Sell:
$Viking Therapeutics (VKTX.US)$ (-0.3%) Fell below the stop-loss and exited on Monday, with the account losing 0.3%.
$LexinFintech (LX.US)$ (-0.005%) Fell below the buy price on Tuesday and exited, the account suffered a loss of 0.005%.
$PROCEPT BioRobotics (PRCT.US)$ (-0.3%) Bought at the peak on Monday, broke through the stop-loss on Wednesday, exited the position, and the account suffered a loss of 0.3%.
$Maplebear (CART.US)$ (-0.82%) On Wednesday, fell below the stop-loss, sold the remaining 1/2 position, account profit of 0.82%.
$Pitney Bowes (PBI.US)$ (-0.415%) On Thursday, the price fell below the original buy-in price, liquidated 2/3 of the position, account profit of 0.415%.
Trimming:
$GameStop (GME.US)$ (-1/3) After-hours on Monday, the price exceeded 3 times the stop-loss profit, reduced 1/3 of the position, leaving 2/3 of the position for free riding.
$Upstart (UPST.US)$ The price has risen by more than 100% since the original purchase on Monday, reducing the position by 1/6 and currently holding 1/2 of the position for continued free riding.
Addition: No new positions were added this week;
The above is all the trades for this week.
This week has already been managed...

Another update quicky
Overall, I don't want to buy anything here. I'm also big bearish overall.
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
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.
$E-micro Gold Futures(DEC4) (MGCmain.US)$
Yields up = Metals down. and yield...

A super quick update.
Bad things approach.
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$
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 earn sustainable profits. By stringing together sustainable profits, you will ultimately receive great returns. This is achieved through tactics and wisdom, not by taking excessive risks with large positions for gambling, as a huge loss may render your account unrecoverable." - M.M
First, here is a screenshot of the positions held after Friday's close this week. Apart from a small amount of intraday trading, only one trade was made this week (selling DKNG). All the buy trades since July 19 have been stopped out, as when trades do not work out, it is necessary to reduce trading; conversely, when they begin to work out gradually, positions should be increased to maximize gains.
$DraftKings (DKNG.US)$ The second breakout failed, resulting in liquidating positions with another stop loss, and after a high opening on Friday due to financial reports, it faced selling pressure, a typical "Sell the news" scenario. As one of the market leaders, it seems to be conveying something 🤔️
$Super Micro Computer (SMCI.US)$ Once again rising against the tide this week, with a significant rise on Friday accompanied by increased trading volume (while AAPL fell sharply on the same day). However, there seemed to be some divergence on Friday afternoon between reducing positions before financial reports and inadequacy in adding positions (temporary slight buyer dominance over sellers), with post-market financial reports on August 8 testing this AI leader once again (last time there was an early disclosure before the financial reports in late April and it resulted in significant volatility...)