I’m curious how other breakout/momentum traders are navigating this market. Some of my recent trades:
RKLB: Took some profit at 92, but got stopped out on the remainder at the 10 MA. Not much profit.
https://preview.redd.it/rumkcan5p8yg1.png?width=1814&format=png&auto=webp&s=78d8a3b48443bfe07cc2b1829cb4fd8a91890ca3
IREN: Stopped out at breakeven point at 50.
https://preview.redd.it/4yerjoe8p8yg1.png?width=1814&format=png&auto=webp&s=848f86c6fada318de7aade3915165b451020a7e2
CRWV: Got stopped out.
https://preview.redd.it/9duyecd2p8yg1.png?width=1814&format=png&auto=webp&s=d10a204494ba6bda492c9ec8ef43ac47a77cd91b
MU: My only winner, but if you look at the rest of the memory sector (SNDK, STX, WDC), it’s barely even a win.
https://preview.redd.it/l8xrdj5fp8yg1.png?width=1814&format=png&auto=webp&s=e48bb9df6bbf9207e2230daf314c9d39393dc4c6
I’ve noticed that recent moves all feel very choppy (AAOI, VIAV, or NOK). Because of this, I tried switching strategies to buy into the lower range of consolidation box (LITE, NBIS), but I eventually got stopped out.
https://preview.redd.it/ox5b4otzp8yg1.png?width=1814&format=png&auto=webp&s=e4cb546aba52df5491314a206a4b6f4bab128b22
https://preview.redd.it/v38lrhj2q8yg1.png?width=1814&format=png&auto=webp&s=395f10a672cffe01c25a2d3c5405d640120c7296
It seems like all the best movers right now run without any real consolidation. Take MRVL and AMD for example.
https://preview.redd.it/r7pz7r57q8yg1.png?width=1814&format=png&auto=webp&s=38ae337f3dbd937d1c2349903f54a0d8ba98a1c8
https://preview.redd.it/prg06t4oq8yg1.png?width=1814&format=png&auto=webp&s=f0dd08e6e5b39c00e75bfe0c5cb8ad90679b29e0
I’ve also missed out on some big winners like ARM, NVDA, LWLG, and ON. The entry window was basically just the first 5 to15 minutes of the market open, and I only spotted them after they had already broken out. This is more of my mistakes but it's really difficult to follow so many stocks when the window is so short. ARM and LWLG didn't show up in my screener at the time due to relative strength(RS>90) and volume liquidity(volume\*price>100M) filters, respectively.
https://preview.redd.it/plrh5nprq8yg1.png?width=1814&format=png&auto=webp&s=3105bf083c04c3abf5a2bf2cc955ad7b7e1e7ebd
https://preview.redd.it/cee7fxgvq8yg1.png?width=1814&format=png&auto=webp&s=9b988d1c753e9185b0d1be2e719760be6b6ceb96
https://preview.redd.it/fqybyw3zq8yg1.png?width=1815&format=png&auto=webp&s=5b09397c0ecb2b6e49dc27676b8ddbf064d57ab0
https://preview.redd.it/w2v2fji1r8yg1.png?width=1814&format=png&auto=webp&s=3cd74f2c4f5ade177daab04b3cf70c4d52ac9535
For others, they gapped up, and I just didn't have the conviction to chase them (INTC, GEV, BE).
https://preview.redd.it/x65hnuecq8yg1.png?width=1814&format=png&auto=webp&s=518f357904223637e07e5bb131e5517831979c1e
https://preview.redd.it/9y95h93cr8yg1.png?width=1814&format=png&auto=webp&s=c87bbf9927247c8c8ce7e64b1f301967bf217ff9
https://preview.redd.it/ftv2q1ler8yg1.png?width=1814&format=png&auto=webp&s=018398604aefb78b3f0764b9ce997848fb28d15f
To be honest, I’m frustrated. Everyone says, "be patient and wait for the best setups and the best market condition", but I can't tell if this is a skill issue on my part, or if the current market condition just hasn't been suitable for us.
How are you guys trading lately? What’s your performance looking like?