Review Week 03/01/2021 - 03/05/2021

By iamtez -

Welcome back everyone! We had a very eventful week in the markets. The positions mentioned last week all worked. The markets pulled back significantly just like I had mentioned. Hence I didn’t go too heavy with the calls.

 

Position

Entry

Exit

G/L %

Comment

ANET Mar 19, 2021 300c

300

350

16.67

Started well on Monday. Got this around 285 and it ran to 289 but then fell down with general market. Eventually hit the stop.

ETSY Mar 05, 2021 240c

270

1200

344

Gave great entry around 230 on Monday. It ran to 250+ by Tuesday so these did really good.

MU Mar 05, 2021 95c

200

250

25

Got this on Monday around 94. It started nicely and went to almost 96 and probably would have run much more if not for the general market downturn.

SBUX Mar 05, 2021 110c

150

175

16.67

Got a decent entry on Monday around 108. It went to little over 109 but this too fell with the market. Eventually got stopped out for small profit.

 

Lot of stocks pulled back a lot from the highs and look much more attractive. However, I think we still need to be little selective at least for a week. I will post my watchlist Sunday night. Until then, have a good weekend!!!

 

ALWAYS REMEMBER TO CASH YOUR GAINS OUT OF THE ACCOUNT.

 

RED: Behaved exactly opposite of what I predicted.

 

GREEN: Behaved exactly as I predicted.

 

BLUE: Need more time for idea to materialize.

 

Disclaimer: The views and opinions expressed here are my own. Before taking any financial decisions based on these, please do your own due diligence.

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