Here’s how I’m trading CrowdStrike ($CRWD) – August 4, 2021
CRWD HOOD
I want to look at CrowdStrike ( NASDAQ: CRWD ) here. We were stopped out of this too soon. I thought this was going to be moving up more quickly and that was my bad. This is kind of an object lesson in trading.
If you are looking for this kind of pattern, I hate to say, cup and handle. Everybody thinks every single stock is a cup and handle pattern. Maybe this is, I just know that you have got kind of a nice little bowl pattern here. The stock ran back up to this high, broke through, and then since that time it has just been kind of trading in this sideways range. It has just been trading around in that little sideways range.
Well, I got a little impatient, I did. I tried to make something happen, I guess. I don’t think we lost money on it, I think we actually made a little bit. I take that back, I didn’t try to make something happen. What I did was, I tried to kind of get an early jump on this stock. I tried to get the stock a little bit before it was ready. I bought it at 262.00 on the 28th,,yes it was this date. And I really thought the stock was going to be doing this. That was just kind of my sense. So that was my thought process when I bought it.
But I kept a pretty tight stop on it because I didn’t know. It’s kind of like, okay, it seems to me like it’s going to do that so I will place a semi-educated bet with a low risk. And then, ultimately, we got stopped out. I think we kind of barely got clipped here. I had set the alert just below 250.00 and you can see what happened, so now we are back at it again.
I am not saying to buy this stock here. I am pointing it out to you, showing you what my sins were. Although it was actually not a bad trade, it just didn’t make money but at least I had a reason for doing what I am doing. I am saying, watch this stock, I am going to go ahead and set an alert at 270.00, just to kind of bring this back to my attention. If the stock breaks out above 270.00 on volume, this could be the time that you are buying this stock because it is about ready to go.
Free Chart