frenchiestocks

Even after a couple years of being in the game, the action experienced in March of this year can be account wrecker for anyone, regardless of experience / time in the market. Proud of how it was managed on my end, complete 180 of how I managed last years down cycle.

Biggest trade of the year so far. Been involved since 4/2 and added on 4/14 on the test of the 20ema. Big day on it today. Stops set under days low. $PL

Today’s gap down and rally on bad news suggests the market has moved on.

Too many names to post. Most of these charts look very similar, and it's incredible how many of them held up so well during the market pullback. Some had set ups to get involved today, others didn't, just how it goes.

"You want the stocks trading at their highs" $PL (4/2) $GLW (4/8) entries Been involved in $CRCL (2/25) since the EP and using the 50 as my trailing stop on the rest of my shares Lots of names continuing their moves higher. Have to swing when the ball gets positioned in the strike zone.

@DeItaone Lol yea and we all wouldn't have to pay taxes this year if the IRS allowed it.

RUBIO: HORMUZ COULD BE OPENED TOMORROW IF IRAN ALLOWED IT

I’ve stopped trying to follow the news related to the war. The markets will tell the story of when the war is either over, or when negative news stops impacting price. Seen too many conflicting news every couple of minutes. Pointless.

A gap up on a Monday with fake news. Yeah no thanks.

Bad news after bad news today. Who knows where the bottom might be, I just know that everyone is the most bearish at bottoms. Maybe we can get some consolidation and basing in the leaders with this market weakness.

Recently came across Caamp and been listening to them very often. Good driving music when we head up to the mountains for a weekend. youtu.be/J1vTi9ycpiA?si…

@Billyonaire__ 100%

@glstocks Beautifully said, the not sexy truth spoken from experience. Ironically the best money is always in hindsight the “easiest” it just works - defense, keeping money to me is the elite part.

I've been in this place before where there's maybe 5 stocks that "look good" while the index is under key moving averages. In the past, I would be actively trading during this time. Trying to find a stock to push my accounts higher while I knew I shouldn't be trading. The golden 10 over 20 rule was merely just a thought, and not a hard rule that I followed simply because I guess I didn't fully trust it. I'd dig myself into an unecessary drawdown, and think it was the strategy that was failing me. Too many trades, some progress, lots of give back. When things did actually turn around, I would find myself digging out of the drawdown, come out net positive + some. Then I'd go back and do the math to see how much I would be up if I didn't trade when the 20 was over the 10 in the index. I think those were the biggest moments of understanding and acceptance for me. I know it's tough to not want to do anything because of the fear of missing out. There are a lot of good acting stocks that create fear of missing out. $SNDK up at the top of the base looks like it may want to break out, $CRCL $FSLY straight up from the earnings report. $NBIS gets an investment from NVIDIA that's 10% of their mkt cap so it has to be revalued right, $DELL post earnings flag long. The thought of, "If only we caught those, and didn't trade anything else, we'd be in good shape." It's a grey area in the markets because some stocks are working, but most are acting the terrible. The rule of the 10 over the 20 quickly gets forgotten because of the 1 stock going up today. What we don't see is all the potential set ups that didn't work, which significantly has reduced the expectancy of trading during a bad environment like we are in. I don't claim to know everything, and frankly don't care to. What I do know is that there are a lot of ways to make money in the markets, but there are 100x more ways to lose it, or give it back during these periods.

@grimstrade Yes that can be true

@glstocks But during choppy periods 10 can still be above 20

@BrionesLodi Depends on the person. What's an ep to you?

@glstocks is this EP?

$CRCL was up nearly 60R at the HOD. Since it's showing signs of extension, I sold half of my position today. Trailing the rest.

@Tai_Trades It depends. If I am it needs to be at a longer term moving average on one of the strongest stocks. Or a gapper with good news. Other than that, I don't have much interest in the mkt.

@glstocks You still trade when 10 < 20?

Important to stay nimble during these times. Other than entering a name that has really good news on day 1, and deserves to be held, everything else is stick and move in this environment. There's no reason to be holding a stock from a break out / U&R / pb buy for more than a RR trade. To me, if I'm holding a stock for more than that, it means I'm anticipating the bottom in the index since we've yet to have a follow through day. It's easier to be quicker in this environment, take what the market gives, and not have an overly optimistic expectation of what I want from a trade until a FTD. Follow through is next to none in chop / during a correction as shown in the past few weeks. The exception to the rule is a gapper with game changing news.

$VRT good strength off the 20 $MU getting bought up off the earnings gap down $SNDK breaking out $NVDA trying to reclaim the 200 Good signs on the gap down so far.

$AAOI $DOCN $YOU $DELL $LITE $AXTI $NBIS some of the first names to go green on the day in todays gap down.