Summary of this week's deals (22/07/-26/07 2024)
This week experienced a sharp retracement in account earnings (from 42.7% to 26.8% in 7 trading days). Among them, in addition to some return returns, there was also an illegal operation, which caused some unnecessary additional losses, in line with the saying “if you don't manage risk, you will be repaired by risk”
Reduction/Clearance:
$Tesla(TSLA.US$Monday was cut by 1/3 before the earnings report, and some profit was locked in. Currently, it was temporarily above the first gap and cooled down for 2 days on Thursday and Friday; since the upper part currently has a 14-day high-volume candle forming a new supply area, there is also a large cycle consolidation range below, and subsequent prices are likely to operate within these two ranges, up to 230-245, and below to 175-190. We are looking for opportunities to continue to cut/clear positions in the short term, and there are no plans to increase positions until fall.
$Netflix(NFLX.US$ (+0.13%) fell below the stop loss on Thursday and withdrew from the trade with a profit of 0.13%. The deal showed some obvious problems: 1. Stocks that did not show strong momentum had too little upfront locked profit percentage; 2. They ignored the signal that large trading volume fell below the bear flag; 3. Procrastination caused by the mentality of always waiting and watching.
$Carvana(CVNA.US$ Due to the proximity of financial reports, positions were cut by 1/3 using Friday's strength to provide a more percentage cushion for financial reports and manage risk.
$Vertiv Holdings(VRT.US$ (-0.8%) This week's illegal trade, a stop-loss limit order was set to buy a 4% position before the earnings report, and a 5% price reminder was set. The price reminder sounded not long after the purchase. According to the rules, they should withdraw immediately, but due to procrastination habits, they wanted to see if they could pull back after opening; the hope was beautiful, the reality was very ruthless, and the price trend went all the way south; just one step wrong, the price didn't improve for the next two days. I had no choice but to clear the position and leave the market with a 0.8% loss on Friday. It only took 3 days...
Last week's SMCI was also one step wrong. Every step of the way, violations+delays will take you to a more difficult situation step by step;
With a sense of luck, there may be times when this will give you good results, but eventually there will be liquidation times “If you don't manage risk, you will eventually be risk-repaired”
add:
$Marathon Digital(MARA.US$ On Tuesday, when the price dropped to around 10MA and the platform, it was added again in small amounts. Another cerebral hemorrhage operation. I was wantonly squandering the solid foundation that MARA had laid for almost 1 year... I need to wait for an opportunity to cut it later.
$Catalyst Pharmaceuticals(CPRX.US$ The new small consolidation range “Kiss” 10MA made a small increase in positions after breaking through upward, and is currently still cooling down. Although it belongs to the currently strong biotech sector, we still need to pay attention to malignant signals.
$Tenet Healthcare(THC.US$ The response was good after Wednesday's earnings report. After calculating the risk in detail, the account risk was 0.3%. It is currently in the middle and late stages of a strong upward trend in the larger cycle. If it works well in the future, we need to pay attention to protecting profits.
$ProShares UltraPro QQQ ETF(TQQQ.US$ QQQ has plummeted close to 10% in just 11 days. Currently, the price is in the consolidation zone of May, and is also at the lower end of the upward trend line. VIX has released a large amount of risk. Currently, it is still high, and the risk ratio is excellent. When the market first began to recover on Thursday, the account risk was less than 0.2%. For the time being, it is still questionable whether it will start the next wave of markets.
Here are all of this week's deals.
Some of the decisions of the last two weeks have clearly not helped to increase trading confidence, which is critical for traders.
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