Here are my trades for the week of July 27 – 31, 2020. This is my first time reporting my trades in a day by day fashion, (and this is Wednesday) so I’m reporting Monday and Tuesday after the fact. I always watch Investor’s Business Daily Live every morning, and I end up doing most of my trading for the day during that time. Sometimes it’s influenced by the advice of those experts, sometimes it’s from my own research. I highly recommend subscribing to that program and taking your trading to a whole new level! Investors.com
Now that it’s Saturday, I’m reviewing my week’s trades. I’m posting daily but I’m writing this review at the end of the trading week. To see my past record, go to past Week’s in Review posts or just read the Week’s Summary section in each Linda’s Trades posts.
Outcome of New Trades This Week
- NEM – Bought at $69.27 and it sold through a stop loss order at $65.73 Loss of -5.11%
- DOCU – Bought at $193.64, currently at $216.83 Paper gain of 11.97%
- GMAB – Bought at 35.64, currently at $34.19 Paper loss of –4.07% (I bought this too extended. Bad entry point, but I’ll give it up to -7% loss.)
- AZEK – Bought at $35.16 and it sold through my stop loss order at $34.09 creating a loss of -3.04%
- DXCM – Added shares at $433.47, currently at $435.54 Paper gain of .48%.
- NVDA – Added shares at $418.01, currently at $424.59 Paper gain of 1.57%.
- CRWD – Trying this again at $111.32, currently at $113.20 Paper gain of 1.68%
- QLD – A day trade, profit of $25.
- SQQQ – Another day trade, profit of $129.
The outcome of the new trades is a profit of 3%. But my entire portfolio which includes stocks that I bought prior to this week is even better. Four days were positive, with Tuesday being the only negative one. This was a terrific week for me, and the Apple stock skyrocketing on Friday was the cherry on the top. I think this might have been my biggest weekly gain since I started this whole blogging thing. My portfolio increased 5.46%!
Monday July 27, 2020
The market started out strong. I wanted to include gold in my portfolio so I bought some shares of Newmont Corporation (NEM). As of today, Wednesday, I’ve lost a small percentage of that trade but if the technology stocks go down, I’m hoping the commodity stocks will go up. I have a stop loss order in (meaning if and when the stock reaches that price, it will automatically sell for me) at -5%. That way I won’t lose more than 5% of my initial purchase. ALWAYS have an exit strategy when you go into a trade!
Docusign (DOCU) – This was a new position for me. I had done research over the weekend and realized how strong its earnings and sales are. Big institutions are also supporting it. I knew I wanted to get some shares but I have to be smart about when to buy it. If it’s extended, I’ll take a loss when it takes a rest. The reason I bought it Monday was because it had a reversal from the two down days before. I look for two things when buying off a reversal:
- The price is going up (and out of a good base or a reversal)
- There is at least 30% volume increase
So I bought it at 193.64, and today it’s hovering around $209. Because I feel it’s a high quality stock, I’m willing to give it a lot of room and won’t sell it unless it drops to -7% of the purchase price or possibly when it hits the 20-25% profit mark.
I learned Monday that if you are in a bull market (which we are), use the break (price drops through this) of the 21 day line as your exit point. Docusign has never broken the 21 day line and has followed it up the whole time. Using that logic, I will continue to hold DOCU until it falls below that 21 day line. REMEMBER! The 7% loss rule for me supersedes any other rule! I always want to preserve my capital.
Genmab (GMAB) – this is a biomedical company that I found through my weekend research. It has a 48% increase in sales and a 200% increase in quarterly earnings. I bought it at $35.64 and it’s gone down a tiny bit to $35.12.
GMAB and NEM are just a little in the negative but I have a 5% stop loss order on both. GMAB seems like such a great stock but there is no strong institutional support so that means smarter guys and gals have given it a pass for whatever reason. So that’s why I’m not going to take a full 7% loss if I guessed wrong. I might even sell it at a 3 – 4% loss if I want to get out sooner.
Today the market was good to my account total. I was up 1.67% for the day.
Tuesday July 28, 2020
Market opened a little down. The experts keep saying it would be great if it was an inside day because the NASDAQ can’t keep up the pace it’s been going. It really fell at the end of the day which always feels ominous. But since I’m writing this the day after, there was no reason to feel anxious. (Always easy to say after the fact!) But my account suffered a -.8% loss. So I lost half of what I gained yesterday.
I only made one trade this day, AZEK and it sold at my stop loss of 3.5% the same day. But I will report on a trade I had made last Friday. I had bought Shopify (SHOP) on and off these last 2 months. I was getting a little beat up by it because it can be volatile compared to Microsoft or Apple. But last Friday I saw that it was making an upside reversal. Just like DOCU, it had fallen the day before and was making a very nice rebound, possibly off of the 21 day line with a lot of volume. (My chart doesn’t have the 21 day line and I need to figure out why not.) Anyway, since I was a little gun shy with SHOP, I only bought a few shares at $904.
Being Gun Shy Doesn’t Pay
But I watched the stock (SHOP) very closely and as it went up, I bought a few more. I did that for a total of 4 times over about an hour’s time, each purchase at a higher price. Then I stopped. Monday it made a nice gain and yesterday it closed at Monday’s high. Last night it soared 12%! As I write this, it has lost half of that percentage but it still hasn’t filled in the gap it made. It’s currently hovering around $1051. From Friday’s purchase I’ve made a 14% profit, even with the higher prices averaged in.
Wednesday July 29, 2020
Finally I’m up to the current day I’m writing this. I added to two positions I already have and started a new one.
DXCM Dexcom – I added shares to my position. It was up in the premarket and doing well during the first 15 minutes. I’m trying to wait at least 5 minutes, maybe more before buying anything because so many things that are really strong in the premarket just get sold off in the first 5 minutes, and I get left with a loss in the first 10 minutes. So I waited what I though was an acceptable amount of time (15 minutes) and bought a small amount of shares to what I already own. The price was $433.37.
Things Go Bad with This Trade
My first clue that things were not going to go so well with DXCM was that in the short time it took me to put in the order and then preview it, it had already gone down a dollar. Instead, my thinking was, “Oh look, I’m getting it for a better price!” (Remember my Shopify trade when I bought it on strength?) Anyway, in the next 15 minutes it tanked to $411. (Insert sucking in wind!) I had a stop loss for those shares only (not my previously bought shares of a much lower price) at $402.65. It never touched that price so it didn’t initiate the sell trade. Right now it’s happily bouncing between $425 and $430 so I’m going to let it be. I think it is a high quality stock and hope to see a much bigger return down the road. But if the market turns ugly, it’s these newly purchased stocks that get on the chopping block.
NVDA Nvidia – I also added to the position. Fortunately it hasn’t made any wild swings that DXCM did. I bought it at $418.01 and at this moment it’s $418.17. Nvidia has been building a nice base and with it’s great fundamentals, I wanted a bigger position of it in my portfolio.
CRWD Crowdstrike – This is another high quality stock that I tried a week ago and lost money on. But I’ve learned that even if you failed with it before doesn’t mean you can’t try it again, especially if it’s got great fundamentals which this one does. So today I opened a new position with it. I bought it at $111.32 and it’s currently at $113.27. I bought a quarter of the shares than last time, which I may end up regretting not getting more, but I still have a bruise or two figuratively speaking from my recent trade with it.
QLD Proshrs Ulta Qqq – This is a leveraged ETF (Exchange-traded fund) which is QQQ doubled (in Linda terms.) Sometimes I jump into this when the market is having a strong move upward. But it’s pretty much day trading when I do that and sometimes I make money and sometimes I lose money. I was up $100 but then it softened and by the time I executed the trade, I made a whopping $25. Oh well. At least it wasn’t a loss.
Today was another great day. My portfolio went up 1.9%.
Thursday – July 30, 2020
The market opened weak this morning, then strengthened, and is going back down. That makes me feel like it’s going to go sideways today.
I got a breakaway alert for Repligen (RGEN) not to be confused with Regeneron (REGN). I bought it at $149.75 but it’s down about a dollar. I will use today’s low price as my exit price. (Never mind. The low $135 is a 10% loss and my 7% loss overrules that price. I’m making it $141.00)
My gold stock sold this morning from the 5% stop loss order I had on it. So I no longer have gold which is probably good because gold and silver were down. The day ended with its price slightly lower than I sold it at.
I just bought some more Cloudflare (NET). It is taking off and I noticed that the institutional support is pretty strong for this newer stock. I originally bought it at $31 and I just bought a smaller amount for $39.88. It’s somewhat extended so I will put a tight stop order on these new shares. (3%)
Last Friday I bought Datadog (DDOG) on the reversal from the 50 day line at $84.22. Today it’s up to $93. Reversals off of the 50 day line are good times to buy stocks if they are quality stocks.
Summary – Portfolio went up .5%.
Market ended the day in some strength, much better than the open! My new purchases each have made a profit. RGEN gave me a 1% gain, and the extra NET shares gave me a 3% gain. My GMAB that I bought Monday is still giving me a loss of -1.75%. Earnings are reporting in 13 days, so if I don’t get a profit cushion before then, I’ll be selling it. This is the stock that doesn’t have big institutional support so it could swing really low on earnings. Too risky for me.
Tomorrow is Friday, so here’s hoping to hold onto my 3% gain this week!
Friday – July 31, 2020
The market opened up super strong, a lot due to the strong earnings reports from last night for Apple, Amazon and Facebook. Fortunately I bought Apple (AAPL) early on in April and May for $280 and $320 so it was a big move this morning. We’ll see if it holds through the day. I’m not selling it either way. It’s one of my leaders and bigger positions.
I’m just watching the market, not buying or selling anything yet this morning.
I just bought and sold SQQQ when the market started going down. I was able to make a quick $129. Several times I have tried this and lost money because I guessed wrong in the direction of the market. I don’t recommend this because it is definitely day trading and a lot of people lose money doing that.
The market is strengthening this morning. I was tempted to buy TQQQ until I realized I have nail and hair appointments and won’t be able to watch it. TQQQ is a leveraged version of QQQ (triple times). I’ve actually never traded it, I’ve just done QLD which is double QQQ. Again, another day trading move.
I’ll give a summary of the day after the market closes.
Today is the day stock traders live for. My Apple stock increased 10.47% today. It was by far the highest gain today. My total portfolio gain for today was 2.07%.
Until next time,
Remember, this is for information only. Always do your own research!
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