Trading Watchlist:
1. TLT
Today, I decided to go long TLT because the US10Y seems highly likely to start declining after a ridiculous price rally to the upside above its parallel channel:
2. US10Y
3. HOOD
Assessing its parallel channel (as shown above), I decided to start scaling into a HOOD short.
Let’s see how this plays out.
4. UAL
For the same reason as HOOD (parallel channel), I have decided to start scaling into a UAL, and JETS, short:
JETS
Learning Point
- Re-acknowledged that I only need to carry out 3 trades a week in order to ensure that I have done at least 10 per month.
Next Action
- Start scaling into TLT long positiion as soon as possible.
- Using a limit order scale into an additonal TLT long position.
- Start scaling into a HOOD short position as soon as possible.
- Start scaling into a UAL short position as soon as possible.
- Start scaling into a JETS short trade as soon as possible.
