Trading Watchlist:
1. BTC.D – analysed: seems to be consolidating at the current resistance level. Next step, wait patiently for a few additional 4 hour prints to know which direction BTC’s price action is likely to travel towards.
2. BTC – Bitcoin’s price action is currently banging against the $100,000 resistance level consistently increasing the likelihood that it will eventually breakthrough as it absorbs all of the sell orders. Therefore, it may be time to add additional capital to your MARA trade:
3. MARA – I decided to add additional capital to the MARA trade (purple line number 3) for the following reasons:
(1) the price action of MARA has already declined hard to the Kijun… and (2) there is a good likelihood that BTC will rally above $100,000. If BTC does, then I expect MARA to, likewise, rally really hard. Lets see how it all plays out!
4. CMG – analysed.
5. TIGR – add additional capital to the trade as soon as possible:
6. BIDU – Similar to TIGR above, add additional capital to BIDU trade as soon as possible:
7. SFM – analysed.
8. WMT – analysed.
9. COST – analysed.
10. AXP – analysed.
11. JETS – analysed.
12. UAL – analysed.
13. DG – analysed.
14. US10Y – analysed.
15. US10 – analysed.
16. TLT – analysed.
17. FDX – analysed.
18. XRPUSDT – analysed.
19. SOXX – analysed: ranging.
20. INTC – analysed: still declining hard.
21. MU – ranging in direct correlation with the SOXX.
22. UVXY – analysed.
23. USOIL – analysed: still ranging.
24. NATGAS – analysed.
25. PALL – analysed: ranging (still in no man’s land).
26. XAUUSD – analysed.
Learning Point
- There was a minimum stop-loss amount on the eToro platform.
- It is extremely important for me to, psychologically, slow down intentionally when carrying out my trading watchlist review everyday in order to ensure that trading remains a thoroughly enjoyable process that I remain in love with.
- Apparently, according to Gareth Soloway, on Wall Street it is said that “where the SOXX goes the rest of the market follows.”
Next Action
- Go long (add additional capital) MARA as soon as possible.
- Add additional capital to TIGR trade as soon as possible.
- Add additional capital to BIDU trade as soon as possible.
- Continue to prioritise analysing the price action movement of SOXX everyday, as “where the SOXX goes, the rest of the market follows.”
