To The Moon

Wake me up when September ends $S&P 500(.SPX)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ $Eli Lilly(LLY)$ $Amazon.com(AMZN)$ $Wal-Mart(WMT)$ Image 1The major mistake last monthFind out what you can learn from it.You can make the lessons you learned the center of your response. Focus on what you learn

1. One shouldn’t think of investment in each and every IPO. An investor should plan to invest only in selected IPO which you think that the company has better prospects and valuation is not on the higher side.2. Don’t invest just on the basis of information spreading on the internet. Sometimes these are managed by the companies and their consultants.3. If during the first 1-2 days an IPO is oversubscribed then people generally believe that they should also apply. They assume that there is too much demand for the stock and it will open at a huge premium. This might definitely be good work by the company’s banker to the IPO but expecting a huge listing gain/premium might not be true.4. Invest only those funds which are available for the next 1-2 years at least. Taking loans/funding for inves

7 steps to become a trading sniper: $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ 1. Develop A+ setups- Focus on low risk, high reward- Don't worry if you need time to execute- You don't need to catch every market's movement to be successfulOne setup is enough to kill in the trading arena.2. Focus on A+ setups- Execute like a machine when you spot an A+ setup- Forget anything else. Don't take stupid trades just because you don't have opportunitiesTrust your setups. Trust your plans. Trust your execution.3. Control your emotionsWaiting is the hardest trading skill:- You need patience to wait for your setups- You need discipline to execute your setups- You need

1.52-week high reversal theory $S&P 500(.SPX)$ Image 1Image 2This means that its price may not go much lower in the near term. which occurs when a security trades significantly lower than its opening, but increases later in the day to close either above or near its opening price.2.Swing trading is not gambling $Parkson Retail Group, Ltd.(PKSGY)$ $Parkson Holdings Bhd(PKSSF)$ Image 1Swing trading has lesser opening positions, but they drive greater profits as well as losses for traders. Unlike day traders, swing traders do not opt to gain massive profit from a single trade. It's because they open lesser positions, the transaction fees are also less compared

$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ Scan the weekly charts of the top 10% 1, 3, and 6-month relative strength stocks within 25% of recent highs - 30-day highs, 60-day highs, 52-week highs. It doesn't matter - pick one. The point is that the stock has retained recent momentum. Don't obsess about it. You want stocks with trend, momentum, volatility, liquidity, and relative strength.Image 2Identify the pivot or breakout point where the stock would have to breakout of to trigger you into the trade. Typically, this will be highest points of the 3-5 day tight range you identified in the last setup. Using the model image, the pivot point is point 2.Image 4At a minimum, make sure that the group/s

American hedge fund billionaire Bill Ackman is a big fan of self-studying investing."You can learn investing by reading books."Here is the 11-Book-List that he recommends to everyone who wants to learn about Investing.1. Quality of Earnings by Thornton O’GloveEarnings are one if not the most important driver of investment performance.Thornton o'Glove does a phenomenal job of explaining how to analyze earnings and their sustainability/quality.2. Security Analysis by Benjamin Graham and David L. DoddWritten by Buffett's mentor, the so-called Father of Value Investing, this is a valuation classic.It might be too complex for beginners but is a necessary read for more experienced investors.3. Fooling Some of the People All of the Time by David EinhornDavid Einhorn was one of the few investors w

$S&P 500(.SPX)$ $Invesco QQQ Trust-ETF(QQQ)$ $iShares Russell 2000 Value ETF(IWN)$ Market reversed off the highs and the SPY $SPDR S&P 500 ETF Trust(SPY)$ is putting in a bearish engulfing "outside day." Image 1During a correction, it's normal for the market to start off strong and end the day weak. That's one of the signs that the correction has not yet run its course and there may be more downside to come. The real troubling action I'm seeing here is the extreme pick up in volatility in individual names (many in response to earnings). In a good number of cases we are seeing pivot failures and even full blown base

(1) We saw Arista Networks $Arista Networks(ANET)$ rally over 30% in just over a week's time(2). It was enough to shoot its relative strength line near its March high.While the Nasdaq $NASDAQ(.IXIC)$ composite pulled back to its 21-day exponential moving average, ANET stock fell below its 50-day line(3) Leading to the relative strength line falling into a downtrend.A late June rally saw one final pause in ANET stock where the relative strength line held up better. We used the June 30 high(4) As a potential entry. When ANET stock crossed that high(5) We put it on SwingTrader.And though the relative strength line wasn't at a 52-week high, it was higher than June 30.We've continued to sell our first third o

$Hextar Global BHD(HALXF)$ Spot Major Potential Trend Reversals with Double Bottoms- A double bottom pattern is a classic technical analysis charting formation showing a major change in trend from a prior down move.- The double bottom pattern looks like the letter "W." The twice-touched low is considered a support level.- The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.- Double bottom patterns occur relatively often and in many different timeframes.- A daily double bottom may indicate a longer-term reversal or shift in trend, while an hourly double bottom may signal only a brief pause in a down trend.

Trading is so underrated.‌Most traders think they need:- Talent- 100% WR- To send rockets on the moon‌You actually need:- A trading edge- Risk management- Basic emotion controlStop sabotaging yourself.Luck is what happen when preparation meets opportunity $Airbnb, Inc.(ABNB)$ How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.— Robert G. Allen