There's always another book you just HAVE to read, and another indicator you need to learn about. Another guru you should follow. You whole life could pass doing this, without ever getting it.
That's not appropriate. You've been trading for a while but you don't understand the basics.
The book is as basic as it gets. "Another" book? How many have you digested - well I know that, it's none.
TMA and HT are base level educators, not gurus.
You couldn't point to the relevant trend the other day, after what, a few years? I think I got trends on the first day.
As I've made clear, it seems you have other impediments.
Meta's sentiment was down because they're spending more. On Nvidia chips among other things. Meta needs Nvidia, not the other way round. Nvidia can sell everything it makes, and has increased the margins.
Meta, like many others, hasn't earned anything at all from expensive AI and doesn't see it happening soon. Their results were a beat, only Zucks' forecast was down. Their price isn't very far down, it's February level. It'll quite possibly rally.
I'd sold 2/3 of mine recently (same time SC unloaded his ) because of suggestions that the price was too frothy. even now it's still way up on where I got it last year. I added to Msft Amazon and mostly Alphabet with the proceeds, so that's ok. I sold Msft about 3 weeks ago at 425 and bought what I hope is a dip at 393 yesterday. Motley Fool is a decent guru for that sort of thing. Gurus are useful, it's at 416 now so I took some profit. I expect it'll be up again tomorrow. It's easier to profit from the big names with consderation than scalping.
Nvidia's price looks high. but not if they have the profits. At the new realities of P/E ratios, theirs isn't exceptional.
I wasn't trading today but I see Neal obviously got it wrong. SC was only right on one of his 5, which is why he didn't have time to go over it later.
So you , lets see,... Oh dear.
785 to 795 is clearly in an uptrend
Did you look at the chart to see where the 805 came from? It was 23rd. There was a bit of hump up to about that level in the premarket but after 14:30 it didn't happen.
No idea why you went short at 785, and given the chart, nor 805. You can see the "805" level on the left, The peak over the NVDA V is much higher, and hadn't shown a reversal on the 5 min.
Than snapchat, 16:11
Tell me, do you see higher highs and higher lows? Is that something to be shorting into?
The first two Apples - you shorted inside a downtrend and won, then you shorted inside an uptrend and lost. Lesson not learned unfortunately.
Suggest you write large in front of you "Identify trend. Look for pullbcak, enter with the trend".
If it's breakout from a consolidation, you don't often get more than 2 safe pullbacks to use. Quit if you see it slowing, Use the 5 min as well, and previous days' levels
SC's note did work today, several times on Apple. "Short from 170."
I'll have a look at Anet, Rolls R, GE, RHeinmetall, today.
AstraZenica and Merck had good results so look at symapthy rises in the pharma sector. GSK, J&J, LLY Pfz, MRNA etc.
CHinese car company show is on so look at the EV ADRs. Xpev, Li Byd Nio etc.
