0412% CRWD 07/24/2020 $99.41 1 09/03/2020 $133.34 34.13% 0.5251% DDOG 07/30/2020 $90.59 1 09/04/2020 $79.18 -12.60% -0.1938% DOCU 07/17/2020 $191.30 1 09/03/2020 $244.20 27.65% 0.4254% EBS 07/30/2020 $93.42 0.5 09/03/2020 $109.98 17.73% 0.1364% EDIT 07/01/2020 $29.93 1 09/03/2020 $33.86 13.13% 0.2020% EEFT 06/01/2020 $95.24 1 06/11/2020 $104.46 9.68% 0.1489%
06/30/2020 $93.84 0.5 09/04/2020 $98.35 4.81% 0.0370% ESTC 06/15/2020 $82.23 1 09/04/2020 $103.19 25.49% 0.3921% ETSY 07/27/2020 $102.65 1 09/03/2020 $117.82 14.78% 0.2274% EXPI 07/20/2020 $16.90 0.5 09/03/2020 $41.86 147.69% 1.1361% FLGT 07/27/2020 $20.04 1 09/04/2020 $30.62 52.79% 0.8122% FSLY 07/24/2020 $77.77 1 09/03/2020 $84.04 8.06% 0.1240% GH 07/06/2020 $83.90 1 09/04/2020 $91.53 9.09% 0.1399% HCAT 07/24/2020 $35.79 0.5 09/04/2020 $32.74 -8.52% -0.0656% INSP 07/01/2020 $87.56 0.5 09/04/2020 $119.34 36.30% 0.2792% IPOB 07/20/2020 $11.95 0.5 09/04/2020 $11.81 -1.17% -0.0090% KNSL 08/26/2020 $204.08 1 09/04/2020 $199.70 -2.15% -0.0330% MDB 06/16/2020 $200.33 1 09/03/2020 $234.52 17.07% 0.2626% MDLA 07/30/2020 $29.77 0.5 09/03/2020 $36.41 22.30% 0.1716% MELI 07/24/2020 $971.47 1 09/03/2020 $1,127.08 16.02% 0.2464% MGNI 06/01/2020 $6.34 1 09/04/2020 $7.11 12.15% 0.1868% MRNA 07/09/2020 $62.31 1 09/04/2020 $64.18 3.00% 0.0462% MTCH 07/07/2020 $92.54 1 09/04/2020 $108.39 17.13% 0.2635% NET 07/17/2020 $35.65 0.5 09/03/2020 $36.98 3.73% 0.0287% NNOX 08/24/2020 $24.35 0.5 09/04/2020 $37.85 55.44% 0.4265% NTNX 06/01/2020 $23.97 1 06/11/2020 $22.38 -6.63% -0.1021% NVCR 07/28/2020 $67.15 0.5 09/04/2020 $81.12 20.80% 0.1600% NVDA 08/03/2020 $431.44 1 09/03/2020 $540.78 25.34% 0.3899% NVTA 06/01/2020 $16.89 1 06/11/2020 $16.44 -2.66% -0.0410%
06/25/2020 $26.98 1 09/04/2020 $33.28 23.35% 0.3592% OKTA 07/24/2020 $204.36 1 09/04/2020 $206.48 1.04% 0.0160% OLED 07/28/2020 $159.81 0.5 09/04/2020 $171.83 7.52% 0.0579% PANW 08/03/2020 $253.85 0.5 09/03/2020 $252.21 -0.65% -0.0050% PI 08/03/2020 $23.66 0.5 09/04/2020 $25.44 7.52% 0.0579% PING 07/01/2020 $32.13 0.5 09/01/2020 $35.61 10.83% 0.0833% QDEL 06/25/2020 $200.88 0.5 09/04/2020 $156.99 -21.85% -0.1681% RDFN 07/15/2020 $36.98 1 09/04/2020 $46.27 25.12% 0.3865% REGN 07/27/2020 $620.40 0.5 09/03/2020 $587.40 -5.32% -0.0409% RGEN 06/30/2020 $120.29 1 09/04/2020 $146.24 21.57% 0.3319% RVLV 07/16/2020 $16.04 0.5 09/04/2020 $20.73 29.24% 0.2249% SDGR 07/24/2020 $76.06 1 08/04/2020 $75.23 -1.09% -0.0168% SFIX 07/01/2020 $25.67 1 09/04/2020 $26.01 1.32% 0.0204% SMAR 06/16/2020 $47.62 1 09/03/2020 $54.29 14.01% 0.2155% SPCE 07/09/2020 $17.79 1 09/04/2020 $16.29 -8.43% -0.1297% TDOC 07/29/2020 $218.30 2 09/03/2020 $206.22 -5.53% -0.1703% TEAM 07/17/2020 $170.77 1 09/03/2020 $187.10 9.56% 0.1471% TTD 07/24/2020 $416.18 1 09/04/2020 $452.34 8.69% 0.1337% TTWO 06/18/2020 $140.19 0.5 09/03/2020 $170.29 21.47% 0.1652% TWLO 07/17/2020 $226.77 1 09/03/2020 $253.03 11.58% 0.1782% VCYT 07/29/2020 $29.06 0.5 09/04/2020 $32.41 11.53% 0.0887% VEEV 07/01/2020 $235.94 1 09/04/2020 $276.34 17.12% 0.2634% WD 06/03/2020 $42.88 1 09/04/2020 $56.05 30.71% 0.4725% WORK 06/17/2020 $32.65 1 09/03/2020 $32.12 -1.62% -0.0250% ZM 07/01/2020 $253.93 1 09/03/2020 $395.75 55.85% 0.8592% ZNGA 06/22/2020 $9.36 0.5 09/04/2020 $8.86 -5.34% -0.0411%
06/22/2020 $9.36 0.5 08/24/2020 $9.24 -1.28% -0.0099% ZS 08/04/2020 $131.51 1 09/03/2020 $149.93 14.01% 0.2155% ZUO 06/01/2020 $12.03 0.5 06/11/2020 $12.27 2.00% 0.0153%
06/18/2020 $13.46 1 08/24/2020 $11.47 -14.78% -0.2275%
06/18/2020 $13.46 0.5 09/03/2020 $11.73 -12.85% -0.0989% # Closed Positions57.5 Gain/Loss Per Position14.36% Return on Principal9.78%
Open Positions
# Open Positions0 Gain/Loss Per Position0.00% Return on Principal0.00%
Performance
% Cash100.00% Avg Gain/Loss Per Position 14.36% Annualized Return on Principal 37.59% Return on Principal 9.78% S&PStart3038.78 End3426.96 Gain/Loss12.77%
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T h a n k y o u !!!
Dear Bluwolf,
thank you very much for the ideas you have shared with us and also for those where we still are provided with your ideas.
Personally, I normally always read your posts and appreciate your ideas and thinking a lot !
Thank you very much!!!
Best regards,
wifwifComment
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You’re welcome, wifwif. I appreciate your kind words. I will continue to share watchlists and ideas.Comment
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I appreciate all of you that post thoughts and ideas to share on this board. Happy Labor Day to you all!
Hope you're able to chill out with a nice sweet beverage somewhere that isn't 100F out (unlike myself and BW today).Comment
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Bought back my NNOX and I still have a few shares of PI in a small Ameritrade account I never migrated, but other than that I’m flat and watching intensely.
When the right time comes, I’ll buy back in, but I have no idea when that will be, and there is no guarantee I will time it right. In the meantime, I have organized my watchlists into three tiers, with tier 1 being the stocks I’d most like a position in. This doesn’t mean I will buy all my tier 1 stocks first. I still need what appears to be a good entry, but when scanning for entries, I’ll start with the tier 1 stocks first and then move down the tiers. As I move down, the entries need to be more enticing, i.e. I need an outstanding looking entry for a tier 3 stock because I have less confidence in its growth potential than a tier 1 or 2. Here are my current lists if you want to do your own homework:
Current Ownership:
PI, NNOX
Tier 1 Interest:
AAPL, AMT, CRNC, CRSP, CRWD, DDOG, EDIT, EPAM, EXPI, FLGT, FSLY, FVRR, HUBS, MDB, MDLA, NVDA, OKTA, RDFN, SHOP, TDOC, TEAM, TTD, TWLO, VEEV, WIX, ZEN, ZM, ZS
Tier 2 Interest: AAXN, ABMD, ADBE, AMZN, ANET, APPF, APPN, ASML, ATVI, BL, BRK/B, CGNX, COUP, CRM, CSGP, DOCU, EEFT, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NTNX, NVCR, NVTA, OLED, PANW, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WORK, ZUO
Tier 3 Interest: AVGO, AYX, BIDU, BIGC, BILI, BKNG, BOMN, BZUN, CLDR, DAVA, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, IPOC, LITE, LMND, LRN, LVGO, LYV, MNST, MRNA, NVAX, OLLI, PEGA, PING, PINS, PODD, PTON, QDEL, REGN, SE, SGEN, SPOT, TSLA, WEX, XLNX, ZG, ZNGAComment
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Added a position In IPOB this week, but other than that, no activity. I’m just watching and waiting to see how things shake out.Comment
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Oh, oh. Citron, who admittedly doesn’t have the best record for being correct, has nevertheless issued a scathing report on NNOX. I am going to read it in depth tonight and watch the chart carefully to see how seriously the market is taking it. I might have to close my recently re-opened position. I made a nice profit on my Round 4 investment, but I don’t want to be married to a fraud. It sounds so good on paper, maybe it is too good to be true.
BTW, if you want to read what I think is a very accurate report from one of the most accurate short sellers, Hindenburg Research, read their report on NKLA. That company sounds like a complete fraud.
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I dumped my latest NNOX position for a small loss. The Citron report was just too worrisome. I’ll keep it around on my tier 3 watchlist and check in on it as the story develops. So I’m down to a 1/2 position in IPOB and a very small position (less than 1/2 position) in PI. Still watching and waiting.Comment
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It was another quiet week for me. I liked the setup on one of my tier 1 stocks, FLGT, so I added one full position. Right now I am viewing this as a swing trade with a possible conversion into a long term hold. Other than that, I am still in cash, doing light day trading and watching the market closely.
Current Ownership:
FLGT, IPOB, PI
Tier 1 Interest:
AAPL, AMT, CRNC, CRSP, CRWD, DDOG, EDIT, EPAM, EXPI, FSLY, FVRR, HUBS, MDB, MDLA, NVDA, OKTA, RDFN, SHOP, TDOC, TEAM, TTD, TWLO, VEEV, WIX, ZEN, ZM, ZS
Tier 2 Interest: AAXN, ABMD, ADBE, AMZN, ANET, APPF, APPN, ASML, ATVI, BL, BRK/B, CGNX, COUP, CRM, CSGP, DOCU, EEFT, EQIX, ESTC, ETSY, EVBG, FB, FICO, FIVN, FRPT, GH, GLOB, HCAT, HQY, INSP, IPOB, ISRG, KNSL, LOB, MA, MASI, MELI, MGNI, MSFT, MTCH, NEE, NET, NOW, NTNX, NVCR, NVTA, OLED, PANW, PAYC, PYPL, QRVO, QTWO, RGEN, RH, ROKU, RVLV, SFIX, SIVB, SMAR, SPCE, SPLK, SQ, STAA, SWAV, SWKS, TREX, TTWO, V, VCYT, WD, WORK, ZUO
Tier 3 Interest: AVGO, AYX, BIDU, BIGC, BILI, BKNG, BOMN, BYND, BZUN, CLDR, DAVA, FLIR, FTCH, FTNT, GOOG, IDXX, IIPR, IPHI, IPOC, LITE, LMND, LRN, LVGO, LYV, MNST, MRNA, NNOX, NVAX, OLLI, PEGA, PING, PINS, PODD, PTON, QDEL, REGN, SE, SGEN, SPOT, TSLA, WEX, XLNX, ZG, ZNGA
Bold - New stock on listComment
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