Attentive Slopers know that Rivian was my one and only long position. Was. I had a stop-loss at 18.25 (I bought it at 18.90) and got stopped out this morning at 18.20. Good thing, too. It’s a full dollar lower than my execution price already. That’s what stops are for!
It seems that, yet again, what should have been a breakout has morphed into a slump. Probably the next and best opportunity for RIVN would be after getting pummeled down to that ascending trendline, which could take months.
In retrospect, we can see RIVN did a good job of almost perfectly sealing its price gap (dashed line, with price noted). Anyway, I’m 100% pure unapologetic bear again.
Speaking of which, today is the first day of 2026 that’s actually felt really good to me trading-wise. Everything seems to be going well (except for a stupid GDX short, my only loss – – I gotta stop messing with precious!) and I’m pretty fully loaded with 30 different positions (mostly shorts, some put options).
