Hi everyone, I hope you had a nice weekend !
I was on the recently on the sidelines as the market was in a downtrend. This morning the Nasdaq started the day gaining up to 1,5% gain by 10:00AM but lost power intra day just to get back up in the afternoon and close the day with over 1% gain for the day.
Since the Market is currently over sold and the Market breath looked better. I decided to initiate 3 buys in stocks that already had their earnings last week.
I bought early entries in MSFT and NOW that are building a nice double bottom and META building a Flat base.
The most important is to start positions gradually whit a set up that allow to position you’re stop loss for a small loss.
We will see in the next days if this is the start of a new rally. If not at least we will have managed to limit the damage to a minimum.
Please note that this is my trading journal that I use to improve as a trader and trying to become the best trader I can become. I share this journal hoping it can help people. I’m not a financial advisor and all the content of this site is not financial advice.