Trading Watchlist
1. USOIL
Using limit orders, start scaling into USOIL exchange traded fund (USO) short as soon as possible:
2. USO
3. SAP – analysed.
4. QQQ – analysed.
5. BABA – analysed:
6. GFI – analysed.
7. US10Y – analysed.
8. TLT – analysed.
9. IWM
Start scaling into a IWM short position as soon as possible (including a limit order).
10. RUT – analysed.
11. XAUUSD – analysed.
12. SFM – analysed.
13. NATGAS – analysed.
14. PALL
Exit PALL long trade, as soon as possible, because my use of parallel channel now reveal that my entry level was extremely weak.
15. DECK – analysed.
16. TTD – analysed.
17. TIGR – analysed.
18. 000001 – analysed.
19. SMCI – analysed.
20. HOOD – analysed.
21. FDX – analysed.
22. FFIV – analysed.
23. COST – analysed.
24. JETS – analysed.
25. UAL – analysed.
Learning Points
- SAP – Checking the markets 30 minutes before they close is highly likely to provide me with many more good trading opportunities.
. - In theory, I only need to carry out one trade per day to achieve twice my monthly trading target (10 minimum trades).
Next Action
- Start scaling into a USO short position as soon as possible (including a limit order).
- Start scaling into a IWM short position as soon as possible (including a limit order).
- Watch today’s “Trading the Close”.
- Exit PALL long trade as soon as possible.
