Reading back on predictions for 5 February, Wednesday, I think I made pretty good reads.
1. Observe
Stock | Result | Explain |
---|---|---|
Microsoft | ✅ | It hasn't hit rock bottom yet |
Vistra | ✅ | It's weird. Feels near resistance but how did it have crazy growth when got fire breakout on 18 Jan? |
S&P500 (SPY) | ✅ | I'm seeing a clearer pattern now. |
✅ | The earning underperform and now behind. Good choice to hold back. |
2. Wait
Stock | Result | Explain |
---|---|---|
Amazon | ✅ | Still no clear trend |
Meta | ✅ | It seems to be reversing soon |
Apple | ✅ | Still no clear trend |
3. Buy
Stock | Result | Explain |
---|---|---|
Nvidia | ✅ | Good identification of price action |
Tesla | ❌ | Entered too early, it didn't touch the bottom of BB line yet |
For 6 February, Thursday
There are two key areas I want to focus on:
- Risk Management (potential upside vs potential downside)
- Identifying Support & Resistance
MSFT
- Rsi says buy, but BB says not lowest yet.
- -10, +40 risk:reward
- Might be range breakout low
VST
- Uncertain
- 1:1 ratio
SPY
- More risk to reward. Should wait for a collapse from 610, buy in at 590
GOOGL
- 3:1
- At support level
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