$CYBR + 70.51% in 12 Weeks
Currently we have 13 "distribution days" between the $SPY and the $NASDAQ. As of March 22nd, IBD(Investors Business Daily) changed the market pulse to "Market Under Pressure". That sends a cautionary flag for us as retail investors. It's time to harvest some profits and raise CASH. One should be scaling in slowly into the market and locking in some profits along the way. January 7th "Follow Thru" has been one of the most successful and profitable days we had in 2019.
Here are the details of How I traded $CYBR since the "Follow Thru" of January 7th. Following the IBD rules of:
- Timing the market (must buy something on a "Follow Thru" day).
- Scaling into position as the stock makes gains of +3% to +5% (Buying High and Selling Higher).
- Staying in tune with the market (keeping track of "distribution days" and the market pulse).
- Locking in some gains as the stock gains + 20% or more (sell rules of harvesting profits by selling into the strength).
- Observing the 20 day sma(simple moving average) and its divergence from the 50 day sma (extended stocks).
- Timing the market (must buy something on a "Follow Thru" day).
- Scaling into position as the stock makes gains of +3% to +5% (Buying High and Selling Higher).
- Staying in tune with the market (keeping track of "distribution days" and the market pulse).
- Locking in some gains as the stock gains + 20% or more (sell rules of harvesting profits by selling into the strength).
- Observing the 20 day sma(simple moving average) and its divergence from the 50 day sma (extended stocks).
$CYBR Trade:
- January 7th (Follow Thru Day) entry at $69.82. Harvested partial profits on February 25 for +54.75% gain in 7 weeks.
- January 16th (Scaling in after stock gained +14% within 7 trading days) entry at $80.75. Stock position currently +47.43%.
- March 11th (Scaling in with stock outperforming the $SPY) entry at $107.95. Stock position currently +10.28% and getting extended. Staying in tune with the market and start taking defensive action. "Market is Under Pressure" with an elevated "distribution days". Allow the stock to retrace to the 50 day sma before closing the position. If institutions support the stock at 50 day sma, than add more shares and scale up once again.
Original position at $69.82 initiated on a "Follow Thru" day of January 7th is +70.51%. January 16th position is planned with trailing stops to lock in the gains to raise CASH. Technically the stock needs to digest the gains over the next couple of weeks. Reducing exposure in the market is the theme this week.
Happy Trading !
Amin
- January 7th (Follow Thru Day) entry at $69.82. Harvested partial profits on February 25 for +54.75% gain in 7 weeks.
- January 16th (Scaling in after stock gained +14% within 7 trading days) entry at $80.75. Stock position currently +47.43%.
- March 11th (Scaling in with stock outperforming the $SPY) entry at $107.95. Stock position currently +10.28% and getting extended. Staying in tune with the market and start taking defensive action. "Market is Under Pressure" with an elevated "distribution days". Allow the stock to retrace to the 50 day sma before closing the position. If institutions support the stock at 50 day sma, than add more shares and scale up once again.
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