Hi Everyone, I hope you had a nice day.
The Nasdaq continued a nice rally today after Fed Jerome Powell speech yesterday afternoon. It seems Wallstreet liked his comments as the Nasdaq closed the day higher and today’s rally was quite strong.
Like I mentionned in my last post, I had strarted some positions on MSFT, META and NOW.
Yesterday I decided to start some positions in VRT and CRWD.
VRT is very solid since de beginning of the year. It is currently building a nice flat base on the weekly and a double bottom on the daily. I decided to make an early buy on the follow thru after it brakes the trendline.
I also decided to buy CRWD using the same method on the follow thru after breaking the trendline. Crowdstrike is also a solid one since the beginning of the year and network endpoint security will be most popular in the next years.
Today I took a trade on PLTR buying the low of the gap. I used a very tight stop loss and it holded for the day. Let see if it will manage to hold on friday.
Technical buying point are critical if you want to be able to build a caution before the next pullback. It is also crutial to respect you’re stop loss I know sometime it could be frustrating as you’re stop loss is hit and the stock manage to get higher the same day. But it is better to be safe then sorry in that business.
Another important aspect of trading is to be aware of the environment you’re dealing with and trade accordingly using risk management and gradual exposure.
On this I wish you the best and never think you’re the best trader because you have a great trend. It’s always at this moment that the market reminds you that nobody knows what tomorrow is made in this business.
Thanks
Please note that this is my trading journal that I use to improve my trading. I share this journal hoping it can help people and learn from them. I’m not a financial advisor and all the content of this site is not financial advice.