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This is a recent tweet from Mark Minervini on Twitter 👇
Since the day after the contraction was the quarterly earnings report, we have no way of knowing whether Mark traded this stock, but we can do it according to $Blueprint Medicines(BPMC.US$The chart shows some telltale signs of why Mark is paying attention to this stock.
First, take a look at the IBD chart. The two recent sharp declines have produced a bullish divergence from the RS line 👇
Some other important metrics 👇
Back to the MOOMOO chart:
The figure uses purple lines to connect the high and low points of the finishing area, as follows:
101,84.81
97, 84.33
94.67, 88.46
94.98, 90.745
The difference is obtained by subtracting before and after:
16.19
12.67
6.21
4.235
High and low point gap%:
16%
13.06%
6.56% (met the conditions)
4.46% (conditions met)
Finally, a white line is drawn to break through the buying point, and the recent low uses a red line to indicate a stop loss.
Next, we use a $100,000.00 account as an account model. Swing trading corresponds to a reasonable stop loss range of 1% to 0.25% of the account
1% account stop loss = $1,000.00. You can buy 236 shares with a price difference stop loss corresponding to 4.235. The amount used: $22,427.00...
Since the day after the contraction was the quarterly earnings report, we have no way of knowing whether Mark traded this stock, but we can do it according to $Blueprint Medicines(BPMC.US$The chart shows some telltale signs of why Mark is paying attention to this stock.
First, take a look at the IBD chart. The two recent sharp declines have produced a bullish divergence from the RS line 👇
Some other important metrics 👇
Back to the MOOMOO chart:
The figure uses purple lines to connect the high and low points of the finishing area, as follows:
101,84.81
97, 84.33
94.67, 88.46
94.98, 90.745
The difference is obtained by subtracting before and after:
16.19
12.67
6.21
4.235
High and low point gap%:
16%
13.06%
6.56% (met the conditions)
4.46% (conditions met)
Finally, a white line is drawn to break through the buying point, and the recent low uses a red line to indicate a stop loss.
Next, we use a $100,000.00 account as an account model. Swing trading corresponds to a reasonable stop loss range of 1% to 0.25% of the account
1% account stop loss = $1,000.00. You can buy 236 shares with a price difference stop loss corresponding to 4.235. The amount used: $22,427.00...
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Natural gas $Henry Hub Natural Gas Futures(JUN4)(NGmain.US$ The foundation has been established for a long time since the last trading volume release bottomed out, and the recent huge trading volume has shown upward strength 👇
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This is the yield curve of the trader's own account.
If you repeatedly summarize and study your past yield curve, you will see your unique strengths and weaknesses; and with the following questions 👇
Is it possible to basically identify the most basic characteristics of the upward trend and adjustment period in the market?
Were you fully involved in trading during the main upward trend?
Were transactions drastically reduced or not traded during periods of market adjustment?
Are there still problems with stock selection?
Is the position the right size?
Is it possible to cut weed in positions too slowly or sell too early/late to big winners?
The most important question after the research isn't to ask yourself “Can I do a better account yield curve?”
Instead, ask “What can I do to have a better account yield curve?”
Below are yield curves for the last two major uptrends, where you can always find areas for improvement to do better in the next uptrend. 🚴🏻
June-July 2023:
November 2023 to March 2024:
Research your past transactions over and over again, learn from them and find improvement plans, and confirm implementing this plan when you make your next transaction. 🚴🏻
Finally: Keep reading 🚴🏻 (The human body needs timely nutritional supplementation; mental and spiritual needs are equally necessary)
If you repeatedly summarize and study your past yield curve, you will see your unique strengths and weaknesses; and with the following questions 👇
Is it possible to basically identify the most basic characteristics of the upward trend and adjustment period in the market?
Were you fully involved in trading during the main upward trend?
Were transactions drastically reduced or not traded during periods of market adjustment?
Are there still problems with stock selection?
Is the position the right size?
Is it possible to cut weed in positions too slowly or sell too early/late to big winners?
The most important question after the research isn't to ask yourself “Can I do a better account yield curve?”
Instead, ask “What can I do to have a better account yield curve?”
Below are yield curves for the last two major uptrends, where you can always find areas for improvement to do better in the next uptrend. 🚴🏻
June-July 2023:
November 2023 to March 2024:
Research your past transactions over and over again, learn from them and find improvement plans, and confirm implementing this plan when you make your next transaction. 🚴🏻
Finally: Keep reading 🚴🏻 (The human body needs timely nutritional supplementation; mental and spiritual needs are equally necessary)
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Last week in review 👉🏻Market Review+Core Position Analysis (22/04-26/04 2024)
“I've made as many mistakes in stock trading as many times as I was right, which has helped me grow both my career and my personal wealth. The key is asymmetric leverage; you make more money when you make a profit than when you lose, and you always get a return. This is the Holy Grail!” (All transactions only serve the profit curve of your account, nothing more) -Mark.Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Distributed on Tuesday and attracted funds on Friday;
$S&P 500 Index(.SPX.US$ Dispatched on Tuesday and Wednesday;
$Dow Jones Industrial Average(.DJI.US$ Distributed on Tuesday, divided on Friday.
NDX>DJI>SPX
The first 4 days of decline this week. The market opened sharply higher with the support of APPL earnings on Thursday and very good pre-market inflation data on Friday, but with the support of such superior external factors, SPX still failed to complete the “Follow-up Day (FTD)”, and was almost all blocked below 50MA and the intensive trading zone above. From a trading psychology analysis, this position has a great advantage for traders to go short: the distance from the 50MA above and the “sky pool” is extremely short, that is, the stop-loss cost (risk) is extremely small...
“I've made as many mistakes in stock trading as many times as I was right, which has helped me grow both my career and my personal wealth. The key is asymmetric leverage; you make more money when you make a profit than when you lose, and you always get a return. This is the Holy Grail!” (All transactions only serve the profit curve of your account, nothing more) -Mark.Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Distributed on Tuesday and attracted funds on Friday;
$S&P 500 Index(.SPX.US$ Dispatched on Tuesday and Wednesday;
$Dow Jones Industrial Average(.DJI.US$ Distributed on Tuesday, divided on Friday.
NDX>DJI>SPX
The first 4 days of decline this week. The market opened sharply higher with the support of APPL earnings on Thursday and very good pre-market inflation data on Friday, but with the support of such superior external factors, SPX still failed to complete the “Follow-up Day (FTD)”, and was almost all blocked below 50MA and the intensive trading zone above. From a trading psychology analysis, this position has a great advantage for traders to go short: the distance from the 50MA above and the “sky pool” is extremely short, that is, the stop-loss cost (risk) is extremely small...
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$Tesla(TSLA.US$ Tesla ruined my life, Musk, and I'm not done with you until I'm rich, I'll short you
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As the market adjusted, I focused on finding those unique names.
Currently, 19 days have passed since the short-term peak of SPX, that is, set a name with the highest increase in the past 19 days and meet some conditions. After Friday, it will be changed to the 20th, and after next Monday, it will be changed to the 21st...
Here are the search criteria 👇
Currently there are only two chart potential settings that have caught my attention 👇
Currently, 19 days have passed since the short-term peak of SPX, that is, set a name with the highest increase in the past 19 days and meet some conditions. After Friday, it will be changed to the 20th, and after next Monday, it will be changed to the 21st...
Here are the search criteria 👇
Currently there are only two chart potential settings that have caught my attention 👇
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Generally speaking, returning to the original region within 3 days can restore the previous balance or even continue to improve; if this does not happen, price restoration in the true sense of the word will occur, and a few weeks are unavoidable 🚴🏻
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Last week in review 👉🏻Market Review+Core Position Analysis (01/04-05/04 2024)
“If the index falls, but the stock setup surges and the breakthrough is effective, I'll buy the stock! But if the index hits new highs, and few stocks are set correctly according to my own standards, or few trades show progress, I'll hold a lot of cash... even if the popular average index soars!
How long will it take? It doesn't matter how long!!
Can you do that?
If that's not the case, then your chances of surpassing the market in trading leading stocks are slim.”
-Marc Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Funding is drawn on Tuesday and Thursday, and distributed on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Divided on Tuesday, distributed on Wednesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Divided on Tuesday and distributed on Friday.
NDX > SPX > DJI
A week of huge fluctuations. The daily chart we talked about a few weeks ago has almost been cut, and things don't develop “the way it should” every day. The DJI index crashed first. NDX and SPX formed a huge sky pool above the gap, facing a huge risk of being cut. If cut, then everything in the pool remains...
“If the index falls, but the stock setup surges and the breakthrough is effective, I'll buy the stock! But if the index hits new highs, and few stocks are set correctly according to my own standards, or few trades show progress, I'll hold a lot of cash... even if the popular average index soars!
How long will it take? It doesn't matter how long!!
Can you do that?
If that's not the case, then your chances of surpassing the market in trading leading stocks are slim.”
-Marc Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Funding is drawn on Tuesday and Thursday, and distributed on Wednesday and Friday;
$S&P 500 Index(.SPX.US$ Divided on Tuesday, distributed on Wednesday and Friday;
$Dow Jones Industrial Average(.DJI.US$ Divided on Tuesday and distributed on Friday.
NDX > SPX > DJI
A week of huge fluctuations. The daily chart we talked about a few weeks ago has almost been cut, and things don't develop “the way it should” every day. The DJI index crashed first. NDX and SPX formed a huge sky pool above the gap, facing a huge risk of being cut. If cut, then everything in the pool remains...
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