Bubba's Journal

Bubba27

Active member
116 6
NYSE:SPCE today ----- huge drop in price. Giant closing window. Price broke down below the middle Bollinger band.. it is at $19. The RSI and Stochastic continue to show strong price move going down.. Glad I changed my orders last night to $17 and $14... these two prices could be too ambitious, and I may change prices later today depending upon how the day goes.

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Also -- new on my space stock watchlist: Enphase Energy (ENPH). Currently at $47.16. Price patterns look more stable than SPCE. Is ENPH a better bet in the long run?
 
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Bubba27

Active member
116 6
Re: Bitcoin
I will be trading Bitcoin purely on technicals only. I will not even put the halving into consideration too much. I think the halving is going to be mostly hype. Any price changes from the halving will barely be noticeable until after the fact.

BTC/USD today ---- 1W price movements looks middle ground. Nothing special going on there.
1D is below the lower Bollinger band. RSI and Stochastic are on the middle ground.
 

Bubba27

Active member
116 6
Boooom , Galactic is down over 23% today. I plan to lower my buy orders further down until we start to see some stability....
 

Bubba27

Active member
116 6
Still short with -6 shares of SPCE and waiting to buy back. I have changed the price on my buy limit order many times every day, chasing the price down and trying to find a good entry...... Tomorrow I want to buy at a good price. I am bearish on Galactic. Aiming to buy tomorrow in the area of $16.5-20.5 and if I buy there I will want to sell in the area of $21-23. It is not a stock that I want to hold on to long term.

I am bearish on Bitcoin too.
 

Bubba27

Active member
116 6
Alright it is a done deal.

I sold short 6 shares of SPCE at $31.50
Then I bought the -6 shares back at $23.00

So what happened?
Did I profit??

My profit is $51.00
Right??
 

Bubba27

Active member
116 6
Are these the ones you bought at $27 ?
No, that was the first trade I placed and I lost money on that one. My trading journal needs to be better organized so people can follow along easier.

The one I closed today did in fact profit +$51. It turned out much better than anticipated.

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Up to this point, my trading results are -$2, and I have no open trades.
 
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Bubba27

Active member
116 6
Trade #6
This was the buy -6 share order described above.
Trade is closed out.

Trade #7
3/5/2020
NYSE:SPCE
Sold short 5 shares @ $24 (=$120)
Notes: I set a Limit order to eventually buy -5 shares @ $20 (=$100)
I may change this buy price at another time depending upon price movements.
Technicals: most time frames show the price is likely to decline.
I am using Bollinger bands, RSI, and Stochastic.
Market is closing in 1.5 hours.
Goal: trade to win.
 
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Bubba27

Active member
116 6
Trade #8
3/6/2020
NYSE:SPCE
Bought back 5 shares @$21 (principle of $105)
Profit: $15
___
Total results thus far: +$13
I have no open trades right now.
 
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