TRADE IDEA OF THE (next) WEEK: $INTC
Will post the video on Sunday. $ASML not done yet. 2025 target coming next week. 2000C are super cheap. If it goes red to green.
"As long as a stock is acting right, and the market is right, do not be in a hurry to take profits."
Most traders struggle with this because taking profits feels good.
Selling locks in a win... & holding creates uncertainty.
The problem is that the biggest money in trading isn't made from being right often.
It's made from being right and staying right.
A stock that is:
-Holding key moving averages
-Respecting support
-Showing strong relative strength
-Trading on healthy volume
Hasn't given you a reason to sell.
Many traders spend weeks looking for the perfect setup, only to sell the moment they have a small profit.
Meanwhile, the stocks that can change your year often require patience through pullbacks, consolidations, and periods of doubt.
You'll never be able to sell the top on every stock...
The goal is to stay with the trend for as long as it remains intact.
Give your winners time to become something meaningful.
Trade plan 6/12
$ALAB break over 372.4, 400c Jun 18--to target: $400+
$AEVA break over 24.17, 30c July 17--to target: $27.8+
$TTMI break over 188.4, 200c July 17--to target: $200+
$VECO break over 72, 80c July 17--to target: $77.7+
$AMKR break over 76.30, 80c July 17--to target: $80+
❤️Like if you want more trade plans!
One of my favorite adds today was $NBIS.
-classic Oops Reversal
-while in a huge daily flag
-right off the 8-week
-leading name in hot theme
Absolutely insane setup.
Started $INTC today after war news intraday higher low but it lined up on daily too, prior support, to resistance, & ideally back to support here at $114 area.
$VELO was a standout today.
Velo3D Inc is a high-beta bet on the future of American manufacturing.
The $579M company’s metal 3D printers produce complex parts that traditional manufacturing often can't make produce. Think materials for rockets, satellites, defense systems, and energy infrastructure.
Customers/partners include SpaceX $SPXC Lockheed Martin $LMT Honeywell $HON, and Lam Research $LRCX
In March, the company secured a $9.8 million, 5-year contract with the Defense Logistics Agency (DLA)
VELO ripped 20% today on 3.3x volume on news that the company partnered with Aurelia Technologies to deploy its metal 3D printing platform in next-generation gas turbines
Found buyers at its rising 50-day moving average.
Top watch with the SpaceX IPO just around the corner
Want to study how major leaders top out?
Study the $GLD chart.
• After forming a massive 12-year cup & handle, Gold broke out in January 2024 and rallied nearly +170%. This is exactly why I pay close attention to big, multi-year bases.
• I call this framework "4 Bases & 4 Runs." After breaking out of multi-year or multi-decade bases, many leaders tend to advance in a series of bases followed by powerful runs. I've seen similar behavior in names like $GLD, $SLV, and even $MSTR in 2024.
• During these uptrends, leaders often consolidate and backtest key moving averages like the 21-day EMA and 50-day SMA before beginning their next leg higher.
• The real lesson comes at the end. On the fourth run, notice the climactic volume spike - the highest since the initial breakout. The very next day, price gaps down sharply. That's often a sign that liquidity is drying up and the move is becoming exhausted.
It doesn't mean the asset crashes immediately. Dip buyers can still show up. But more often than not, the easy money phase is over, and the stock or commodity enters a much longer period of consolidation before its next major cycle begins.
Study how leaders begin. Study how they end.
The exits are often hidden in plain sight.
If you found this helpful, feel free to share.
"Nothing good ever happens below the 20MA."
70% of the trading game is about Defense. When markets are trending higher before a pullback, the most at risk is your ''Growth State Capital'' (unrealized gains). When the market actually reverses and you start holding more cash, your ''Principal Capital'' (the money you actually own) starts to come into play - being at risk.
Days like today can be even more painful because losing your Principal carries a different level of pain. Progressive exposure and strategic positioning are key when indices fall below the 20MA, until they revert back above.
Opening a ton of positions just because the market bounces for one day below the 20MA creates big Open Risk without actual Growth State capital. In case things revert like they did today, you end up losing more of your Principal Capital, creating a spiral effect.
Always remember: Defense first. Great offense can only be achieved if great defense has already been established.
To help you mentally my dear followers.
I've been DOWN close to -50% three times in my life.
1. 2008 housing crisis
2. 2020 COVID
3. 2022 banking crisis
And each time, my portfolio went back to all-time highs within a year or less.
RED is temporary.
Do NOT have short-term thinking.
You are scared, but THIS is where millionaires are made.
Let's take this opportunity together.
@BoxTraderVK When gold is trending higher, you go long. When it is trending lower you go short. Just like stocks. What some idiot analysts say is irrelevant.