| lesson / review | May 26, 2021
Swing Trading Stocks,
Day Trading Momo,
Swing trade review: https://tradejournal.co/trade/update/7085/
As some of you in the discord and/or on the live stream this morning already know... I sold my IPOE.
Why I Sold
I would NOT have sold if I was holding my IPOE shares in a regular account but I was holding in ROTH IRA which allows me to reinvest my trading income without paying taxes. With a ROTH IRA if you can time just a few big moves it can be very financially worth while to do so.
For me when a company rallies 50% and reaches BIG resistance that may be time to do so.
There was an inital dip of 11% after it reached the highs 21.8 to 19.32 (extended hours) before bouncing back 5% to around $20 and holding. Ideally I'd like to buy below $19 but only time will tell. Next major support zone is around 17.5 which is the price we originally had to break past before the second part of that BIG 53% rally.
IPOE so far in this rally has not pulled back more than 10% so this is already a bigger move. I'm not sure if we will get a bigger dip so I'll be watching it here and if we have a morning panic there is a good chance I'll be buying. Eitherway I'll see to get my OG size back under $20 and anything after that is an aditional win.
Entry IPOE Swig Trade Entry on live stream (go to timestamp @ 40:38)
Remeber Get News Fast
Good full recap video of IPOE and SoFI from Fin Tek
Are you sure you want to delete "Why I Sold IPOE?! (SoFi Merger Spac)"?