Market Update - 12/29/2024
• ended up flat for the week, despite a lot of trades, was up to 100% invested on Thursday, but ended up back to 17%
• still cautious, the market might put breakouts on hold and we can see a correction
• there are a lot of setups, good setups even, but I expect the fail rate to be very high going forward, until the market broadens out
• the market is still led by a few names and the majority of stocks are relatively oversold, but I think we could go lower if the large names start to correct too
• however, my trading statistics have been improving very nicely, currently at above 3-4x RR with a ~30% win rate, which means if I can keep or improve this, I can get to profitability soon
• still cautious, the market might put breakouts on hold and we can see a correction
• there are a lot of setups, good setups even, but I expect the fail rate to be very high going forward, until the market broadens out
• the market is still led by a few names and the majority of stocks are relatively oversold, but I think we could go lower if the large names start to correct too
• however, my trading statistics have been improving very nicely, currently at above 3-4x RR with a ~30% win rate, which means if I can keep or improve this, I can get to profitability soon
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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.