Summary of trades this week (14/10-18/10 2024)
Liquidation:
$Intuitive Machines (LUNR.US)$ (-0.22%) Here I made the same foolish mistake again. I bought at pre-market open on Monday at what I thought was a gap price, but was stopped out in less than 30 minutes after the market opened. Clear modification is needed here: avoid all pre-market purchases, especially buying at gap prices. You can wait until after the market opens to operate around the opening price, as there will often be a clear trend within 30 to 90 minutes of the market opening, making it easier to operate. This is the 4th time falling on this name - account loss of 0.22%.
$NIO Inc (NIO.US)$ (+0.34%) On Monday, breached the hard stop-loss set, exited with a balanced profit/loss for 2/3 of the position, account profit of 0.34%.
$Doximity (DOCS.US)$ (+0.86%) On Monday, the closing price was below the 20-day moving average (20MA). Sold the remaining 1/2 of the position according to the trading system, account profit of 0.86%.
$SharkNinja (SN.US)$ (+0.8%) On Wednesday, the closing price was below the 20-day moving average (20MA). Sold the remaining 1/2 of the position according to the trading system, account profit of 0.8%.
Reduction:
$Upstart (UPST.US)$(-1/3) On Tuesday and Wednesday, respectively sold 1/6 of the position at prices exceeding 3 times the stop-loss profit, totaling selling 1/3 of the position, completing the first step of profit protection in the system, raising the stop-loss to break-even, and freely riding the remaining 2/3 of the position following the rules.
$NuScale Power (SMR.US)$ (-1/3) The previous action trajectory was to first rise about 90% from the bottom, then start consolidation. The second bottom of the consolidation was higher than the first bottom and successfully tested the 20-day moving average (20MA). Last Friday was pressured by the previous high. On Monday, bought the breakout above the previous high with a 0.3% account risk, with a very tight stop-loss. Tested the stop-loss price successfully on Tuesday, erupted on Wednesday, far exceeding 3 times the stop-loss within the first hour after the market opened. Sold 1/3 of the position to protect profits, raised the stop-loss to break-even, and rode the remaining position freely following the rules.
添加：
$NextNav (NN.US)$ (0.3%) This is a low 3T VCP pattern, which has been suppressed at this price level twice before. Buying at this price level breakout on Wednesday, with some price follow-up in the following two days, account risk is 0.3%.
$Applied Digital (APLD.US)$ (0.3%) Buying again after the largest trading volume candlestick before its breakout on Wednesday, the price successfully tested the 10, 20 MA on Friday, no progress in price currently. This is the second recent attempt to trade it, exit below 20MA, continue to participate above 20MA, account risk is 0.3%.
$Pitney Bowes (PBI.US)$ (0.3%) This is a classic high-level consolidation 3T VCP pattern, bought after the breakout of the third T on Friday, no progress at the moment, account risk is 0.3%.
$Modine Manufacturing (MOD.US)$ (0.3%) High-level consolidation pattern, with higher low points, attempting to buy after the breakout of the highest end of the second low point candlestick, no progress at the moment, account risk is 0.3%.
$ProShares Ultra Bitcoin ETF (BITU.US)$ The bonus trade of BTC, the alarm clock for BTC finally rang on Tuesday, breaking the second HH, buying half of the total planned purchase according to the plan, waiting for the second BTC alarm clock to ring before completing the full position, trading purely based on price action.
The above is all the trades for this week.
"The difference between the best traders and others is that they 'are not afraid'. I cannot find any other difference."
He keenly observed that the difference between the best traders and other traders is not in superior systems or chart analysis skills, but in 'not being afraid'.
Outstanding traders have been fearless from the beginning.
They did not use any amazing emotional control techniques; they just were not afraid from the beginning.
He clearly stated that the main theme of this book is "how to create a fearless state of mind". - Mark Douglas, "Trading in the Zone"
He keenly observed that the difference between the best traders and other traders is not in superior systems or chart analysis skills, but in 'not being afraid'.
Outstanding traders have been fearless from the beginning.
They did not use any amazing emotional control techniques; they just were not afraid from the beginning.
He clearly stated that the main theme of this book is "how to create a fearless state of mind". - Mark Douglas, "Trading in the Zone"
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