Oliver

Trend-Following U.S. Equities. Entering on pullbacks & breakouts.

[Oliver @AChartingFellow]

FREE TRADING JOURNAL VERSION 2: GET IT NOW⬇️

The new, and highly improved, version 2 of the free trading journal is now available.

I've spent a few days / weeks putting this one together. Improving the general user experience, and implementing many quality of life upgrades.

The goal with this journal was to push the boundaries of - especially - what paid services should be able to do for you. If a free google sheet spreadsheet, can do all of this, then paid software and spreadsheets needs to step up their game.

Everything is fully automatic, except the "Trade Journal" and the starting capital in the performance dashboard.

Have fun with it. If you find any bugs or errors, please contact me - and i will implement fixes asap.

See how to get your own copy and set up the spreadsheet in the video below.

https://t.co/gTaBz5iDQ8

[Oliver @AChartingFellow]

Study sector rotation.

It’ll be the most pivotal moment of your trading career.

[Oliver @AChartingFellow]

Watch out for over-exposure in tech stocks / ai-related themes right now. Leading names are too extended.

I also see more defensive sectors start to coil back up $AA $MP

Not saying to sell all your tech stocks. But don't make the dumb mistake of giving back all your profits. Take partial profits while you have it, and let the rest of the position ride a key moving average.

Be mindful of entering new positions in the sector as leaders are too extended, and PA seems very explosive in many names. Be patient, and strike under more favourable conditions.

If you are not already in the leaders, you have to wait for the 50dma to start catching up or a shakeout.

[Oliver @AChartingFellow]

Watch out for over-exposure in tech stocks / ai-related themes right now. Leading names are too extended.

I also see more defensive sectors start to coil back up $AA $MP

Not saying to sell all your tech stocks. But don't make the dumb mistake of giving back all your profits. Take partial profits while you have it, and let the rest of the position ride a key moving average.

Be mindful of entering new positions in the sector as leaders are too extended, and PA seems very explosive in many names. Be patient, and strike under more favourable conditions.

If you are not already in the leaders, you have to wait for the 50dma to start catching up or a shakeout.

[Oliver @AChartingFellow]

Watch out for over-exposure in tech stocks / ai-related themes right now. Leading names are too extended.

I also see more defensive sectors start to coil back up $AA $MP

Not saying to sell all your tech stocks. But don't make the dumb mistake of giving back all your profits. Take partial profits while you have it, and let the rest of the position ride a key moving average.

Be mindful of entering new positions in the sector as leaders are too extended, and PA seems very explosive in many names. Be patient, and strike under more favourable conditions.

If you are not already in the leaders, you have to wait for the 50dma to start catching up or a shakeout.

[Oliver @AChartingFellow]

If you were unlucky enough to take this trade ($FLY) you'd be stopped at $44..

Upside reversal invalidated and shouldn't hold onto this loser for now.

[Oliver @AChartingFellow]

$FLY This would be the "lower risk entry" I was looking for, as it pulls back down to the pivot.

Fully invested in other things - so I'm not in it.

[Oliver @AChartingFellow]

1/3 of the $NOW position cut today on the gap up. Expecting a pause or slight pullback in the near term.

Looking to re-enter for another 1/2 of a full position size, if the opportunity to do so presents itself.

[Oliver @AChartingFellow]

$NOW $120 arrived quicker than expected. Won’t complain.

[Oliver @AChartingFellow]

$PANW & $CRWD Reporting earnings next week.

Might present a great buying opportunity incase it dips when the report lands. Definitely ones to watch.

[Oliver @AChartingFellow]

Remember this;

The only way to consistently make money in the markets is to develop your own system.

Too many traders (even experienced ones with more than 4 years of trading) spends too much time searching for the "right person" to follow, the "best signals", or the "perfect guru".

Even If someone else is profitable, blindly copying them won't make you a profitable trader.

Why?

Because when a trade moves against you, conviction and understanding matters.

If you entered a trade, because someone else told you to, you'll have no real understanding of;
- Why you entered.
- Where you went wrong.
- When to take profits.
- When to cut losses.
- etc..

Social media can be a great place to learn. There's so much free great educational content on FinX, and absolutely zero reason to pay subscriptions for trade-alert services, other than pure laziness.

If you absolutely must pay a subscription - paying a subscription for someone actually teaching valuable trading fundamentals is worth 1000x someone telling you to follow their every trade.

[Oliver @AChartingFellow]

$GLW $BE $AEHR

These are some of the stocks on the focuslist for next week.

[Oliver @AChartingFellow]

$FLY This would be the "lower risk entry" I was looking for, as it pulls back down to the pivot.

Fully invested in other things - so I'm not in it.

[Oliver @AChartingFellow]

Watching $FLY as a sympathy play to $RKLB.

$RKLB is the clear leader in the space sector - why this should be the primary source of decision making when entering stocks in this sector.

Sympathy plays does however offer great opportunities at times.

Need a lower-risk entry on $FLY for it be of interest to me.

[Oliver @AChartingFellow]

$NOW $120 arrived quicker than expected. Won’t complain.

[Oliver @AChartingFellow]

$NOW seems to be heading towards the next resistance level at $120 after testing and resting at the $100 century mark.

[Oliver @AChartingFellow]

$NOW seems to be heading towards the next resistance level at $120 after testing and resting at the $100 century mark.

[Oliver @AChartingFellow]

$CRCL Looks like we are shaking out below the 50dma now, and holding the higher-low support line.

Starter position initiated. Will judge for a full position towards EoD.

[Oliver @AChartingFellow]

$CRCL watching for a way to get in. Possibly at the break of the $118 area or a shakeout below the 50dma.

I'll have to see the volume to truly know what to do..

[Oliver @AChartingFellow]

$NOW seems to be heading towards the next resistance level at $120 after testing and resting at the $100 century mark.

[Oliver @AChartingFellow]

$LITE sitting right at the rising 50dma. Watching for entry signals.

[Oliver @AChartingFellow]

$IONQ might be the stock in which I prioritise a potential future entry signal, given the strength of the stock compared to $RGTI.

I'm still watching both of course.

[Oliver @AChartingFellow]

The most undervalued trait in trading, is the ability to avoid micromanaging positions and just let the winners ride.

[Oliver @AChartingFellow]

Nicolas Darvas.

Born in Hungary 1920. Dancer, later trained in economics.

Introduced to stocks in 1952 (32 years old).

Started out with less than $10.000 -> By 1961, he turned that into a $2 million fortune.

He is said to have read upwards of 200 books on the markets.

[Oliver @AChartingFellow]

The Livermore way

[Oliver @AChartingFellow]

From my observations through trading, studying and listening to seasoned traders, volume holds greater significance during the early stages of a trend like turns, bounces, or reversals. Once a trend is established, its impact diminishes, and that trend can continue on very low volume.

In essence, a positive day with high trading volume suggests a more promising chance of a reversal compared to a low-volume positive day. This holds true for negative days as well.

That is why volume is also a significant factor when determining, when and how to sell your entire position.

I agree with some Fintwit posts about volume not being important, BUT ONLY, when an uptrend or downtrend has been established. At turning points and pivotal areas, volume is PARAMOUNT!

I'm aware that there are multiple ways of trading, and that volume might not be significant to all styles. To my trading and methodology, it is very important. To you, it might not be.