WED 8/12: TPR – SELLING (1/2) P/L: -$482.66 -4.8%

James F. Taulman
James F. Taulman
James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system. •

3:46 PM – Selling half of my 2/3 position here as shares break below the 10 DMA. The exception here is that the company is scheduled to report earnings tomorrow morning, so today’s weakness may at least partially be influenced by the upcoming announcement. I’m reducing my risk ahead of the report, but after having some recent success with earnings plays, I’m willing to accept the added risk and hold the remaining 1/3 position through tomorrow morning’s announcement.

James’ Trader’s Tip: Reduce Risk Without Eliminating Opportunity

  • A break below the 10 DMA is a technical violation and should not simply be ignored because earnings are approaching.

  • Earnings can produce significant gaps in either direction, making position size especially important.

  • Selling half allows you to reduce exposure while maintaining a smaller position if you deliberately choose to accept the overnight earnings risk.

https://buyingbreakouts.com/wed-8-12-tpr-selling-1-2-p-l-482-66-4-8/

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