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Since trading is quite active this week, there are many orders, so putting them together separately doesn't take up much space for weekly position analysis.
$DraftKings(DKNG.US$ Stop loss is out. (-0.3%)
$Applovin(APP.US$ An attempt was made to chase the leader at 10MA on Monday and was knocked out on Wednesday. (-0.3%)
$Pegasystems(PEGA.US$ On Friday, I saw that it had fallen below the three moving averages. Although the stop loss was not reached, it was manually cleared out early (-0.28%)
$Spotify Technology(SPOT.US$ The fraudulent position broke through the purchase and has not shown much strength yet. Keep watching. Relative account risk: 0.3%
$Western Digital(WDC.US$ I bought a 2T VCP breakthrough on Thursday, and now it is back within the range. Continue to observe. Relative account risk: 0.3%
$Signet Jewelers(SIG.US$ I bought a 4T VCP breakthrough on Friday. Currently, it is barely near the breakout line. Continue to observe. Relative account risk: 0.3%
$GE Vernova LLC(GEV.US$ Electricity and energy IPO stocks, breaking through the buying flag, and the price and trading volume responded well. Relative account risk: 0.3%
$Crocs(CROX.US$ The handle of the teacup broke through the purchase,...
$DraftKings(DKNG.US$ Stop loss is out. (-0.3%)
$Applovin(APP.US$ An attempt was made to chase the leader at 10MA on Monday and was knocked out on Wednesday. (-0.3%)
$Pegasystems(PEGA.US$ On Friday, I saw that it had fallen below the three moving averages. Although the stop loss was not reached, it was manually cleared out early (-0.28%)
$Spotify Technology(SPOT.US$ The fraudulent position broke through the purchase and has not shown much strength yet. Keep watching. Relative account risk: 0.3%
$Western Digital(WDC.US$ I bought a 2T VCP breakthrough on Thursday, and now it is back within the range. Continue to observe. Relative account risk: 0.3%
$Signet Jewelers(SIG.US$ I bought a 4T VCP breakthrough on Friday. Currently, it is barely near the breakout line. Continue to observe. Relative account risk: 0.3%
$GE Vernova LLC(GEV.US$ Electricity and energy IPO stocks, breaking through the buying flag, and the price and trading volume responded well. Relative account risk: 0.3%
$Crocs(CROX.US$ The handle of the teacup broke through the purchase,...
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$First Solar(FSLR.US$One of last week's brightest stars, then let's take a close look back at what happened before it broke out:
First, let's look at the weekly chart. The 10MA began to turn upward at the end of March, and the 30MA turned upward for the first time since the week of April 8. The big outbreak occurred in the sixth week after that.
Daily chart:
Since the price returned above 50MA at the end of March, it has not fallen below 50MA. 50MA has been moving upward, and has formed two classic fraudulent buying points. The trading volume was very low for 2-3 days in the fraud clearance range, and RSI has remained above 50;
According to Mark's entry method, you can cut in twice. The 4 trading days that began on the official eruption day were all huge trading volumes, and volume and price skyrocketed, making it worth reviewing and studying over and over again 🚴🏻
Never stop backtesting emerging winners 🚴🏻
First, let's look at the weekly chart. The 10MA began to turn upward at the end of March, and the 30MA turned upward for the first time since the week of April 8. The big outbreak occurred in the sixth week after that.
Daily chart:
Since the price returned above 50MA at the end of March, it has not fallen below 50MA. 50MA has been moving upward, and has formed two classic fraudulent buying points. The trading volume was very low for 2-3 days in the fraud clearance range, and RSI has remained above 50;
According to Mark's entry method, you can cut in twice. The 4 trading days that began on the official eruption day were all huge trading volumes, and volume and price skyrocketed, making it worth reviewing and studying over and over again 🚴🏻
Never stop backtesting emerging winners 🚴🏻
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Last week in review 👉🏻Market Review+Core Position Analysis (13/05-17/05 2024)
“Long-term success in the stock market is not about hope or luck. Successful stock traders have rules and well-thought-out plans. In contrast, losers lack rules, or even if they do, they don't stick to them for long; they are people who deviate from the rules.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Funding is attracted on Tuesday, divided by three points on Monday, and distributed on Thursday;
$S&P 500 Index(.SPX.US$ Funding is attracted on Tuesday and distributed on Wednesday and Thursday;
$Dow Jones Industrial Average(.DJI.US$ Divided on Tuesday, distributed on Thursday.
NDX>DJI>SPX.
I personally like the behavior of the Thursday market. After the NVDA earnings report, the market was full of joy before the opening on Thursday. A few times everything opened higher. After opening, the market showed its attitude, making people realize who made the final decision here 👏;
It returned to normal on Friday, and the market continued the upward trend that had just resumed before. Many stocks were set up, personal purchase plans were not yet completed, and there was still a lot of cash to use, so I wouldn't rush to clean up stocks that I currently hold and have not reached a stop loss; I need to let the market help me gradually screen out the weeds in my garden over a certain period of time.
ND...
“Long-term success in the stock market is not about hope or luck. Successful stock traders have rules and well-thought-out plans. In contrast, losers lack rules, or even if they do, they don't stick to them for long; they are people who deviate from the rules.” -Mark Minervini
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US$ Funding is attracted on Tuesday, divided by three points on Monday, and distributed on Thursday;
$S&P 500 Index(.SPX.US$ Funding is attracted on Tuesday and distributed on Wednesday and Thursday;
$Dow Jones Industrial Average(.DJI.US$ Divided on Tuesday, distributed on Thursday.
NDX>DJI>SPX.
I personally like the behavior of the Thursday market. After the NVDA earnings report, the market was full of joy before the opening on Thursday. A few times everything opened higher. After opening, the market showed its attitude, making people realize who made the final decision here 👏;
It returned to normal on Friday, and the market continued the upward trend that had just resumed before. Many stocks were set up, personal purchase plans were not yet completed, and there was still a lot of cash to use, so I wouldn't rush to clean up stocks that I currently hold and have not reached a stop loss; I need to let the market help me gradually screen out the weeds in my garden over a certain period of time.
ND...
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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 $Henry Hub Natural Gas Futures(JUL4)(NGmain.US$ 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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