Market Update - 2/16/2024
• Mixed signals -> large caps seem like they are just starting a new uptrend while small caps are looking the worst in a while
• Breakouts overall still don't seem to work, EPs are probably better and pullback buys, though I haven't seen much traction (nor do I have much experience in those tbh)
• Given I'm in a large drawdown since December, I'm doing some research and realized a few things:
• I'm not adjusting my risk $ and position sizing in bad market times
• I don't take into consideration my streak of gains/losses to determine how aggressive I should be
• I have FOMO and prefer to enter trades than miss out on them
• However, the above is only true for new trades, because I do have a fear of re-entering trades where I got shaken out, which are many times massive winners. I already have a long list of these names where I got shaken out only to miss the biggest moves. Interestingly with some names I did it correclty like with
SOUN, by re-entering a little higher after getting shaken out.
• It's probably because I'm rarely aware of what I'm buying and how the stock could benefit from the market environment and leading themes.
• In general I fail to identify leading themes and sectors
• Breakouts overall still don't seem to work, EPs are probably better and pullback buys, though I haven't seen much traction (nor do I have much experience in those tbh)
• Given I'm in a large drawdown since December, I'm doing some research and realized a few things:
• I'm not adjusting my risk $ and position sizing in bad market times
• I don't take into consideration my streak of gains/losses to determine how aggressive I should be
• I have FOMO and prefer to enter trades than miss out on them
• However, the above is only true for new trades, because I do have a fear of re-entering trades where I got shaken out, which are many times massive winners. I already have a long list of these names where I got shaken out only to miss the biggest moves. Interestingly with some names I did it correclty like with
SOUN, by re-entering a little higher after getting shaken out.• It's probably because I'm rarely aware of what I'm buying and how the stock could benefit from the market environment and leading themes.
• In general I fail to identify leading themes and sectors
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.