Weekly Review 12.09 - 12.13
Wasn’t very active this week as was traveling. The trades I did take were mostly losses with two trades sticking in BITX and MSTX.
Market overall: Nasdaq composite continues to inch higher with a rising 10 over 20 moving average.
12/11
MSTX - got long once MSTR reclaimed the MA’s. First entry was half size as the range was so wide. I added on day 2, and was stopped out once it flushed through the lows. MSTR held the LOD but since MSTX trades 2x, it stopped me out.
BITX - have been using 100k as the line in the sand for BTC. Once it reclaimed and broke out, I got long and added the next day on the dip. Currenly my stop is the low of 12/11 on all shares.
12/12
IREN - BTC related name. Tried it long after it pulled back to the 10MA and put in a tight inside day. Stopped out same day. Likely needs more time.
SOFI - One of the leaders in the market after it’s earnings report. Tried it long and closed it at the end of the day as it closed weak / at the lows and wasn’t up on it. Still watching it for a long
12/13
MSTX - got long once MSTR reclaimed $400. Similar thoughts to BTC on 100K. Great inside day on the daily and surfing the 21ema.
