Another day another dollar. I’m still having a bit of trouble mastering my emotions, but I’m trying. More importantly, I’m doing my best not to let them affect my trading. As of right now, I’m okay, ready to get into it, but there’s the pesky nagging whatever feeling in the back of my mind/deep in my chest. Hopefully a good trading day and some basketball will help.
The only thing that I’m in right now is PRPL — I exited CHPT yesterday for a profit, just need to journal it — and it’s not looking great. It pushed up strong yesterday, and is up again today, it’s above $6.60, where I intended to get out, so I’m going to exit that soon. IDK if it’s FOMO or what, but I don’t want to force this exit. The $6.60 area was right near some resistance and this morning, it’s stalling at that area. I don’t want to exit if this is going to push down again, but I also don’t want to fall into the trap of letting my losses run for too long. I guess I’ll do the rest of my analysis and revisit.
SNAP looks decent today, on a small pullback after a couple up-days in a row. It looks like a good retest, and I don’t hate the break of the day’s highs, but there is some resistance right outside of that area. I think I like $40.50 better, which is $1.60 above current price, which is kind of a lot. I don’t want to go long right into resistance. I don’t. So I’ll leave this alone
IQ — iQIYI, an Asian streaming service — is up against a fairly strong resistance area right now, and basing. There’s a high from 3/1 that’s just a few pennies above today’s highs, so I think I’m going to run the numbers and try to get in just above that area. Maybe 2¢
AR — Antero Resources Corporation, an oil and gas company (that I’ve never heard of…) — has been pushing up since April of 2020, and is reaching levels it hasn’t hit since March of 2015. It gapped up this morning after basing for roughly a week, but pulled back immediately to the support level that was resistance of the base. If this can push back up above the day’s highs — or even back above the breakout of the base — this could be another good long play. I’ll run the numbers for some calls, though it’s a bit difficult because my target isn’t very far away (hard to predict when these levels haven’t been hit in 7 years)