Up another 2% today and another 52 week high. It's also a good lesson for the group and me to continuously evaluate our decision making. I added again after reducing my holding because I initially felt over exposed to $DAL during a difficult market decline....but the share price continued to behave as the chart showed and converted a strong resistance level to support, so we added again.....there is nothing wrong with this, if your gut is telling you to leave a position or reduce a position, it is likely because of your risk tolerance getting extended
Now I also had the added confidence of reducing my position in $DAL because I felt there was a better set up and I added $PLTR with this capital which has now proven to be a smart move, although both are climbing very well but my risk is spread over two positions now.
We know we can find opportunities here every week and sometimes every day, never think that we won't be able to find a set up, this is what we do best here, if something doesn't feel right or your risk is too high, trim a position and wait for the next set up, one thing I can guarantee in this group is that we will consistently be able to find you something to make you money.
$DAL continues to move to our Wave 3 target at $56, to hit the 1.618 Fib
Federico Salerno
2024-05-06 19:50:02 +0000 UTC