Market is looking very solid, stocks are breaking out, leaders are leading, there is follow-through, markets are above the 50dma, breadth is the strongest it has been since 2020.
We are likely to see continued strength. Short term we might be a bit extended, I would like to see some sideways movement for 1-2 weeks before heading higher. Maybe a slight pullback to the 50dma would be healthy.
How about my portfolio? Flat for the last 2 months. Gave back all the gains I made doing stupid trades. In fact, most of my losses come from EPs which I have to admit, I don't know how to trade. I risk 3x as much on them while not even knowing how they work properly. Had I only traded breakouts this month, I could have made about 3-4% return compared to the current 0%.
So going forward, I'll put EPs on backburner, will keep studying them but not trading them. I need to master 1 setup before adding more.
I am confident I will make it. I will have setbacks for sure, I will have large drawdowns and time periods where I feel like I want to quit. But I've never felt more confident about my system and about my ability to trade, at least breakouts. I will stick to what I'm good at.
We are likely to see continued strength. Short term we might be a bit extended, I would like to see some sideways movement for 1-2 weeks before heading higher. Maybe a slight pullback to the 50dma would be healthy.
How about my portfolio? Flat for the last 2 months. Gave back all the gains I made doing stupid trades. In fact, most of my losses come from EPs which I have to admit, I don't know how to trade. I risk 3x as much on them while not even knowing how they work properly. Had I only traded breakouts this month, I could have made about 3-4% return compared to the current 0%.
So going forward, I'll put EPs on backburner, will keep studying them but not trading them. I need to master 1 setup before adding more.
I am confident I will make it. I will have setbacks for sure, I will have large drawdowns and time periods where I feel like I want to quit. But I've never felt more confident about my system and about my ability to trade, at least breakouts. I will stick to what I'm good at.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.