Summary of this week's deals (15/07-19/07 2024)
In a week of significant fluctuations, VIX's real volatility reached a new high since the bank crash in March 2023. Based on the experience of the past year and a half, I decided to delay making decisions on some individual stocks. I need to see the stock's performance when the actual volatility stabilizes (at least 3 days) to make a decision.
This week's deals 👇
Reduction/Clearance:
$First Solar(FSLR.US$ (-0.36%) A normal stop-loss exit, a breakthrough after a pullback, and no trading volume support. Future decisions on similar trades need to be made earlier and more decisive, so that losses can be avoided/reduced, and account losses of 0.36% can be avoided.
$TG Therapeutics(TGTX.US$ The stock price has risen 30% since the purchase point, and selling 20% of the original position protects profits and increases the fault tolerance rate in the future.
$Royal Caribbean(RCL.US$ (+1.24%) Touched the upper edge of the channel upward again this week, so it was decided to sell the remaining half of the position and leave the market. It has been holding for a long time. The return is more than 4 times the original risk, and the account profit is 1.24%.
$Amazon(AMZN.US$ (-0.2%) Normal stop-loss exit. In fact, a signal was given on the penultimate sixth day before the exit. It broke through the tight flag in the case of a large trading volume. I was still living in a fantasy and turned a blind eye 😅, and my account lost 0.2%.
$Hims & Hers Health(HIMS.US$ (-0.3%) Like FSLR, it is also a pullback breakthrough with no trading volume. Early decisions need to be made. It will be very beneficial in the long run. The account lost 0.3%.
$Palantir(PLTR.US$ In the process of market liquidation in the past three days, it actually showed very good relative strength. When making a profit of 25%, it was decided to first sell 20% of the position to protect profits. In order to improve fault tolerance later, the “pendulum effect” (not much of a gap) has yet been completed.
$Palo Alto Networks(PANW.US$ On Wednesday, 40% of the total planned purchase position was bought in advance within a narrow fluctuation range (drawing on some of David RYAN's operating habits for blue chips). It briefly fell below the range on Thursday and recovered on Friday. If it progresses smoothly, it will fill the remaining 60% of the planned purchase position after breaking through the upward range. Currently, the account risk is < 0.1%.
$Marathon Digital(MARA.US$ It was added for the fourth time on Thursday. BTC experienced a large collision between supply and demand on Wednesday and Thursday. It ended with a high demand side trading volume on Friday. Currently, IWM is in the recuperation phase after the eruption. These two are the main factors affecting miner stock performance. Taken together, it is currently in the early stages of breaking through the base. The trading volume on Thursday's biggest falling day was the lowest recently. I have no reason to be pessimistic about it yet.
$Tesla(TSLA.US$ Another 1.2% position was added on Thursday. Looking back at this operation, there is some cerebral hemorrhage, but overall, it is still within a manageable range. Although it is currently below 10MA, the trading volume has continued to shrink for the last 6 days; prices have also slowly declined to lower their posture for next week's earnings report; the rest period is in the early stages of breaking through the trend, and trading volume is the basis. Next week, positions will be adjusted in the upper and lower directions. Next week, positions will be adjusted according to price behavior.
These are all of this week's deals;
The FSLR, HIMS, and AMZN deals showed me obvious weaknesses in my transactions;
FSLR and HIMS are set-up issues, and AMZN is a problem where obvious signals appear later;
When making future decisions, I think of these three deals from time to time. Compared with the other two deals from last week: RKT (with a breakthrough in trading volume and a large cycle base), CPRX (with no trading volume, but based on a large cycle base), it's easy to tell the difference between them 🚴🏻
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