The Power of Qualitative Rules for Focus List Creation
Something I believe is often misunderstood by newer traders who dive into trading without proper guidance on the actual routines and processes required for longevity, and the need to manage trading like a business you own, and with tempered expectation. The truth is, my post- and pre-market routine takes far more screen time than the actual market session itself. Many overlook the effort, commitment, and discipline it takes to show up daily — even on days when no trades will be executed. (For example, I won’t be trading until Thursday this week to avoid pre-market gap risk events since it gives you limited intraday profit cushion.)My pre/post-market work, often done in a coffee shop, easily takes a minimum of 2 hours per session. The process flows like this:Screening → Watchlist Management
$Quantum Computing Inc.(QUBT)$ (ADR 10.5%) & $D-Wave Quantum Inc.(QBTS)$ (ADR 6.8%)Got QUBT into my stalk list today while as I'm seeking similar higher low price contraction similar to first week of June. QBTS already qualifies into my focus list with its superior intraday strength over QUBT, also closing above 10 & 20-MA. Just waiting for a strong volume run rate within opening hour via RVOL for an executionImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-F
1. $Sea Ltd(SE)$ Not positioned as I'm only looking for new trade execution beginning Thursday as highlighted yesterday. Today's move just barely reclaim 50-MA, now at 0.4 x ATR% from 50-MA. One could still afford to stay on the sideline for further price development for RS improvement.Image2. $Amentum Holdings, Inc.(AMTM)$ - Structure Still HoldsRemaining above 10 & 20-MA for this IPO name. Now at 1.9 x ATR% from 50-MA but further sideway action if market pulls back will make this setup ripe upon a strong volume run rate session for RVOL entryImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG,
$SUPER MICRO COMPUTER INC(SMCI)$ - Update (Not positioned, but there's still opportunity if pullback) Not positioned from yesterday's semicon group gap up. It open at almost 4.7 x ATR% from 50-MA and most of its entire range was traded within 45mins post open, and remaining session was just price drift. This explains the lowly traded range of 66% from LoD ATR. I am shifting this down from focus list to stalk list as both $VanEck Semiconductor ETF(SMH)$ and $iShares Semiconductor ETF(SOXX)$ are currently trading at their individual extension of historical ATR% multiple from 50-MA, there could be further opportunity for SMCI to pullback into gap range and re-setup w
10x ATR% Compression Without Pullback: Example from LIF
$Life360 Inc(LIF)$ - Educational Post: Example of 10x ATR% Compression Without a Pullback, but at Higher Price.Many believe a 10x ATR% extension in a stock rally requires a significant price pullback (y-axis on chart) for ATR% compression. However, time (x-axis on chart) can also compress the ATR% multiple as the 50-day MA catches up while price drift without significant singular directional price action.$LIF reached 10x ATR% at $62 on May 13. After two months of sideways consolidation at $64, it’s now only 2.3x ATR% from the 50-day MA, compressing by almost 80% and resembling a Darvas box range consolidation pattern.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit
$TeraWulf Inc.(WULF)$ is my go to among the 11 tickers. i will second $Bitfarms Ltd.(BITF)$ but WULF has a stronger overall price structureThought process1. Less than 4xATR% from 50-MA, only 3: WULF BITF $APPLIED DIGITAL CORP(APLD)$ . Think of my ATR% from 50-MA multiple as how far u can stretch/pull a slingshot from a base structure 2. RS first, Setup second, look at the volatility adjusted RS against BTCUSD in comparison to the first. WULF and APLD begins RS first on 30th May, BITF only begin on 23rd June.3. MA resistance challenges, WULF is the only few trading above all MA4. There is a higher low consolidation setup in price structure for WULF in the prior 5
$Valkyrie Bitcoin Miners ETF(WGMI)$ – Bitcoin Miners ETF, there may be an indirect opportunity within the ETF.After pausing following a 10x ATR% extension from the 50-day MA last Thursday, a breakout from the current sideways bullish pennant consolidation could trigger further upside in BTCUSD and ETHUSD. Current setup in WGMI is at 6.8x ATR% from 50-MA, too extended for direct execution. This is where I dive into the combinations of tickers within WGMI; $Riot Platforms(RIOT)$$IREN Ltd(IREN)$$TeraWulf Inc.(WULF)$$Bitfarms Ltd.(BITF)$$Cl
Maintaining TSLQ as an opportunistic idea for potential market pullback
The setup I was seeking is for $Tradr 2X Short TSLA Daily ETF(TSLQ)$ to maintain a sideway or a flag based consolidation price action to maintain it as an opportunistic idea on any market pullback, but yesterday's price action is to erratic for near term entry. $Tesla Motors(TSLA)$ short idea remains in my stalk list but there's definitely nothing actionable at this juncture.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.