What do to better
Think this trade entry was way too high.
Was a bit too aggressive given that the tip of the candle was also a strong resistance.
Should have wait for a better price.
This is especially as China stocks has been weak the entire year.
A cheaper price would have been possible and that could have greatly increased the risk reward
Did not like how market is trading after opening.
Seems to be quite indecisive.
Maybe I should wait until close.
But recently, I do not want to drag my trades for too long.
I believe I can find a better point for re-entry if possible.
What to do better
I think all's ok.
Profit 3.5%
Sold 2494 (21-10-19)
Bought 2410 (21-10-21)
There is a 3 line strike (kind of) which is very bearish.
Previous candle patterns have shown that PYPL is already not doing so well.
But price was hitting a support level.
I thought at the overall NQ and SPY is behaving quite bullish.
And wanted to bottom pick for a quick profit.
I guess the news of pinterest acquisition is really too big to ignore.
One of the...
Been wanting to pickup Xiaomi for quite a while.
This price level seem to offer good risk reward.
Near a major support.
Multiple tweezer bottoms act as a support too.
If possible, can try to pickup near 21.00 to 21.50 and have a quick cut loss near 20.00 - 20.50.
Stock as previously in downtrend and then moving sideways.
IPO filing came stock rallied.
IPO withdrawn and stock dumped.
Now price near bottom of channel.
Tweezer bottoms.
Entry around 7.70 maybe cut around 6.90.
Looking for it to fill the gap.
SE has been in a protracted bull run for more than a year.
Breaking ATH again.
I am already short BKNG and it is going ok.
I somehow feel reluctant to put on another short.
I think shorting here ~360, TP 310 / 300 region, tight stop loss around 380 should be fine.
I think the trade is sound.
Its just a matter of whether I still have the risk appetite.
Got in AAPL on a whim yesterday at 147.39.
Thought the retracement is almost done and the morning star and 2 bullish candle after that serve as good indication.
To be honest, the entry might be a bit late.
So, I was totally willing to cut at 144.30 (where a small resistance area was)
Actually this is not entirely a technical trade, because I felt the broad...
Have been experiencing a downtrend.
Recently, swinging back up.
Not sure if this swing back up is pullback of the big downtrend (as such will continue down after this)
Strong resistance on top at 33.00.
However, we do have some reasons to enter around 30.75 maybe.
TP will be 33.00 and CL can be 29.75.
However, don't think the setup is super strong TBH.
Maybe can...
Really want to find something to short with market so high.
Almost every major stock is given a bullish rating.
Find that BKNG technically offers one of the best risk reward.
And I personally have some fundamental bias against it.
Maybe a quick short at 2500, and cover my positions if it goes to 2600.
Still thinking about it.
Trying to find weaker stocks.
Bought NFLX as it was in a strong uptrend.
In particular the strong green candle helps to serve as a support.
Bought in around 50% of the retracement for the candle.
Hold till maybe the top, or after the top.
Forgot that earnings will be released soon or I would not have entered.
Did not want to take the volatility.
Stop loss at 610.
Let's see where this goes.
HKEX:9633 Nongfu Spring just IPO-ed about a year ago. So not much historical data to work on.
But after a huge rally, settled to trade in a range since Mar 2021.
The $10 range of 47 to 37 range has been tested 3 times so far.
We are approaching the bottom of the range once more.
Buying near $37 to take profit near the top of the channel, and risking maybe $1 -...
