Trading Watchlist
1. PLTR
Take 50% profit out of PLTR immediately as the price action has reached my take profit level already.
It is an area of significant support (buying pressure), bearing in mind that PLTR is a very volitile stock.
2. GFI
Because the price action of GFI is still very far away from my initial entry level, I want keep this trade as a hedge against the possibility of markets unexpectedly starting to rally again.
As a result, I have decided to move my stop-loss to a level where it would make no sense to risk the price blowing past my original entry level, providing me with a loss.
3. UPS – analysed.
4. TIGR – analysed.
5. BIDU – analysed.
6. USOIL – analysed.
7. USO
Move stop-loss to reduce risk immediately.
8. NFLX
Start scaling into a NFLX short position as soon as possible.
9. BTC – analysed.
10. BTC.D – analysed.
11. SOXX – analysed.
12. QQQ – analysed.
13. RUT – analysed.
14. SPY – analysed.
15. AMD – analysed.
16. MRVL – analysed.
17. HOOD – analysed.
18. THETAUSDT – analysed.
19. XAUUSD – analysed.
20. GDX – analysed.
21. UAL – analysed.
22. JETS – analysed.
23. DG – analysed.
24. FFIV – analysed.
25. BABA – analysed.
26. TIGR – analysed.
27. BIDU – analysed.
28. UVXY – analysed.
Learning Points
- Reading “How I Made $2,000,000 in the Stock Market” has allowed me to acknowledge that I have not been maximising the use of my stop-loss in line with my true ability and experience.
. - NFLX – always carry out each trade as if you had no idea about anything that others are saying on the news.
. - Trading is, really, all just about going through a chart watchlist everyday as it allows the trader to form an intuitive connection with the price action and all the markets that they monitor – making profitable and emotionless trading an inevitable by-product.
Next Actions
- Take 50% profits out of PLTR immediately as the price action has already reached my take profit level.
- Move PLTR trade stop-loss to reduce risk as soon as possible.
- Move USO stop-loss to reduce risk as soon as possible.
- Start scaling into a NFLX short position as soon as possible.
- Complete a book review of “How I Made $2,000,000 in the Stock Market” as soon as possible.
- Watch today’s “Trading the Close“.
