Hi everyone, I took four new positions at market close today. I’ve been looking at HPQ, and decided to take a stab at it today. I also went long on TJX, and shorted a half sized position on NIO and XPEV. NIO and XPEV move together, so I shorted half for each stock.
HPQ daily chart below. Original profit exit was the gap fill at 32, but I decided to change it to 33. I expect to hold the trade for 1 to 15 trading days.
TJX daily chart below. I feel scared entering long here, but the risk reward is good and the stock tends to reverse after a pullback this size. This trade will likely take longer than HPQ to play out, especially if I don’t get stopped out right away.
NIO daily chart below. I took a half sized long position, and I’m not very confident that this and the XPEV trade will work out, but let’s see what happens.
XPEV daily chart below. I’m risking 2 dollars per share to make 8, so I need to be right 1 in 5 times to break even.
Thanks for reading, and I hope the rest of your week goes well.