sTone83 wrote a post · Jun 1, 2024 13:10

Trading summary for this week (28/05-31/05 2024).

Exits:

$Groupon (GRPN.US)$ (-0.3%) Gradually diminishing volume on May 28th broke through the buy signal, but was shaken out on the same day.

Trading summary for this week (28/05-31/05 2024).

$Sweetgreen (SG.US)$ (-0.3%) Shaken out on May 29th, another failed attempt to chase the leader.

$Super Micro Computer (SMCI.US)$ (-0.2%) is a very characterful stock. Through multiple trading experiences, I know that it is difficult to achieve success in one entry, so I slightly reduce the risk amount. On May 29th, I tried to buy on the pullback using the gap difference, but got stopped out on the next day. The next trade on it should be above the 50MA, and the 50MA should not be in a downtrend.

$Altair Engineering(Delisted) (ALTR.US)$ (-0.3%) After a breakout following a climax flag with low trading volume, it quickly reversed and got stopped out on May 30th.

$Pubmatic (PUBM.US)$ (-0.4%) I value this contraction pattern with three intertwining moving averages, so I slightly increase the risk amount. Bought the breakout on May 28th and got stopped out on May 31st.

Add:

$Warrior Met Coal (HCC.US)$ (0.3% risk) It has been observed for a few weeks with the cup-shaped formation of the head and shoulders bottom. The cup handle is testing the 50MA at the end stage, with the 10MA turning upward. Buy on the breakout of the cheating area, and after a 3-day adjustment, on May 31st, it remained green in the market's most bullish first half, clearly above the cheating area. However, the trading volume remains low, so further observation is needed.

$Elanco Animal Health (ELAN.US)$ (0.3% risk) On May 29th, buy on the breakout of the climax flag. Within the flag, there was a 4-day contraction in volume. The breakout day and subsequent trading volume were good, so continue to observe.

$Tesla (TSLA.US)$ (0.3% risk) The 50MA is slowly turning upward, forming a flag with a contraction in volume, indicating a cheating phase at a low position. Buy on the breakout on May 30th, and the trading volume on that day was good, so continue to observe.

$Coupang (CPNG.US)$ (0.4% risk) The dual moving average is in a coiling contraction pattern, buy on the breakout on May 30th, and the recovery level at the close on May 31st is acceptable, so continue to observe.

$Vita Coco (COCO.US)$ (0.3% risk) After the recovery from the bottom in early February, a relatively dense buy zone has formed. Buy on the breakout on May 31st, and the opening remained green until the close with very good trading volume, so continue to observe.

"As a great trader, they will cut losses on about 50% (or even more) of their trades because they know that this is the task that winners must accomplish..

When you understand the above content, there will be no emotional fluctuations when you stop loss.🚴🏻