Summary of this week's trades (22/07/-26/07 2024)
This week witnessed a significant withdrawal in account earnings (a retreat from 42.7% to 26.8% over 7 trading days), apart from some profit taking, there was also a violation that led to some unnecessary additional losses, echoing the phrase 'if you don't manage risk, risk will manage you'.
Reduce/Clean up:
$Tesla (TSLA.US)$Before the financial report on Monday, 1/3 of the position was reduced to lock in some profits. After the financial report, there was a significant sell-off, currently positioned above the first gap, cooling off on Thursday and Friday; with a new supply area formed by the 14-day high volume candles above, and a large period of consolidation range below, the price is likely to run within these two ranges in the future, up to 230-245 above, and down to 175-190 below. In the short term, looking for opportunities to continue reducing/clearing positions, with no plan to add positions until autumn.
$Netflix (NFLX.US)$ (+0.13%) Dropped below the stop loss on Thursday and exited the trade with a 0.13% profit, this trade revealed some distinct issues: 1. Stocks without strong momentum had too little percentage of profit locked in earlier; 2. Ignored the signal of a bear flag pattern breaking with high trading volume; 3. Procrastination caused by the mentality of always wanting to wait.
$Carvana (CVNA.US)$ As the financial report approaches, the position was reduced by one-third on Friday using the power to provide a larger percentage cushion for the financial report, managing risk.
$Vertiv Holdings (VRT.US)$ (-0.8%) This week's violation trade set a stop limit order to buy 4% of the position before the financial report and set a price alert for a 5% drop. Shortly after buying, the price alert sounded. According to the rules, should have exited immediately, but due to procrastination, wanted to see if it could bounce back after the opening; hopes were high, but reality was cruel, the price trend continued southward. As the saying goes, one wrong step leads to more wrong steps, with no improvement in price for the following two days, ending up reluctantly liquidating on Friday and accepting a 0.8% loss, only took 3 days...
Last week's SMCI was also one wrong step leads to more wrong steps. Violations combined with procrastination will gradually lead you into a more difficult situation;
With a mentality of luck, sometimes it may lead to good results, but there will eventually be a reckoning: "If you don't manage risk, risk will eventually manage you."
添加：
$MARA Holdings (MARA.US)$ On Tuesday, when the price dropped to the 10-day moving average and near the platform, a small amount was added again, another impulsive operation 🫠, squandering the solid foundation that MARA has built up in the past year... More reduction needed in the future.
$Catalyst Pharmaceuticals (CPRX.US)$ After breaking upwards through the new small consolidation range 'kissing' the 10-day moving average, a small increase was made. It is currently cooling down, although it belongs to the strong biotechnology sector, malignant signals still need to be monitored.
$Tenet Healthcare (THC.US)$ The reaction after the financial report on Wednesday was decent. After detailed risk calculation, bought in with a 0.3% account risk. In the larger time frame, it is currently in the middle to later stage of a strong upward trend. If it continues to run well, attention needs to be paid to protecting profits.
$ProShares UltraPro QQQ ETF (TQQQ.US)$ QQQ has rapidly dropped nearly 10% in just 11 days, currently trading within the consolidation range from May while also at the lower end of the uptrendlines. VIX has already released a significant amount of risk and is still at high levels, providing an excellent risk-reward ratio. Bought at the beginning of the Thursday market rebound with the account risk below 0.2%, treating it as a temporary rebound. Whether this marks the beginning of the next market trend remains uncertain.
Above are all the trades for this week.
Recent decisions in the past two weeks have evidently not helped in boosting trading confidence, which is crucial for traders.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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