StellarXing
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Recently, I have violated the trading rules multiple times, even though I clearly knew it was a mistake.
The market doesn't care who you are, you will pay the price for your own actions.
The account experienced its largest drawdown in history👇
Reduce/Clearance:
$Sarepta Therapeutics (SRPT.US)$ Added on Monday when it broke through (-0.5%), but failed to maintain the breakout on the same day. Got stopped out on Tuesday after it fell below the stop loss, tried to remedy once but got stopped out again.
$Rocket (RKT.US)$ On Monday and Wednesday, I reduced the position twice, each time by 1/6. The reaction after the financial report was good, and it is currently the best-performing position this week.
$Palo Alto Networks (PANW.US)$ On Tuesday, it closed below the 50MA (-0.13%) and exited according to plan.
Add:
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ Bought in during the turning point of VIX on Tuesday, and actually gained over 25% profit on Wednesday. I was too greedy and didn't make any reductions, thinking I could rest easy with around 20% profit. I didn't set a stop loss after the market opened and went to sleep. When I woke up in the morning, I found that all the profit had disappeared and turned into losses. I retaliated by adding positions after market close... (Does this sound familiar? This is a common mistake that most traders make: spreading failure...
The market doesn't care who you are, you will pay the price for your own actions.
The account experienced its largest drawdown in history👇
Reduce/Clearance:
$Sarepta Therapeutics (SRPT.US)$ Added on Monday when it broke through (-0.5%), but failed to maintain the breakout on the same day. Got stopped out on Tuesday after it fell below the stop loss, tried to remedy once but got stopped out again.
$Rocket (RKT.US)$ On Monday and Wednesday, I reduced the position twice, each time by 1/6. The reaction after the financial report was good, and it is currently the best-performing position this week.
$Palo Alto Networks (PANW.US)$ On Tuesday, it closed below the 50MA (-0.13%) and exited according to plan.
Add:
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ Bought in during the turning point of VIX on Tuesday, and actually gained over 25% profit on Wednesday. I was too greedy and didn't make any reductions, thinking I could rest easy with around 20% profit. I didn't set a stop loss after the market opened and went to sleep. When I woke up in the morning, I found that all the profit had disappeared and turned into losses. I retaliated by adding positions after market close... (Does this sound familiar? This is a common mistake that most traders make: spreading failure...
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StellarXing
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Many traders who do not understand supply and demand wonder why they should buy after the price breaks through the key level:
Doesn't this mean buying at a higher price?
Does buying within the range reduce costs?
The following example explains why it should be done this way👇
Doesn't this mean buying at a higher price?
Does buying within the range reduce costs?
The following example explains why it should be done this way👇
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10
StellarXing
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Select based on certain criteria👇
Supplement sectors that have performed well in the past 20 days👇
Supplement sectors that have performed well in the past 20 days👇
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StellarXing
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$Warrior Met Coal (HCC.US)$ 需要RS线(主图蓝色)突破前高(目前差距不小)
$Oscar Health (OSCR.US)$价格需要进一步压缩以降低风险比
$Constellation Energy (CEG.US)$图形方面目前都很好
$Applovin (APP.US)$ 需要更紧密的价格,突破时RS和价格要同步
$Micron Technology (MU.US)$ 目前图形只完成不到一半,还需要继续整理。
$NVIDIA (NVDA.US)$ 自3月8日起,排除小的派发日,大型派发日目前有5天,基本面几乎无敌,但还需要较长时间整理。
$Viking Therapeutics (VKTX.US)$ 需要看到更紧密的图形,目前RS已经领先于价格(好现象),寻找低风险(范围内止损)切入点难度不小,值得等机会尝试。
$Dell Technologies (DELL.US)$ RS线目前都不错,需要更紧密的图形。
$Vertiv Holdings (VRT.US)$ 财报风险已经度过,RS线遥遥领先,需要时间稍微消化一下50MA的过度延伸...
$Oscar Health (OSCR.US)$价格需要进一步压缩以降低风险比
$Constellation Energy (CEG.US)$图形方面目前都很好
$Applovin (APP.US)$ 需要更紧密的价格,突破时RS和价格要同步
$Micron Technology (MU.US)$ 目前图形只完成不到一半,还需要继续整理。
$NVIDIA (NVDA.US)$ 自3月8日起,排除小的派发日,大型派发日目前有5天,基本面几乎无敌,但还需要较长时间整理。
$Viking Therapeutics (VKTX.US)$ 需要看到更紧密的图形,目前RS已经领先于价格(好现象),寻找低风险(范围内止损)切入点难度不小,值得等机会尝试。
$Dell Technologies (DELL.US)$ RS线目前都不错,需要更紧密的图形。
$Vertiv Holdings (VRT.US)$ 财报风险已经度过,RS线遥遥领先,需要时间稍微消化一下50MA的过度延伸...
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StellarXing
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Last week's review 👉🏻Market Review + Core Position Analysis (15/04-19/04 1024)
"To win in an environment where everyone has the same goal, you must do what most investors are unwilling or unable to do consciously or unconsciously." -Mark.Minervini
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ Distribute on Wednesday, accumulate funds on Thursday;
$S&P 500 Index (.SPX.US)$ Diverge on Wednesday, accumulate funds on Thursday;
$Dow Jones Industrial Average (.DJI.US)$ Diverge on Wednesday and Thursday.
NDX>SPX>DJI
The SPX failed to trigger the Follow Through Day (FTD) on Friday, the entire market is near the dense volume overhead zone. It has completed one leg so far. I like to imagine the market correction period as the time to refuel a car. The volume is the required gasoline. We have already added a little fuel, but it is not enough to complete the next wave of trend movement. If we forcibly drive, the probability of accidents along the way is very high. I will continue to patiently wait for it to refuel and be fully prepared.
Weekly charts of NDX and SPX:
The dense financial reports this week supported the trading volume. Next week's financial reports are equally dense, and the trading volume will not be low. Keep watching the market for free, trying to extract more information from the cards provided by the market, helping to establish clear action signals in advance.
The market...
"To win in an environment where everyone has the same goal, you must do what most investors are unwilling or unable to do consciously or unconsciously." -Mark.Minervini
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ Distribute on Wednesday, accumulate funds on Thursday;
$S&P 500 Index (.SPX.US)$ Diverge on Wednesday, accumulate funds on Thursday;
$Dow Jones Industrial Average (.DJI.US)$ Diverge on Wednesday and Thursday.
NDX>SPX>DJI
The SPX failed to trigger the Follow Through Day (FTD) on Friday, the entire market is near the dense volume overhead zone. It has completed one leg so far. I like to imagine the market correction period as the time to refuel a car. The volume is the required gasoline. We have already added a little fuel, but it is not enough to complete the next wave of trend movement. If we forcibly drive, the probability of accidents along the way is very high. I will continue to patiently wait for it to refuel and be fully prepared.
Weekly charts of NDX and SPX:
The dense financial reports this week supported the trading volume. Next week's financial reports are equally dense, and the trading volume will not be low. Keep watching the market for free, trying to extract more information from the cards provided by the market, helping to establish clear action signals in advance.
The market...
Translated
+10
7
StellarXing
liked
Thursday and Friday are practically collective actions👇
Here are some eye-catching charts within the industry:
$Sweetgreen (SG.US)$ 👇
$CAVA Group (CAVA.US)$ 👇
$Wingstop (WING.US)$ 👇
$Shake Shack (SHAK.US)$ 👇
$Texas Roadhouse (TXRH.US)$ 👇
No need to chase, patiently wait for a low-risk entry opportunity 🚴🏻
Here are some eye-catching charts within the industry:
$Sweetgreen (SG.US)$ 👇
$CAVA Group (CAVA.US)$ 👇
$Wingstop (WING.US)$ 👇
$Shake Shack (SHAK.US)$ 👇
$Texas Roadhouse (TXRH.US)$ 👇
No need to chase, patiently wait for a low-risk entry opportunity 🚴🏻
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+6
9
StellarXing
liked
During market adjustments, I focus on searching for names that are unique.
Currently, it has been 19 days since the short-term peak of SPX, which means looking for names that have performed well in the past 19 days and meet certain conditions. After Friday, it will change to 20 days, and after next Monday, it will change to 21 days... and so on...
The following are the search criteria👇
Only two potential setups that exist in the charts have caught my attention👇
Currently, it has been 19 days since the short-term peak of SPX, which means looking for names that have performed well in the past 19 days and meet certain conditions. After Friday, it will change to 20 days, and after next Monday, it will change to 21 days... and so on...
The following are the search criteria👇
Only two potential setups that exist in the charts have caught my attention👇
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StellarXing
liked
“Trading is a battle between risk and reward. Is the expected return worth the risk?
If the answer is no, then it's no fun.”
-Marc Minervini
If the answer is no, then it's no fun.”
-Marc Minervini
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StellarXing
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Review of last week 👉🏻Market Review + Core Position Analysis (08/04-12/04 2024)
"In the stock market, you can stand outside for free, observe, and wait for the best betting opportunity. Before betting, you can see the market's 'bottom line' for free." - Mark. Minervini
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ Distributed on Wednesday and Friday;
$S&P 500 Index (.SPX.US)$ Distributed on Tuesday and Friday;
$Dow Jones Industrial Average (.DJI.US)$ Accumulating funds on Friday.
DJI is greater than SPX, which is greater than NDX.
After the market cut the 'sky pool' on Monday, it went straight down. During this time, some of the people in the pool became part of the selling force due to emotional factors. Although the market is currently oversold in the short term and there is a possibility of a rapid rebound in the short term, we still cannot ignore the potential selling pressure from nearly two months of trading volume. I never cleverly look for so-called resistance levels. Each bottom is jointly determined by all market participants. At that time, the market may give a clear signal again, like the 'O'Neil rule' on November 2 last year. Patience is necessary, and at the same time, be prepared for the potential next wave of upward momentum. When it comes, there will be infinite opportunities.
Weekly charts of NDX and SPX:
From the weekly charts, it can be seen that both NDX and SPX have been in a consolidation phase recently. The NDX has been trading in a range between 14,000 and 14,500, while the SPX has been consolidating around the 4,100 level. The price actions suggest uncertainty in the market as it searches for direction. Traders should monitor the breakouts or breakdowns from these consolidation ranges for potential trading opportunities.
"In the stock market, you can stand outside for free, observe, and wait for the best betting opportunity. Before betting, you can see the market's 'bottom line' for free." - Mark. Minervini
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ Distributed on Wednesday and Friday;
$S&P 500 Index (.SPX.US)$ Distributed on Tuesday and Friday;
$Dow Jones Industrial Average (.DJI.US)$ Accumulating funds on Friday.
DJI is greater than SPX, which is greater than NDX.
After the market cut the 'sky pool' on Monday, it went straight down. During this time, some of the people in the pool became part of the selling force due to emotional factors. Although the market is currently oversold in the short term and there is a possibility of a rapid rebound in the short term, we still cannot ignore the potential selling pressure from nearly two months of trading volume. I never cleverly look for so-called resistance levels. Each bottom is jointly determined by all market participants. At that time, the market may give a clear signal again, like the 'O'Neil rule' on November 2 last year. Patience is necessary, and at the same time, be prepared for the potential next wave of upward momentum. When it comes, there will be infinite opportunities.
Weekly charts of NDX and SPX:
From the weekly charts, it can be seen that both NDX and SPX have been in a consolidation phase recently. The NDX has been trading in a range between 14,000 and 14,500, while the SPX has been consolidating around the 4,100 level. The price actions suggest uncertainty in the market as it searches for direction. Traders should monitor the breakouts or breakdowns from these consolidation ranges for potential trading opportunities.
Translated
+10
18