Investment analyst based in the Baltics. This is my personal trading journal where I share my insights based on data analysis, Main Page : @ruth_capital Vilnius, LithuaniaJoined April 2016
good morning
plan is simple - do nothing
too much econ. data this week and September can be rough both ways
I wouldn't say there is a clear trend as of this moment - some names washed, some overextended, some look really good
I'd wait for a more established picture
don't take this bull-run for granted
it pays to be retarded and stupid, the more reckless you are - the more you earn. eventually we will hit a wall, and there is always someone left holding the bag. in a month, year? who knows
whatever happens later - make sure you already won
my take on the software-company selloff in the recent quarters:
pretty ugly tape and many both / retail-liked names have been brutalized. human-driven seats are taking a beating, and the new AI cycle is making sure the work gets more efficient, rapid, and mature
what is…
$IGV chart looks like daddy came out to play, as told before software will end up being an opportunity either now or later and this is already a nice bounce paired with EMA directional flip
only one Ruth but you already know
September-list of 25 stocks that have great bases and can bazooka into a rate cut:
$TSLA $TEM $RNA $VSAT $BLDR $YOU $RBRK $OKLO $MELI $ASTS $FROG $RKLB $IONQ $AEO $NBIS $NET $ANET $CCL $BMNR $CDNS $CHA $PGY $RSI $SOFI $GRBK
run-ups to the event are almost always nuclear
this is so, so relevant
time and time again a lot of players get stopped out on PA without waiting for closures, or allowing one closure to kill a trade
like today -- lot of assets looked weak but how many had more than 1 closure under KMA?
a very good lesson, humbles us all
the month of September in the stock market:
- the worst month historically in the S&P500
- includes post-summer rebalancing and behavioural biases, return from summer vacation and exiting/adjustments of positions
- mutual fund fiscal year-ends for some in September (or the third…
last night showed majority here have difficulty with managing allocations in portfolios
while it was high-beta stocks that got tarnished the most, even your day-trading accounts <should not> swing 15%+ to the downside on a first pull-back/system refresh day
I keep repeating…
the choose rich package (also known as - best names to spark up longs should markets cooperate)
$TSLA $TEM $BULL $GLXY $MNMD $SOFI $RMBS $AEO $META $HD $SOXX $APLD
no charts, just listing names to save your time - these have nice bases/coiling with supportive derivatives action
65min, daily, weekly for stocks
2-3D for crypto-currencies and pairs
the only frame guidance you need based on my experience
repeating it from time to time so you know this
there is one common mistake I see people doing and that is exercising a <good> profit
even though I advocate for layering out once you're in a decent plus, please remember - <good> profit should not be the reason to quit your position - a tune change on indicators is
know this
I suspect we will get more turbulence in the coming weeks - my positions usually get torched around September, this is when the real fun starts historically for me
right now, more than ever, it will be crucial to operate on closures - not wicks
become a patient furu
never forget the 3-day rule
if a company dies must allow for it to vomit and receive multiple downgrades
only then you can try and tip toes into the crash if you see it as an opportunity
always remember this
top 3 most USELESS things shared on financial X daily:
- 7T money on the side-lines
- inflated PE ratios
- $PLTR overvalued, $UNH undervalued
you're welcome to add anything else
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