💼 Inside the Portfolio: Updates from our Swing Trading Desk
30 Oct2024 - Insights, adjustments, and forecasts about our latest swing trades 💹
With October close approaching, our portfolio management strategy has shifted toward capital preservation, particularly given the impressive 10%+ gains achieved this month. The current market environment demands increased vigilance, as technical indicators suggest an impending pullback phase may be approaching.
Position Updates:
In line with our disciplined approach to risk management, we've executed several strategic adjustments to our portfolio:
APPS: Strategic 50% position closure, securing a robust 14% gain in just 3 trading sessions
PDD: Holdings: Completed exit with 4% profit.
WVE: Position closed at breakeven after failing to breach the crucial $15.40 resistance level
EVO: Full stop-loss triggered at 1032.
New Positions and Subscriber Insights:
One additional position was added today.
