Finally, done with my Visa application, and senior post interview and assessment. I was too busy with these that I forgot to place orders on my scans i.e. SOXL relative strength. Anyway, I initiated a position on $PBF and $BIDU last Thursday following OPEC oil production cut news for the former and price action (high volume 200SMA bounce) of the latter.
S&P 500 ripped thru 4K this week despite weakness in February.
The market chatter for last week was the blow-up of Bill Hwang's Archegos Capital (here's the link to the story). The forced liquidation of Bill Hwang's position reminded me of Melvin Capital back in January.
Crypto is strong - ETH 2k (again), BTC 60K (again)- my polkadot hit +35%. Two blocks still staked at 12% APY. ATH for my crypto account.
Historically, April is the best month in terms of market return, so looking forward to fully utilise my trading capital.
Lastly, I will add sample historical charts on equities and look for Episodic Pivot (EP), Break-outs (BO) and Parabolic Short/Long set-ups. I am currently trying to force myself to learn these set-ups.
Sample Chart Study
About: Energy/Fitness Drinks
Chart: Gapped up 7 days before Q1 earnings report; gapped again (on volume) after earnings beat, gliding above 10DMA until Q2; Massive gap up (again) Q2 ff earnings beat; formed VCP with strong resistance (red arrows); Gapped on Q3 beat
Entry on Q1 gap up stop on LOH or 10DMA
Nov 3 Pocket Pivot or late stage VCP BO before Q2 announcement (due to risk - starter position only)
Dec 3 tight bullish flag BO
Quallamaggie (one of the best traders I follow) recommends that the first gap up on volume is critical esp. if the company beats earnings (EPS/revenue).
A Tiger Can’t Change Its Stripes
The Two Tiger Cubs at the Center of Friday’s $35 Billion Meltdown
Here’s Why So Many People Intend to Die With Money in the Bank
Piers Kicks: Earning Money in the Metaverse ft Piers Kicks
Crypto and the "Promiscuity" of Technology ft. Chris Tuohy and Raoul Pal
What Traditional Investors Think of Bitcoin with Raoul Pal
Interview with Hedge Fund Manager Jim Roppel | Stock Trading Fundamentals, Strategy, Crypto, CANSLIM
11 Secrets to Financial Success - Anton Kreil
Simple Way of Measuring and Tracking Your FI/RE Progress by 10KDriver
Super Trade Tactic - 3 Keys to Superperformance, Mark Minervini
How to Become Rich, Mark Minervini
Rule of 72 by @10KDiver
Savings Rate of a Nurse in Central London
Bitcoin - All Time High!
Nick Huber's Twitter thread on business and life in general. The longest thread I've ever come across with on Twitter.
There is more to life than COVID - 2021 Intentions.
To the Moon - 2020 Investment Gains!
Year 2020 Budget Review. COVID Edition.
Investing sucks? Lost -£1473.84.
Invest 20,000 before December 20, 2020 Challenge - An Update.
Invest £21,000 - progress.