SMCI Trade - again?

 

AI Trade

 

SMCI Trade

 

5 min 15 sec trade +$370

 

RTY Trade 1hr 25 min $11,405 gain

 

Start taking profits!

 

RTY Trade 2min 59sec $975

 

😊😊😊😊😊

RTY Trade 24min $4,574

 Traded after FOMC 

RTY Short Trade 1 min 51 sec $160

 

 

RTY Trade 7min 51 sec $520

 

MES MYM M2K Trade 8 19 2024

 Early trade on M2k, second trade got stopped, a good 3rd trade

2 loss on MES, one got stopped, a good 4th trade 

One good trade on MYM

MYM 'h' PATTERN SHORT TRADE - 8 16 2024

Traded MYM on 'short', through  'h' pattern 'recognition'. Familiarizing technical charts/pattern is a must in market trading. Either where the market goes, recognizing market behavior can take an advantage.

MYM third trade. Got stopped on 2nd trade. Recover the third trade on reversal.

M2K 4 trades. Got stopped/out on three trades, not acting right. Got it on the 4th reversal.

Traded MES on a nice one entry, able to capture while the three indices are acting on reversal at the same time. 

MYM M2K Trade 8 14 2024

The market went up early before the open due to positive economic report.

Traded MYM and went down, added 1 contract as it settle below, and exited from the previous entry.

Traded exceptionally well the M2K below, a classic reversal.

MYM M2K Trade 8 14 2024

Traded MYM (Dow 30, micros) on 1 minute time frame, got stopped 3x, recover the 4th time, patience paid off (one hour watching the market like a hawk 😅).

Traded M2K (Russel 2000, micros), got stopped 2x, capture the bottom buy (reversal) the 3rd time.

MYM M2K Trade 8 13 2024

 

M2K MYM MES trades 8 6 2024

Traded the three indices at the same time on one minute chart and capture the bottom buy.

MYM & M2K Trade 7 30 2024

 Good setup trade in the e mini Dow

M2K 5failed trades (blue circle), last trade (green circle) covered all the losses -  patience and persistence is a must in trading, need to cope with the market zig and zag and find good strategy setup

YM & M2K Trades 7 10 2024

 Not perfect trades, good enough in terms of probabilities

YM TRADE 7 9 2024

 Lack of focus trade

NQ TRADE 7 8 2024

 Traded NQ micros on short

YM & RTY Futures Trade

Short trade in the futures market 7 3 2024

Is Trading 'Easy'?

 That can be answered depends how you interpret the market based from your own participation. I made this kind of question to my own trading because I do my own trading by myself without the aid of anyone except through my own way of learning. I am not saying/boasting or tooting my horn, it's because I don't have any means to pay expensive seminars, subscribe to expensive tutors or whatever those 'great' traders are espousing that they can beat the market, or those promises that they know how to make a good trade and help you make tons or millions of 'In God We Trust' paper.

That's pure nonsense as far as this humble market observer is concern, though I can't show any kind of that tons of green paper, but based from my own humbling way of participating in the market, when it comes to making trades, trading can be done by you alone, it cannot be done for you, that's for sure. Trading is within you!

So is trading is easy? No it's not, but is 'simple'! With that, you can answer that when you are in the market losing for long, as this market observer can point out. Trading can be done based from your own  market observation, reading the minds of the market...as that famous quote from the market speculators always emphasized. It's about understanding the whole market structure, it's about your own way of interpreting how you can participate based from your own way of learning, it is not about how other people's (traders) way of trading - it is about your own way.

It is not how 'sophisticated' you are, I mean those indicators, it is not about how you fill your chart with lots of indicators which 'most' don't understand - only the one who invented it can understand, or if they can/do (I mean the inventor itself), I'm sure they don't use it either (sorry folks). It is not about that vwap...profiling... fibs...tick...rsi...or whatever...those are all for sophistication, the more you 'sophisticate' your trading, the more you make it hard to make a trade, is that not 'common sense'?

So make a trade based from your own way, don't trade other trader's way, because at the end of the day, when the market opens, everybody are scrambling to make green bucks. The best way is to collate great trading ideas, mold them into your own, implement it the way you understand it based from your own way of understanding how the market works, the big question there is 'how the market works', that will be your problem to solve, that will take a long time to 'dig' your 'bonehead'.

Based from my years of losing, desperation, frustration, name (I mean the hardship in the market) it I experienced it, trading the market is simple...but it's NOT THAT EASY!

Last minute trade

Friday's market not quite interesting, an ugly chart trading day.

Did last minute trade and able to get back early loss.

Trade MNQU4 in the futures markets (chart is QQQ, similar pattern).

Daily Trading Notes

Following are notes to be aware of when confronting the market

1. Don't impose will in the market. Trade what charts do.

2. Wait for the right timing/pattern to emerge. Don't manufacture trades.

3. Gad'm shit - cannot trade the market everyday!

4. Add to winning trades, not to losing trades.

5. Don't trade/send money to suicide mission.

6. Don't just trade for the sake of trading.

7. Market doldrums - 8:30am - 11:30am. PT (need to be aware of, market is taking lunch break)

8. Trade smarter not harder. Focus on the process.

9. Trade with an edge. Trade with sense.

10. Trade what you see.

11. Be accountable. Protect capital.

12. Be patient. Wait for the right trade setup.

13. Be consistent. Be selective.

14. Cut losses. Always put stop.

15. Job is not trading. Job is to make money.

Trade 'in-between'

In trading the market, impossible to buy at the bottom and sell at the top.

The best way to trade is 'in-between'.

Trade with an edge - to make a good trade and make money

There lots of ways to make money trading the stock market, and the opportunity to make money is always there.

The money is always there ready to grab it - if you know and learn how the market works, you can earn a living trading the  market.

It's not about having much capital, it's about having understanding how to make trades with an 'edge'.

Edge is about the knowledge and understanding the market movement relative to the technical charts.

And having familiarity with the trading instruments will have an advantage  - futures/stocks/cryptos/forex.

Once you develop a familiarity based from your own understanding, then you can have the edge.

Futures markets especially the indices preferably offers good opportunity. 

They correlate the main charts below.

Futures markets especially the micros offers low margins and you can trade them with minimal capital.

Trading for an 'Adventurer Trader' - lessons from an ordinary self-taught individual home trader

Been trading for quite some time, on and off, through the years of self learning, I find that trading is all in 'yourself'.

Cannot be like those traders in you tubers and in the trading books - they're all 'myth'.

Even if you have all the ideas in trading and have much capital, but if you don't have the self belief and thorough examination of yourself - cannot be done positively.

All you will have is frustrations, denials, searching/researching of ways to become 'profitable', and 'become successful' - like those in the You Tube's - mind you, that will just be a dream (well - better to have a 'dream' than not to have one😏).

Have read a lot of books, name it and I have read them most if not all, including those 'scratch books' in kindles, they won't help, all you will get are just words/sentences/techniques/strategy/quotes, whatever - that will just leave you spinning around and continue thinking/implementing ideas you got/learned, not knowing you did everything, and for years, still chasing that 'that' dream someday you can make it.

Not ever, you cannot make it!

Unless you have that 'third paragraph' sentence of this post - it will just be a waste of time/money/effort - and you will remain 'gambling' your intelligent mind forever and you might get a 'divorced' notice from your princes/pals/love ones😝.

SHIB to the moon

 possible to make a good $ outcome per the chart below

5/31/2024 Observe & Trade

 Initiated few shares of the stocks below for next trading week

5/31/2024 Observe & Trade Update

 A few of the selection made positive gain from Tuesday's stock prospect.

Only NEE made something.

5/28-31/2024 Observe & Trade stocks

Charts below offers new trade opportunity for the week, let's keep an eye Tuesday price movement/signal and enter the best price we think will give us an edge, once we get 2+ dollar gain, exit the trade, we have 8 instruments to select the very best bet we can Observe & Trade this week!  AZN; CHRW; FORM; KTB; NEE; PEG; RDNT; TNDM

what is the market and why

 As exposed in the stock market (wall street) in an individual manner thru own reading/research, find it fascinating that there is an opportunity to earn something through your own way. 

As new technology being created and introduced, participating in the stock market gives every ordinary individual an opportunity to earn something as long as you know and learn how it works.

Most legendary/wealthy market veterans who've been conquering the stock market world for sometime, 'discourages' new entrants participating in their elite world (since before only them who has the privilege to participate), they monopolized the market. And most even in their 90's are still in the market and don't want to 'retire' - they still want to control the main money, that's why ordinary people are struggling because they control most of the wealth?

They don't like new stock  market platform that offers few dollars to play/trade/invest the stock market.

It's time for the tiktokkers/redditors to get involved and get/claim even a fraction from the elite wealth?😅

DOGE 2024 breakout

chart below seems the reminiscences of 2021 when DOGE wag the tail hard and made a breakout to the top, let's wait till the end of 2024