Had a pretty good day on all three stocks, driving my account value back above $1,800 right at the end of the day.
Today’s Positions
- Canopy Growth Corp. (CGC): 40 shares @ $24.69 (2.83%)
- YETI Holdings, Inc. (YETI): 10 shares @ $29.60 (0.24%)
- Tailored Brands, Inc. (TLRD): 120 shares @ $4.25 (2.41%)
As I double check the technicals on all three stocks, I’m convinced to continue holding on to all three positions. Though definitely still kicking around the idea of selling off Yeti to move that money into Tailored Brands.
I just have a feeling that YETI is closer to the high end of its range for now. And that TLRD has more room to run. I’ll have to keep thinking on it.
OptionAlpha Paper Trades
ADPT’s share price continued to sink today, down another $2.42 to $34.96. This brought me another $43.73 today raising my overall P/L on the trade to $101.20.
I need to figure out how to close out these two trades, and also test the waters with some more trades (like a few iron condors, and a few bull put spreads) before feeling confident enough to deposit $2,000 and start my journey in earnest.
It is somewhat ironic at the moment though, I’m buying stocks fairly blind and hoping they go up in value. Which is essentially what OptionAlpha teaches you not to do because it is just a 50/50 gamble.
But, until I feel confident enough to start trading the OptionAlpha strategies with my own real money, I’ll keep holding these few stocks that I own and hoping that they go on a tear to raise my account balance back above $2,000.
FNMNY 