Ghost Alpha

Momentum growth trader | Sharing the process, rules, and setups I use to find true market leaders. NFA.

[Ghost Alpha @Ghostalpha]

@AlwaysBeThinkin @amitisinvesting @stevenfiorillo @Futurenvesting @Couch_Investor 🤣

[Ghost Alpha @Ghostalpha]

@jbfinancebull @Qullamaggie Yeah he’s pretty good.

[Ghost Alpha @Ghostalpha]

Martin Luk made 969.8% last year and set the US Investing Championship record.

He used to run 5 to 8% stops. Now they're under 3%.

In this interview with Norm Zadeh he's asked who trades like him, and he says @Qullamaggie is his biggest influence. Most of his setups came from him, the breakouts, episodic pivots, gap ups, parabolic shorts and longs.

The part I care about is the stop. He says at the beginning he set his stops wider, maybe 5 to 8%. After getting influenced by Kristjan, he gradually narrowed them to under 3%.

Is that 3% once you're in profit, or right from the start? His answer: all the way through, right after the entry.

Tight stops mean getting stopped out a lot. I think that's the point. You pay small and often so the winners can do the heavy lifting.

Full interview with @martinlukkt in the comments.

[Ghost Alpha @Ghostalpha]

Full interview, Martin Luk on the United States Investing Championship podcast with Norm Zadeh. The stops part starts around 15:13.
https://t.co/yv6Rf6uWmy

[Ghost Alpha @Ghostalpha]

@KobeissiLetter Zoom in some more I can’t see the candle!

[Ghost Alpha @Ghostalpha]

Short covering or real buying, the first day always looks the same.

The lack of leadership is the real concern. Time will tell.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Nasdaq 100 surges over +3% on the day as short covering accelerates.

This puts the Nasdaq 100 up +9% from its low seen just 6 days ago.

[Ghost Alpha @Ghostalpha]

@CKCapitalxx do chins like that actually exist or is this AI? meme of the year btw

[Ghost Alpha @Ghostalpha]

The declining 21EMA (green line) has been resistance for the Nasdaq 3 times over the last 30 days.

Worth watching how the market reacts to that test, and if it’s different this time.

[Ghost Alpha @Ghostalpha]

@molecule_trader oh man. I've been seeing those screenshots around here...😬

[Ghost Alpha @Ghostalpha]

This market can gap either way tomorrow and I wouldn’t be surprised.

No point in guessing.

[Ghost Alpha @Ghostalpha]

@StokPix np!

[Ghost Alpha @Ghostalpha]

William O'Neil built the follow-through day because he didn't trust anybody's opinion on when a bottom was in. Including his own.

It doesn't matter how you "feel" about the market. It's a signal to go to work.

If you did your homework during the correction, you have a list of stocks holding up best and building bases. The follow-through day is when those start breaking out, and he expected you to be buying them.

Not every follow-through works. But no new bull market started without one. If it fails and the rally attempt low breaks, you cut and wait for the next one.

Today's day 4 and we're gapping up. How we close ultimately decides it.

[Ghost Alpha @Ghostalpha]

@molecule_trader One shot instead of pills forever. Pharma's subscription model felt that.

[Ghost Alpha @Ghostalpha]

@hitborg Oversubscribed is Wall Street for you're not getting any.

[Ghost Alpha @Ghostalpha]

@KushPatil_ @grok The renter, if he really invests the difference. He won't, and he definitely won't buy the AI names today.

[Ghost Alpha @Ghostalpha]

@slava_invests @grok Make no mistakes is doing a lot of heavy lifting. Especially on a day you get to find out if this is a follow-through.

[Ghost Alpha @Ghostalpha]

@FaramirInvests Bigger loss, bigger party. Then a gap up like today's and everybody's a genius again.

[Ghost Alpha @Ghostalpha]

@jbfinancebull My cash position read this on a day the AI names are ripping and felt personally attacked.

[Ghost Alpha @Ghostalpha]

@hitborg signals over feelings, I love that. stealing it!

[Ghost Alpha @Ghostalpha]

@closingstance thank you sir!

[Ghost Alpha @Ghostalpha]

@StokPix BlackRock. Heroic is a generous word for a firm that's buying AI right along with everyone else today.

[Ghost Alpha @Ghostalpha]

@jfahmy I’m George, but thank YOU! Been following your stuff since I was as at MarketSmith.