Weekly Update: Here’s What I’m Buying
Good evening, and welcome to this week’s edition of Stealth Trades!
These weekly updates allow me to share my views on the markets with you.
I do my best to let you know when I believe you should be conservative and when the stage is set for big gains.
For the last three weeks my message has been clear – it is time to be buying.
I hope you heeded my advice. As I covered in this week’s live webinars, I have been aggressively taking new positions as well.
This week I bought 7 stocks. 6 of them are profitable.
The big winner for me this week was HIMS. It is a stock a like with a very clear pattern that meets all of my rules.
I also got lucky…
The day after buying, the company reported a partnership with Novo Nordisk and the stock soared. I am up 44% since Monday.
I scaled out of half the position here at the highs for a solid gain. This way, I can hold through earnings on Monday without risking all of my profits.
With the exception of SKWD which broke out beautifully on Friday, the other stocks have yet to make significant moves, but they are playing out well so far.
In the interest of transparency, I am including charts showing my trades from the week including entries, exits and stop losses.
These are not official recommendations. But I thought it might help to see how I like to enter with this style of trading.
We can discuss them further in Monday’s live training session at 9am ET. I’ll see you then.
Best wishes for your trading,
