GOLF - PRIMARY BASEI bought my positions today
August 19, 2024
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after its IPO
3. Buying from a low cheat entry
4. Good breakout with huge volume
5. Many stocks start getting traction
Flawed:
Vulnerable to general market correction
I want to see some constructive action in the upcoming days.
Primarybase
UDNG - PRIMARY BASEI bought my positions today
November 27, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight and clear pivot point (a cup with handle)
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
I want to see some constructive action in the upcoming days.
LOPI - PRIMARY BASEI bought my positions today
October 26, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. It acted strong against the general market
The flaws:
1. The general market is still in hard-penny environment
2. Most individual setups I personally trade don't work out well in the past months
The stock closes good with a decent volume on the breakout. I want to see some constructive action in the upcoming days.
VKTR - PRIMARY BASEI bought my positions today
July 10, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. Tight pivot level/line of the least resistance
4. High relative strength stock
5. Volume dries up before the breakout, a 1-2 punch.
The flaws:
1. The general market is still in correction
2. Most individual setups I personally trade don't work out well in the last two months
The stock closes good and strong on the breakout. I want to see some constructive action in the upcoming days.
BDKR - PRIMARY BASEI bought my positions today
May 25, 2023
The reasons:
1. Low-risk entry point
2. The stock offers the first buyable base after an IPO
3. It has a very tight pivot level/line of the least resistance
4. High relative strength stock
5. It has VCP characteristics
6. I got an 80% win rate on a primary base setup
Flaw:
1. The market is still in a correction
2. Lack of setup in the market
I had a pilot position on May 23, 2023. Today, I added it into a full position.
KING - VELOCITY PLAYI have my positions now
March 24, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. It skyrockets up 100% immediately after it went public
4. High relative strength, outperforming the general market
5. The stock is moving on its own universe, marching to its own drummer
6. A decent shakeout, weeding out week holders
7. Big volume on the breakout
Flaw:
Only 6 days pause, 8 days or more is much preferable
HALO - PRIMARY BASEI bought my positions today
March 9, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Low-cheat level (it is preferable for IPO base)
4. High relative strength
5. IPO breakout is working fine this far
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.
CRAB (VCP - 26W 25/5 4T)I bought my positions today
March 28, 2023
The reasons:
1. Low-risk pivot point
2. This is the first buyable base after an IPO
3. Long base VCP setup
4. Volume dries up as indication of less supply coming to the market
5. 1 - 2 punch with huge volume on the breakout
6. The weekly-base looks even more attrative
The flaws:
1. The stock still has to absorb a lot of overhead supply on the left side
2. It squats today after the breakout
CUAN - PRIMARY BASEI bought my positions today
March 30, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. Explosive run, up +300% after the IPO
4. The correction/pause has VCP characteristics
5. Volume dries up, indicating supply stopped coming to the market
Flaws:
1. Stock closed squat
2. Lack of volume on the breakout
So far, it acting normal. I like to see some constructive action in the upcoming days.
PDPP - IPO BASEI bought my positions today
March 13, 2023
The reasons:
1. Low-risk pivot point
2. The stock reset its pivot level
3. The pivot point has an inside day
4. High volume on the breakout
5. High relative strength
I re-enter my position back today after the stock reset its pivot point into more constructive price action.
ELIT - PRIMARY BASEI bought my positions today
February 8, 2023
The reasons:
1. Low-risk pivot point
2. The stock offers the first buyable base after an IPO
3. IPO base on low cheat entry
4. High relative strength
5. High volume breakout
I bought the final position today as I have accumulated my position incrementally beforehand.
TLDN - MAGNITUDE PLAYThe stock broke out of a very tight handle from its primary base.
This is not a very strong break out with regular volume, but a high RS Line.
STAA - CUP WITH HANDLEI got a follow-up position today on its handle level.
The stock forms a primary base, I like to get myself involved in.
