Today I booked a bunch of profit and closed a few positions to manage risk.
Nothing against this chart but with earnings on deck and only a small gain, this was not a binary risk I want to take. Closing it out for small change.
Exit 1: (20% reduce position size) 8.73
Exit 2. 8.78 +1.5%
The gas is coming out of this one a bit. a Couple of moves to the upside failed. I decided to ring the register as this one looks like it needs some rest before going higher.
Exit: 12.65 +14%
The Week 2 move has been less than impressive. Since the thrust has stalled in week 2, I'll get out with a decent gain and look for a retest of the b/o.
Exit 15.38 +10.6%
This was a high risk trade given my entry, I was sized small with the plan of adding if it got going. It never did although I thought there was a chance that this could have blown the doors off on a short squeeze but the thrust couldn't keep the momo going.
I normally do not sell the first day breakout. But I took a partial here. MRGE exceeded my expectations
Entry 17.60, A.H. . I need to be a bit more patient on news driven trades. My thought was that the news gets this running out of this Flag. Small position.