02Mar10:15 amEST

Adding and Cutting; Chess Moves

I added to my CRTO long this morning, just over $46 from my core $45.59 entry on Friday. I now have roughly 6% of my capital in this French internet name with a solid chart, as it tries to further break higher from a tight daily timeframe price consolidation. My stop-loss is still below $43. 

And I sold my SOXS long, which I took Friday into the bell, for a loss. As it turns out, my timing was rather poor in the triple-bearish semiconductor ETF, since there was M&A in the sector over the weekend. I sold SOXS near $10.65 from my $11.32 entry for a loss. Obviously, a gap against my position is not preferred, but the loss is still very manageable considering it is a triple-levered ETF. 


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