Page 2 of 14

Holiday Portfolio Cleanse: Covered 1/2 ETSY +25%, 1/2 CVNA -4%, 1/2 YELP -1%; New shorts SFIX

Covered ETSY +23%

Covered CVNA -4%
Covered YELP -1%

Short SFIX @23.87

Covered ETSY for another solid swing trade. Been short this stock in the 70s, near the top. Averaging in on the way down, so although I do have a +60% gain, on average I’m closer to 25% as I built position to 4x. Stock is very weak, and will go lower. But beware of this broad market, it’s getting ready to destroy some rookie bears and will send ETSY higher. So why haven’t I covered all? If you don’t know, then trade a little more, you’ll get what I mean. Meanwhile, it tapped 30s earlier last week, and probably should have covered, but waiting for those waterfall type drops is where you make those gains that are worth the slight rebound. ETSY is a good candidate for a steep drop.

Entering a position in SFIX, which has more unusual activity. I’ve traded SFIX very successfully, and until I’m proven wrong, I’m going to continue with my reads.

Back to that idea that the market is ready to rip higher to new highs and even newer highs. As a bear/contrarian trader, I respect that. I’ve hedged with my longs, and I’m willing to cut wrong trades on stocks that are going against me, hence I covered half of CVNA for a -4% loss

… I swear, this stock has proven me wrong over and over. Keeping this position thin, like at 1/4 position, is what lets me get the trade wrong and psychological negativity out of the way so I can move on to other trades.

What the Truck is this Thing- Tesla’s CyberTruck

That font is ridiculous, but the tires and lights look pretty cool. Other then that, why does this truck look like a glass roof with wheel?

As for the stock, TSLA has been out of my portfolio ever since my broker has been bugging me with the risks of going long this stock, even though I went by my principles of “buying the panic” and entering in the mid 200s. After this reveal, I’m joining the ranks of the rest of herd, and just wait and see how everyone reacts to this.

CRON Squeeze Intraday + VFF possible squeeze in-play; URBN danger zone could tank hard

Battered pot stocks (the worst performing industry) are setting up daily day-trading setups, on the long and short. I’m on the sidelines having sold CRON longs pre-earnings. Lot of shorts covering.

VFF, another heavily shorted stock, is due for a massive rebound, as there are a ton of shorts that need to be covered soon before the end of the year. If 6 holds for the week, I’m expecting a jump on Friday.

I’m sitting out of URBN which reports today. Its rallied off its August low of 20.51, but a Q4 miss can send this stock down hard. I’m putting the brick-mortar retailers on my radar for a long-term short, the basket will include: TJ Max (TJX), Dollar Tree (DLTR), and Ros (ROST), while holding longs in JWN (Nordstrom). Kohl’s is the first domino piece to fall on a Q3 earnings miss today. Will be an interesting week for retail.