Trading Watchlist:
1. QQQ – exit addtional capital position as soon as possible:
2. INTC – analysed.
3. BIDU – take partial profits out of BIDU as soon as possible. This is because the price action rallied hard on Friday to the relevant resistance level on the daily timeframe. As a result, this now increases the likelihood that there will be a strong pullback before any additional upside movement:
4. DG – take partial profits out of DG trade because the price action has rallied to the next resistance level on the daily timeframe:
5. BTC – analysed.
6. ORDI – analysed.
7. UAL – analysed: keep a close eye on.
8. AAL – analysed: keep a close eye on.
9. JETS – analysed: keep a close eye on.
10. HOOD – take partial profits from HOOD as the price action has violently hit a major support level on the daily timeframe. This suggests that HOOD may experience a small price rally, back to my entry levels, before any further downside:
11. UVXY – take partial profits from UVXY as soon as possible as the VIX (volatility index) has spiked up to the daily timeframe resistance level, due to the broader market selling off strongly:
12. SFM – analysed.
13. WBA – analysed.
14. RL – analysed.
15. LLY – (analysed) you may need to exit the LLY trade tomorrow as the price action is current moving against the trading position as foreseen as a possibility.
16. BIIB – analysed.
17. WMT – has now formed a bullish price action structure on the 4 hour timeframe, so now get out of the short trade as soon as the price pullbacks.
18. SOUN – exit SOUN as soon as markets re-open tomorrow because the price action has reached another key resistance area on the daily timeframe:
19. MRNA – analysed.
20. CMG – analysed.
21. PALL – analysed.
22. AXP – analysed.
23. WOLF – analysed.
24. INTC – analysed.
25. SOXX – still ranging.
26. RUT – downside bias on the daily timeframe at the moment (broader market).
27. USOIL – analysed.
28. UCO – analysed.
Learning Points
- The extreme importance of analysing the markets as soon as they re-open at 2.30pm, as my number one priority. Otherwise, I will just be cancelling out all of my consistent and daily hardwork.
- Everyday, start my trading analysis by looking over my previous days trading journal posts and a list of my active trades.
Next Actions
- Watch today’s “Verified Game Plan”.
- Exit the additional capital position in relation to the QQQ as soon as possible.
- Take partial profits from BIDU trade as soon as possible.
- Take partial profits from UVXY trade as soon as possible.
- Take partial profits from HOOD trade as soon as possible.
- Take partial profits out of DG trade as soon as possible.
- Keep a close eye on UAL, AAL, and JETS.
- Monitor LLY tomorrow, urgently, as soon as the markets re-open.
- Exit WMT as soon as possible if it experiences an expected pullback.
- Exit SOUN as soon as the markets re-open tomorrow.
