sTone83 wrote a post · Jun 29, 2024 11:51

Weekly trade summary (24/06-28/06 2024)

Reduction/Clearing:

$Robinhood (HOOD.US)$ (-0.3%Once again, on Monday, it was shaken out of the market. In retrospect, the problem had already appeared at the initial entry point. Although the stock showed strong strength, the entry point was not well set, and the probability of secondary setup going wrong increased significantly.

$Royal Caribbean (RCL.US)$ This week quickly recovered, showed strength on Tuesday, and has already gained profits that are more than three times the original stop-loss. Choosing to sell half at that position to lock in some profits, raising the stop-loss to the original purchase price, thus securing 1.5 times the stop-loss profits, and making the subsequent riding much easier.

$Blueprint Medicines (BPMC.US)$ (-0.2%Attempted to buy into a tightly closed range, but was shaken out the next day.

$Kaspi.kz (KSPI.US)$ After the second purchase breakthrough last week, it did not immediately show results. Considering its 50-day average daily trading volume was only 260K, on Wednesday this week, half was reduced while keeping the stop-loss unchanged, reducing the risk to less than 0.1%. Holding on like this will be much easier.

$Elanco Animal Health (ELAN.US)$ (-0.35%"Believe in your stop loss, not your stocks."

Addition:

$Carvana (CVNA.US)$ (Account risk 0.2%) After shaking out last week, it quickly recovered and bought through again this week. Although there was a large red candle with high trading volume on Friday, the overall upward trend is still there and it has already hit a 52-week high, so there is not much supply left. Keep riding according to the rules.

$Amazon (AMZN.US)$ (Account risk 0.2%) Standard 4T VCP breakout, bought on Wednesday, and a large red candle with high volume appeared on Friday as well. But it just created a new historical high, with very little supply. Keep riding according to the rules.

$Super Micro Computer (SMCI.US)$ (Account risk 0.2%) After the extremely low trading volume on Tuesday and Wednesday, it attempted to buy a breakout of its small consolidation range on Thursday. The response was good on the same day, and there was also a large red candle on Friday. Its trading success rate has always been low, but considering the high returns after success, it is worth a try.