Trading Watchlist
1. SOXX
As anticipated, it looks like SOXX will decline to the next support level in the days to follow, increasing the likelihood that the rest of the broader market (BTC, RUT, SPY, and QQQ) will do likewise.
This should, consequently, create a good opportunity to pick up some Altcoins at key major support levels such as:
2. THETUSDT
3. GFI – analysed.
4. QQQ – analysed.
5. SPY – analysed.
6. RUT – analysed.
7. US10Y – analysed.
8. PLTR – analysed.
9. UVXY – analysed.
10. UAL – analysed.
11. JETS – keep a close eye on JETS as a good shorting opportunity seems to be presenting itself.
12. HOOD – analysed.
13. NATGAS – analysed: keep a close eye on NATGAS.
14. CMG – keep a close eye on CMG.
15. COST – analysed.
16. SFM – analysed.
17. BABA – analysed.
18. DG – analysed.
19. USOIL– analysed.
20. USO
Take 50% profit out of this trade as soon as possible, because price action near the take profit level and backtesting reveals that USOIL can rally violently (wiping out all of the gains) within 1 hour only.
21. DECK – keep a close eye on DECK.
22. TTD – keep a close eye on TTD.
23. MRVL – keep a close eye on MRVL.
24. AMD – keep a close eye on AMD.
Learning Point
- Learned from my latest trading book (How I Made $2,000,000 in the Stock Market) the importance of continuing to ignore fundamental news in order to stay perfectly attuned to the technical movements of the relevant price action.
This is why, instinctively, I found myself watching less and less of the daily trading videos of more experienced traders, and have felt the need to not participate in trading group charts in order to protect my psychology against the everyday news cycle.
. - Re-acknowledge that even when trading crypto, I only need to carry out one great Bitcoin or Altcoin trade a day, at the most.
. - Depending on what SOXX and RUT does on the 4 hour timeframe, this will determine whether I should go long or short. At the moment, there is uncertainty, with probabilities favouring the downside. If correct, I already have a trade that will benefit greatly from any possible decline (PTLR), and my GFI and BIDU trades are likely to increase in profit if the markets decides to rally.
Next Action
- Carry out a book review of “How I Made $2,000,000 in the Stock Market” as soon as possible to continue to accelerate my learning process.
- Take 50% profit out of USO trade as soon as possible.
- Keep a close eye on DECK.
- Keep a close eye on TTD.
- Keep a close eye on THETAUSDT.
- Keep a close eye on MRVL.
- Keep a close eye on AMD.
