BIDU
Today, I decided to enter into a weekly timeframe trade, regarding BIDU, because its price action experienced a violent price surge only to return back to its previous price levels.
I think, as a result, that there is a great chance that the price is just retracing to the “scene of the crime” (as Gareth Soloway likes to say), before it experiences another strong and steady price rise to the upside. In theory, this should allow me numerous opportunities to add additional capital to my trade as the weeks go by.
Let’s see how this plays out.
Next Action
- Continue to monitor the price action of BIDU every few days or so.
- Continue to watch Gareth Soloway’s daily trading videos to continue advancing my learning quickly.
COST
Based on the monthly timeframe, today, I decided to make a small entry into a COSTCO short.
This trade is being conducted in accordance with my weekly timeframe trading playbook, requiring the highest levels of patience and discipline.
Let’s see how it all plays out!
Next Action
- Continue to monitor the price action of COST every few days or so.
