💼 Inside the Portfolio: Updates from our Swing Trading Desk

07 Oct2024 - Insights, adjustments, and forecasts about our latest swing trades 💹

In today's uncertain market conditions, our portfolio continues to show impressive performance, defying the overall market choppiness. As financial analysts, we're closely monitoring several key positions and making strategic moves to maximize returns while managing risk.

Luxury giant LVMH is experiencing a significant rebound, prompting us to raise our stop-loss order to lock in profits. This move exemplifies our commitment to protecting gains while allowing for further upside potential.

Comstock Resources (CRK) is nearing our projected 3:1 risk-reward ratio. We're carefully assessing its behavior over the coming days to determine whether to close an additional 30% of our position or hold for further gains.

Our Boeing (BA) position has reached the break-even point. We're closely monitoring the stock's reaction to market conditions and news, ready to adjust our strategy as needed.

In a calculated move, we've initiated one new position, a promising stock from our watchlist.

We executed and promptly closed a short scalp on Chinese equities (FUTU), capitalizing on a brief market inefficiency. With China's National Development and Reform Commission Briefing scheduled for tomorrow, we've opted to avoid overnight exposure to Chinese stocks, whether long or short, due to potential volatility.