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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ $FTSE Bursa Malaysia Top 100 Index (.FBM100.MY)$ $FTSE Straits All-Share Index (.FSTAS.SG)$ $FTSE Singapore Straits Time Index (.STI.SG)$ 🙈 now MY and SG turn for a vertical dive, cash is 👑
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$Meta Platforms (META.US)$ If sold at 497, it will increase to 501.
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Tesla reached the target of 174 as analyzed yesterday.
Other individual stocks should take a slight profit in the long term. In the short term, pay attention to the fact that the overall market is at a historical high of 153 years. Do not chase high or short blindly, wait for favorable conditions before opening positions again.
Other individual stocks should take a slight profit in the long term. In the short term, pay attention to the fact that the overall market is at a historical high of 153 years. Do not chase high or short blindly, wait for favorable conditions before opening positions again.
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Last week's review 👉🏻市场回顾+仓位分析(20/05-24/05 2024)
"History clearly shows that almost every super stock is in a clear uptrend before a sharp rise. In fact, 99% of stocks trade at prices above the 200-day moving average before a sharp rise, and 96% of stocks trade above the 50-day moving average." - Mark Minervini
Quick review of this week's market:
$NASDAQ 100 Index (.NDX.US)$ Accumulation on Tuesday, distribution on Thursday, divergence on Friday;
$S&P 500 Index (.SPX.US)$ Divergence on Tuesday, distribution on Wednesday and Thursday, accumulation on Friday;
$Dow Jones Industrial Average (.DJI.US)$ Distribute on Tuesday, distribute on Thursday, absorb funds on Friday.
NDX>SPX>DJI.
Another wonderful week, summarized in a sentence: Capital once again baptizes participants with inertia thinking (history has always been repeating, and the psychology of market participants has always been like this);
This is why trading needs a system, needs rules, and tries to avoid all emotions as much as possible;
At the same time, the market also serves as a high-quality filter for us, gradually allowing you to see clearly in the garden who are flowers and who are weeds.
Weekly charts of NDX and SPX:
Backtested the area near the 10-day simple moving average (10MA) and within a very short period of time...
"History clearly shows that almost every super stock is in a clear uptrend before a sharp rise. In fact, 99% of stocks trade at prices above the 200-day moving average before a sharp rise, and 96% of stocks trade above the 50-day moving average." - Mark Minervini
Quick review of this week's market:
$NASDAQ 100 Index (.NDX.US)$ Accumulation on Tuesday, distribution on Thursday, divergence on Friday;
$S&P 500 Index (.SPX.US)$ Divergence on Tuesday, distribution on Wednesday and Thursday, accumulation on Friday;
$Dow Jones Industrial Average (.DJI.US)$ Distribute on Tuesday, distribute on Thursday, absorb funds on Friday.
NDX>SPX>DJI.
Another wonderful week, summarized in a sentence: Capital once again baptizes participants with inertia thinking (history has always been repeating, and the psychology of market participants has always been like this);
This is why trading needs a system, needs rules, and tries to avoid all emotions as much as possible;
At the same time, the market also serves as a high-quality filter for us, gradually allowing you to see clearly in the garden who are flowers and who are weeds.
Weekly charts of NDX and SPX:
Backtested the area near the 10-day simple moving average (10MA) and within a very short period of time...
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$Hallador Energy (HNRG.US)$
YAWP
$Hallador Energy (HNRG.US)$
It's easy. Know the sectors money is moving to, and beat them to it. 🤑
Then buy don't look, wait and reap the rewards.
Sure do
it sounds impossible, but it's not 🤫 it's not tech.😉
YAWP
$Hallador Energy (HNRG.US)$
It's easy. Know the sectors money is moving to, and beat them to it. 🤑
Then buy don't look, wait and reap the rewards.
Sure do
it sounds impossible, but it's not 🤫 it's not tech.😉
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This is a recent tweet from Mark Minervini on Twitter👇
As the quarterly earnings report comes the day after the contraction, we have no way of knowing whether Mark traded this stock, but we can find some clues as to why Mark is interested in this stock based on $Blueprint Medicines (BPMC.US)$the charts.
First, look at IBD's chart, the recent two significant downturn consolidations have created a bullish deviation on the RS line👇
Some other important indicators👇
Returning to the MOOMOO chart:
In the chart, the high and low points of the consolidation area are connected by a purple line, which are:
101,84.81
97,84.33
94.67,88.46
94.98,90.745
Subtracting the previous value from the current value gives the difference:
16.19
12.67
6.21
4.235
Percentage difference between high and low:
16%
13.06%
6.56% (meets the condition)
4.46% (meets the condition)
The final breakout buy point is indicated by drawing a white line, and the recent low point is marked with a red line for stop loss.
Next, we take a $100,000.00 account as a model and the reasonable stop-loss range for swing trading corresponding to the account is 1% to 0.25% of the account.
1% account stop-loss = $1,000.00, corresponding to a price difference stop-loss of 4.235, which can buy 236 shares for an amount used: $22,427.00...
As the quarterly earnings report comes the day after the contraction, we have no way of knowing whether Mark traded this stock, but we can find some clues as to why Mark is interested in this stock based on $Blueprint Medicines (BPMC.US)$the charts.
First, look at IBD's chart, the recent two significant downturn consolidations have created a bullish deviation on the RS line👇
Some other important indicators👇
Returning to the MOOMOO chart:
In the chart, the high and low points of the consolidation area are connected by a purple line, which are:
101,84.81
97,84.33
94.67,88.46
94.98,90.745
Subtracting the previous value from the current value gives the difference:
16.19
12.67
6.21
4.235
Percentage difference between high and low:
16%
13.06%
6.56% (meets the condition)
4.46% (meets the condition)
The final breakout buy point is indicated by drawing a white line, and the recent low point is marked with a red line for stop loss.
Next, we take a $100,000.00 account as a model and the reasonable stop-loss range for swing trading corresponding to the account is 1% to 0.25% of the account.
1% account stop-loss = $1,000.00, corresponding to a price difference stop-loss of 4.235, which can buy 236 shares for an amount used: $22,427.00...
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Detailed breakdown of monthly earnings for the first quarter👇
Overall yield curve👇
First-quarter trade win rate and top five winners👇
SMCI is a two-trade, with the main riding phase position size: 12-13%, currently no position.
NVDA is a one-trade, with the main riding phase position size: 11-12%, currently no position.
KOLD is a one-trade, with the main riding phase position size about 3%, currently no position.
CVNA is a one-trade, with the main riding phase position about 3%, currently holding 1/3 of the position.
META is a one-trade, with the main riding phase position: 8-9%, currently holding 3/4 of the position.
*It is worth noting that KOLD and CVNA both achieved significant returns with small positions of around 3%, showing the profound impact of a strong psychological advantage on trading. Similar low-risk trading returns have significant implications for account growth.❤️
Despite some trading errors in the first quarter, relying on the advantages of the trading system and psychological aspects, as well as avoiding noise, the account still has a decent positive growth.
System advantages:
The probability of winning trades multiplied by the average profit of winning trades is greater than the probability of losing trades multiplied by the average loss of losing trades.
Of the four variables, the controllability of "average loss of losing trades" is the strongest, and it is the foundation of a successful trading system;
Psychological advantages:
The impact on the "average profit of winning trades" is the most important, with details mainly focusing on protecting profits from advantageous trades that have already been made and riding safely for longer...
Overall yield curve👇
First-quarter trade win rate and top five winners👇
SMCI is a two-trade, with the main riding phase position size: 12-13%, currently no position.
NVDA is a one-trade, with the main riding phase position size: 11-12%, currently no position.
KOLD is a one-trade, with the main riding phase position size about 3%, currently no position.
CVNA is a one-trade, with the main riding phase position about 3%, currently holding 1/3 of the position.
META is a one-trade, with the main riding phase position: 8-9%, currently holding 3/4 of the position.
*It is worth noting that KOLD and CVNA both achieved significant returns with small positions of around 3%, showing the profound impact of a strong psychological advantage on trading. Similar low-risk trading returns have significant implications for account growth.❤️
Despite some trading errors in the first quarter, relying on the advantages of the trading system and psychological aspects, as well as avoiding noise, the account still has a decent positive growth.
System advantages:
The probability of winning trades multiplied by the average profit of winning trades is greater than the probability of losing trades multiplied by the average loss of losing trades.
Of the four variables, the controllability of "average loss of losing trades" is the strongest, and it is the foundation of a successful trading system;
Psychological advantages:
The impact on the "average profit of winning trades" is the most important, with details mainly focusing on protecting profits from advantageous trades that have already been made and riding safely for longer...
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This is the yield curve of the trader's own account.
If you repeatedly summarize and study your past yield curve, you will see your unique strengths and weaknesses; and with the following questions 👇
Is it possible to basically identify the most basic characteristics of the upward trend and adjustment period in the market?
Were you fully involved in trading during the main upward trend?
Were transactions drastically reduced or not traded during periods of market adjustment?
Are there still problems with stock selection?
Is the position the right size?
Is it possible to cut weed in positions too slowly or sell too early/late to big winners?
The most important question after the research isn't to ask yourself “Can I do a better account yield curve?”
Instead, ask “What can I do to have a better account yield curve?”
Below are yield curves for the last two major uptrends, where you can always find areas for improvement to do better in the next uptrend. 🚴🏻
June-July 2023:
November 2023 to March 2024:
Research your past transactions over and over again, learn from them and find improvement plans, and confirm implementing this plan when you make your next transaction. 🚴🏻
Finally: Keep reading 🚴🏻 (The human body needs timely nutritional supplementation; mental and spiritual needs are equally necessary)
If you repeatedly summarize and study your past yield curve, you will see your unique strengths and weaknesses; and with the following questions 👇
Is it possible to basically identify the most basic characteristics of the upward trend and adjustment period in the market?
Were you fully involved in trading during the main upward trend?
Were transactions drastically reduced or not traded during periods of market adjustment?
Are there still problems with stock selection?
Is the position the right size?
Is it possible to cut weed in positions too slowly or sell too early/late to big winners?
The most important question after the research isn't to ask yourself “Can I do a better account yield curve?”
Instead, ask “What can I do to have a better account yield curve?”
Below are yield curves for the last two major uptrends, where you can always find areas for improvement to do better in the next uptrend. 🚴🏻
June-July 2023:
November 2023 to March 2024:
Research your past transactions over and over again, learn from them and find improvement plans, and confirm implementing this plan when you make your next transaction. 🚴🏻
Finally: Keep reading 🚴🏻 (The human body needs timely nutritional supplementation; mental and spiritual needs are equally necessary)
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缠论缠心 103365182 : It's not a rocket, it's impossible, rush! It just went up. I don't think it has fallen through yet