Sell:
$Viking Therapeutics (VKTX.US)$ (-0.3%) Fell below the stop-loss and exited on Monday, with the account losing 0.3%.
$LexinFintech (LX.US)$ Dropped below the buy price and exited on Tuesday with a loss of 0.005% in the account.
$PROCEPT BioRobotics (PRCT.US)$ Bought the climax flag on Monday, which broke through, then fell below the stop-loss on Wednesday and exited, resulting in a 0.3% loss in the account.
$Maplebear (CART.US)$ Stop-loss was triggered on Wednesday, selling half of the position, resulting in a 0.82% profit in the account.
$Pitney Bowes (PBI.US)$ The price fell below the original purchase price on Thursday, liquidating two-thirds of the position, resulting in a 0.415% profit in the account.
Trimming:
$GameStop (GME.US)$ After the market closed on Monday, the price exceeded 3 times the stop loss profit, reducing 1/3 of the position, leaving 2/3 of the position to start free riding.
$Upstart (UPST.US)$ On Monday, the price has risen more than 100% from the original purchase, cutting another 1/6 of the position. Now there is 1/2 of the position left to continue free riding.
Add: No new positions added this week;
The above is all the trades for this week.
This week, the management has already...

Another update quicky
Overall, I don't want to buy anything here. I'm also big bearish overall.
$E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$
there are the levels. the NQ is building a triangle. below 14906 and look for more downside. above 15030 and look for more upside.
$Invesco QQQ Trust (QQQ.US)$
358.5 is the lower support for today with the high target today of 365. 361 keeps price within the triangle.
$E-micro Gold Futures(FEB5) (MGCmain.US)$
Yields up = Metals down. and yield...

A super quick update.
Bad things approach.
$E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$
I look for a push towards 15,550 which was the consolidation level you can see with the 2 bars at the very left of the chart. At that point I expect down. Price could swing wildly tomorrow at FOMC rate decision and then the FED statements and then Powells press conference. That's a lot of opportunities for the market to collect your money. After the FOMC business is the "Continuing Resolution" ...

Since the Nasdaq Composite Index peaked on July 19th, everything has been in distribution... I call it the "distribution-dominated tape". Based on my experience, when you have few stocks building constructively and few stocks running well from breakout levels, coupled with the index being in a lot of distribution (distribution-dominated tape), you never want to risk too much capital in this environment until you see evidence of a turnaround in certain stocks. Personal setups and better action. For low-risk traders who use relatively tight stops, the market doesn't have to decline much to cause losses. Market volatility and washout action around the buy point are the most dangerous. Volatility is increasing. If selling accelerates and the VIX index doubles from recent lows (around 26), look for potential market lows. - Mark Minervini (Updated on 25/08/2023)
This week, the market's high volatility continues, deceptive fluctuations continue, overall trading volume has decreased compared to last week (except for NDX), and now let's review the specific behavior of major indexes on days of increased trading volume this week:
$S&P 500 Index (.SPX.US)$ On Wednesday, trading volume increased slightly (below average), prices opened high and continued to rise, interpreted as a rebound; On Thursday, trading volume increased and prices opened significantly higher but closed lower, interpreted as distribution.
$NASDAQ 100 Index (.NDX.US)$ Week...

“The market can and will destroy anyone who overlooks risk and danger.” -M.M
Before analyzing this week's market, I'd like to mention a long-forgotten structural chart: the 2B structure. This structure has an average of 7-14 weeks (35-70 days) of up/down trends (with the exception of a small number of individual stocks) before forming on the daily chart. Compared to the regular structure, it is more deceptive for ordinary traders, so the success rate of use will be very high. The peak of the candle above or below the gap is a critical line. The first buy/sell candle marked on the chart will basically increase in trading volume.
Here's an example of 5 of the top 7 tech stocks: $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (META.US)$ $Tesla (TSLA.US)$ , They all started a turnaround with this structure, and the impact on the market is self-evident(It is not recommended to blindly review the bottom. In the 7-14 week upward trend adjustment, most of the 50 EMA cannot be maintained. It is recommended to use the 2B structure and weekly charts to stand at 10 EMA when trading volume increases to find trading opportunities)
Let's go back to the general market chart $NASDAQ 100 Index (.NDX.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ First, you have to acknowledge yourself...

“The secret to successful trading is to make sustainable profits. When sustainable profits are strung together, there is a great return in the end. This is done through tactics and wisdom, not by taking too many risks and gambling through too large positions, because in that case, a huge loss may make your account unrecoverable.” -M.M
The first is a screenshot of positions held after closing on Friday this week. Apart from a small number of intraday trades, only one-on-one trades (selling DKNG) were carried out this week. The few buying transactions since July 19 have all stop-loss sales. When the trades start not working, you need to reduce the number of trades; conversely, when they start to gradually work, you need to gradually increase your position to the maximum.
$DraftKings (DKNG.US)$ Two breakthroughs failed, another stop-loss clearance and exit, and was sold off after Friday's earnings report opened high. The typical “Sell the news”, as one of the market leaders, seems to be conveying something 🤔️
$Super Micro Computer (SMCI.US)$ This week went against the current trend again. The sharp rise on Friday was accompanied by an increase in trading volume (AAPL fell sharply on the same day), but it seems that on Friday afternoon, there was some disagreement between reducing positions before earnings reports and increasing positions due to insufficient positions (buyers were slightly stronger than sellers for the time being). The August 8 after-hours earnings report will once again test this AI leader (before the last earnings report - the end of April, it was disclosed in advance, and there was a lot of shock...