Nathan Bancrofft

Personal Trading Journal

[Nathan Bancrofft @n_bancrofft]

Weekly chart of SNDK in case people need a reminder of what a stock can do after it goes sideways in to the first test of the 10WMA after breaking out of a base.

Not saying that every stock will do that, but this is the spot that most leaders are currently at (blue arrow)

[Nathan Bancrofft @n_bancrofft]

Sometimes they won't be as orderly as you like and present the perfect pivot,

For me as long as they're holding price structure I view it as constructive.

Sometimes those bigger red candles serve their purpose too, shaking out late chasers and making people take them off watch.

[Nathan Bancrofft @n_bancrofft]

- Another strong day following weekend news
- SNDK TER AMD positions hit new all time highs
- Some consolidation near highs for indexes would set some great pivots in leaders.
- Have your ideal scenario's but be open to all possibilities. Price > everything.

[Nathan Bancrofft @n_bancrofft]

I often see people say they really struggle to hold for bigger moves.

I think personality can have an effect like most people will say but in my opinion , a lot of it is to do with your process not aligning with your goals.

[Nathan Bancrofft @n_bancrofft]

Weekend Review (Free Access)

- Good close to the end the week.
- Positions acting well overall.
- Bought BE.
- As mentioned for a while, most stuff got extended and now going through first consolidation.
- See if markets and leaders can build out constructively

[Nathan Bancrofft @n_bancrofft]

Daily Review

- Pullback day but most close well off lows
- Importance of getting off screens and letting stuff work if have cushion
- TER stopped on add, rebought.
- Bought TSLA
- Ideally we see some consolidation here in indexes whilst MA's catch up, would help to set pivots

[Nathan Bancrofft @n_bancrofft]

$TER

Was stopped on my add under the 345 level, bought it back off 10WMA. Better spot and great close

[Nathan Bancrofft @n_bancrofft]

Embrace the boredom of inactivity.

‘There was nothing further I could do. I felt elated and restless, but powerless. I was like a scientist who, after years of work and research, has successfully launched a rocket to the moon, and now as he tracks it climbing higher and higher

[Nathan Bancrofft @n_bancrofft]

$TER (long)

Double inside day in this pivot above MA’s here after the rally back from earnings gap down

Still viewing this as a first base out of a 4 year breakout

[Nathan Bancrofft @n_bancrofft]

Some of the stronger stuff from my watchlist could be starting to follow my ideal scenario doodles. $NBIS $ARM have bounced strongly off recent pullback lows and would look great with a handle here.

$INTC Too strong to rest so far. A retest of the base highs

[Nathan Bancrofft @n_bancrofft]

Daily Review

- Good relative strength in portfolio with all but one closing green with indexes red.
- Highlights importance of tracking relative strength and why I've been hammering home the point of narrowing your focus list
-VRT BE strength along

[Nathan Bancrofft @n_bancrofft]

Markets red and all but one of my positions green.
Good to see

[Nathan Bancrofft @n_bancrofft]

Good strength in the A.I infrastructure/power type theme last week or so.

$VRT (long) $BE (long) $GEV $POWL below

$STRL $ETN $FIX $NCT $PWR etc

[Nathan Bancrofft @n_bancrofft]

Given the fact that I would consider Jay to be one of my biggest mentors that I’ve learnt so much from over the years, I would probably consider this the biggest compliment related to trading that I have ever received.
Thank you Jay 🙏

[Nathan Bancrofft @n_bancrofft]

Only 37% of NASDAQ stock above their 20MA

Pretty easy filter. Don't see much point in focusing on anything below it.

That's the beauty of leaders, not only do they go up the most but they pull back the least as well.

Why I'm always stressing to narrow your focus list.

[Nathan Bancrofft @n_bancrofft]

$HUT (long)

Still acting well and building a nice pivot here. See if it can push out

[Nathan Bancrofft @n_bancrofft]

$VRT (long)

Weekly.

Good to see this showing a bit of strength and getting back above all MA’s. Close to being cut but held the 20WMA that has been support a few times now since the bottom

[Nathan Bancrofft @n_bancrofft]

$DELL (long)

Acting really well last few weeks.

Got massively extended on the earnings gap (bottom indicator) and so far going nicely sideways to work that off.

Would love a few more weeks sideways here to let 10WMA catch up.
Could set a really nice continuation base.

[Nathan Bancrofft @n_bancrofft]

Weekend Review

- Great end to the week.
- SNDK TER BE new all time closing highs.
- Leaders showing themselves and acting well whilst most pull back. Why I'm always stressing the importance of narrowing your focus list as much as possible.

[Nathan Bancrofft @n_bancrofft]

Sometimes they won't be as orderly as you like and present the perfect pivot,

For me as long as they're holding price structure I view it as constructive.

Sometimes those bigger red candles serve their purpose too, shaking out late chasers and making people take them off watch.