QQQ +3.82% and is back to its trend-line support which means that XLK led the rally last week.
My Vanguard account hit an all-time-high last Friday - this is insane considering I DCA monthly. Also, reinvested Q1 dividends. I just realised that my yearly dividend could now pay for my yearly gym membership and NMC annual fee. I don't even care about these dividends but it's free money, so I'll take it.
Closed trades - BIDU (Breakeven) - tried to give this a room to bounce and fill the waterfall to 260 but failed on Friday. It's also the first time for me to see a red bar and a MACD bullish cross (lol). TWTR (+3%) - a really stupid fat finger mistake. I was trying to set up a break even stop to let this run but the limit stop I was trying to set did not update. Whatever. It happens.
New Trade: UBER (10MA rejection); convergence of MAs.
Bitcoin is really setting up to the upside - Higher Lows, Testing resistance, Contraction. SI is the strongest BTC play but no set up to my liking; miners made pullbacks last Friday. I hesitated on my RIOT entry and will re-evaluate. Coinbase will IPO next week.
Sector: Internet Software Services
Pinterest made an Episodic Pivot after Q2 2020 beats that came with a 39% Y/Y growth in global monthly active users to $416M, a growth fuelled by the pandemic. Accumulated for 6 weeks then BO'd on Sept 2. Gained almost 200% since Pivot. Note that this company is not yet profitable but released strong guidance for 2021.
Retro Entry: The EP was the best entry with stop at Low of the Day, took a while for this to work.
Or alert on BO was the best 2nd entry.
Bought this at the BO in Feb 2 and was one of my best trades as I start learning Qullamaggie's strategy.
📖 Downtime Reads
Actionable Steps to Building 7 Income Streams Like a Millionaire
The Containerization of the World - Sahil Bloom [Substack Newsletter]
[Blueprint] Create a Simple Trend Following System · Nick Radge
Dan Tapiero: Three Key Crypto Investment Categories (w/Dan Tapiero and Raoul Pal)
Inflation Indicators, Fiscal Policy Changes, The Economy | ITK with Cathie Wood
QCP Capital: A Breakdown Of Asia’s Crypto Markets
INX: The Benefits Of Digital Securities & Regulations
Biden's Stimulus Plan - Stock Market & Economic Impact
E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
"This is one of the most urgent problems for the civilised man. He has created civilisation to give himself security. Security for what? For boredom? His chief problem seems to be that most human beings need a certain amount of challenge, of external stimulus, to stop them from sinking in to the blank stare and blank consciousness of the idiot."
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