Stocks do not move alone in a vacuum, get out fast
$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $iShares Russell 2000 ETF(IWM)$
kickstarted US Investing Championship 23 on 2nd place (+64.3%) for January, my highest standing over the 3 years so far
have some big winners highlighted from my daily diary worth studying $AMC Entertainment Preferred(APE)$ $CymaBay Therapeutics(CBAY)$ $STMicroelectronics NV(STM)$ $HIVE Blockchain Technologies Ltd.(HIVE)$ $Aqua Metals(AQMS)$ $Cenntro Electric Group Limited(CENN)$ $iQiyi Inc.(IQ)$ $MINISO Group Holding Limited(MNSO)$ $Bloomberg Natural Gas Bear 2X ETF(KOLD)$ (unrealized)
let me sum up all the DMs;
- think odds of 1b mket cap name to move 100% in 10 days, or 50b market cap name
- indirectly create volatility and higher RRR when u enter tight, entry to stop <50% LoD to ATR
- high turnover is not a bad thing when trades don't work. u get out fast
stocks do not move alone in a vacuum.
when they move, they breakout in clusters, with trajectory in its industry group.
identifying and staying with the most powerful few group is the only way to make significant progression in your equity curve.
if u can define the difference between short term swing investing vs short term trading, u will shift your focus to vastly different variables and refine your considerations in a setup
-group traction, momentum, avg portfolio ADR%, ATR, R risk, MMTW, entry from LoD% to ATR etc
turning up daily is an edge. you get a feel of what the market and the different sectors and groups are behaving, which creates an inherent sense to the market strength and weakness
get out fast = recycle capital, release margin. focus will always remain on winners than trades that drift around to your stop eventually (a potential winner that drifts will setup new entry most time)
https://twitter.com/jeffsuntrading/status/1628586305952309250
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