@TSDR_Trading Yep. I do get the funny meme content for entertainment but like you said a lot more time should be spent on there own trading. Shit we probably shouldnt even be wasting our time doing this hahahahahhaa. Great post though and well said
More people will spend time posting shit about the great Jensen Huang instead of working to improve their trading process. And that’s why most don’t make it.
Thanks for the reply Webby!
This was the first follow-through day I can remember ignoring in my trading career. I am normally very disciplined with them. I do gauge the amount of exposure I take based on the strength but doing nothing today was a lapse in my rule following. Even a micro position in the QQQs would’ve been fine I’m realizing and if I remember correctly you said it was more about the psychology behind the decision to buy than anything else on days like this.
Market school and your days on IBD live were game changer for me but the learning is never done and improvements can always be made so I appreciate you and @Upticken taking time to answer this.
I’m sure I’m not the only one who ignored the FTD for various reasons and is debating was this smart? or was this breaking of my rules? Hopefully they see this and it helps them too.
@Upticken@mwebster1971 Thanks for taking the time to reply. In hindsight, I guess my better move would’ve been even a micro QQQ position to hold discipline while still accounting for the weakness in the FTD.
Always trying to keep learning and improving!
Thank you again!
Not all Follow Through Days=FTD are equally actionable. FTDs must be graded on the action in and quantity of new leaders. I would grade todays likely FTD a C. If, if, if more quality new True Market Leaders erupt higher, I will upgrade my rating but for now today looks mostly like a short covering rally vs the start of something big. Dozens of todays big % movers like SNDK remain -40% to -65% off highs and even after todays large % gains remain below their 200DSMA. Hopefully in the next few days market health will improve. https://t.co/UkFoeQBtoY for all my best ideas.
#StockMarket #CANSLIM #BTC #Finance
https://t.co/UkFoeQBtoY If you haven't read the recent report, you're missing out.
#IBDPartner @marketsurge
https://t.co/ttEaIPvTCt
A Follow-Through Day?
Today could be a follow-through day. That’s usually when we start looking for opportunities to put money to work.
But there’s a catch. The gap is being driven by semiconductors, still one of the weaker groups, following a strong $CRWV report. Meanwhile, most of our setups are in medical and healthcare, and that group is red this morning.
Half of all follow-through days fail. Watch @mwebster1971 videos on FTD's, that's your homework!
Here’s the question I’d keep in mind: Where do you think we’ll be one week from today? In a full-blown, glorious uptrend, or still dealing with chop, failed breakouts, and uneven leadership?
We don’t need to predict the answer. We need to manage risk while the market figures it out.
A follow-through day is a reason to get more engaged, not a reason to throw caution out the window. This may be a day to test small, or not at all.
Let the quality of the setups and the market’s follow-through determine how much exposure we earn.
The beta rolls out to limited users this week, working with about 200 users.
Once we get good response and feedback, we will release it to everyone.
I'm extremely excited about this because it unlocks incredible flexibility and capability for our screening.
We've basically solved technical & historical screening.
💪
@Deepvue really making their platform more than just a tool with the Community module!
Being able to share and converse with fellow traders not just your thoughts but screeners, watchlists, dashboards and more is really cool!
Looking foward to sharing my thoughts and tools daily while seeing this community of Deepvue users continue to grow and improve together!
Great work @AmeetRai@RichardMoglen and @RossHaber !