{"id":12092,"date":"2021-08-20T14:23:11","date_gmt":"2021-08-20T18:23:11","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=12092"},"modified":"2021-08-20T14:23:11","modified_gmt":"2021-08-20T18:23:11","slug":"jumped-out-of-2-grasshopper-trades-at-a-loss","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=12092","title":{"rendered":"Jumped Out of 2 Grasshopper Trades at a Loss"},"content":{"rendered":"

I’ve received a few emails about me being missing in action for a few weeks. This is the longest I went without posting since Main Street beats Wall Street<\/strong> started. There’s 2 reasons why. #1 is, I hate the way the markets have been moving. Or, I should say, the markets are moving pretty well but it seems like many stocks are not moving in the same direction. This has my trading volume way down. The other reason I haven’t been posting is I’ve been on the run, enjoying my summer. I figured if I cannot make money let me have fun lol. I’ve been to the Jersey Shore, Boston a few times, upstate NY to my beloved town of Saugerties, and this week I was in Cape Cod. If I’m not on an excursion I’m having people over the house in my backyard, or preparing the backyard for a get-together. The bottom line is I’m enjoying my summer. Many of my trades have been made on the run. On a mobile device, being away from my computer.<\/p>\n

This week I made a few Grasshopper Trades. I’m really sick of holding some of the crap that’s not moving, so I’m gonna start dumping some of the long time holdings that are just not moving. I’d rather take the loss and put the money to work in better positions.<\/p>\n

This week I jumped out of 200 shares of Inseego (INSG) and 400 shares of Momo (MOMO).<\/p>\n

I bought 200 shares of INSG on 2\/10\/21 at $19.85 per share. The stock was at $8 and I sold with a loss of $11.85 per share.<\/p>\n

 <\/p>\n

Inseego<\/strong><\/p>\n

2\/10\/21 \u2013 Buy 200 Shares INSG @ $19.85<\/strong><\/p>\n

8\/17\/21 \u2013 Sell 200 Shares INSG @ $8.00 <\/strong><\/p>\n

\u00a0Loss -$2370<\/strong><\/span><\/span><\/h4>\n
\n

I bought 400 shares of MOMO on 3\/25\/21 at $15.25 per share. The stock was at $11.60 and I sold with a loss of $3.65 per share.<\/p>\n

MOMO<\/strong><\/p>\n

3\/25\/21 \u2013 Buy 400 Shares MOMO @ 15.25<\/strong><\/p>\n

8\/17\/21 \u2013 Sell 400 Shares MOMO @ $11.60 <\/strong><\/p>\n

\u00a0Loss -$1460<\/strong><\/span><\/h4>\n
\n

I made a few more trades. They are all listed on the Active Positions<\/a><\/span> page.<\/p>\n

 <\/p>\n

I have not posted my weekly results in 2 weeks. I will post this week, but because of the 2 trades above, which were at a loss, it will be a losing week.<\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve received a few emails about me being missing in action for a few weeks. This is the longest I went without posting since Main Street beats Wall Street started. There’s 2 reasons why. #1 is, I hate the way the markets have been moving. Or, I should say, the markets are moving pretty well […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-12092","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-392","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12092"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12092\/revisions"}],"predecessor-version":[{"id":12093,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12092\/revisions\/12093"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}