Week 44 recap:
Last week for me was the best week in the market so far.
Bitcoin, S&P, Dow, Nasdaq, were all flying like a rocket heading to the moon. All the bears went back inside their own cave and hibernate. This is all because of the election result.
President Trump’s DJT and Elon Musk TSLA stock did print a lot of money for all those who knew how to capitalize this scenario.
Last week’s watchlists were PLTR, SMCI, ARM,ELF, VST, DDOG and NVDA.
I made money in PLTR trade and I could have made more if I had just followed a simple plan called rolling over. That’s something that I need to improve.
Believe it or not, I lost money in TSLA. The culprit : chasing and emotion.
I was trading contracts inside the accumulation in a 1 and 5 minute time frame where the odds are not on my side. I will be better next time. I have to go back to simulation because I have to figure out why my system (trading 0dte contracts) is not working.
I will update this post.
Other than this, I made money in DJT and NVDA stock trades.
Here is our watchlist for this week:
SHOP – Last Friday closed at 87.12. I will trade this to the long side only and if only this stock goes above $90 after earnings. Otherwise, with weak guidance and earnings missed, this will only reject this resistance level and might go back to the mid 80’s.
HD – Last Friday closed at 405.90. I think this stock wants to go higher. Guidance is important here. I am looking for a reclaim of its previous highs at 420 level. I am looking for 420 call contracts. Let’s see.
MARA – Last Friday closed at 19.25. I am going to trade this to the upside. Bitcoin is now at an all time high and everyone is now eyeing the 80k mark. Let’s get some 20 and 21 call strikes here.
OKLO – Last Friday closed at 24.47. I am looking for an 18.00 level retest. I don’t think this company is making money yet. Though this is an AI Sam Altman play, I don’t care. I’m not bullish on this one yet. I will check the 18 strike put contracts on this one.
BABA – Last Friday closed at 94.19. I am bearish at BABA. Though I closed my 90P contracts last Friday at a loss. I will open the position back this coming week. I think the upcoming tariff will affect this stock and that catalyst is enough for me to trade this stock to the downside.
TSLA – Last Friday closed at 321.22. Same play from previous week. Wait for some pullback. We might see that 315 gets revisited again.
NVDA – Last Friday closed at 147.63. Same play from previous week. I want that 150 level to break out. If this breaks out at this level, don’t hesitate to trade this to the upside. I will get some 150 call contracts too.
There are companies that I am not mentioning here and sometimes I post my analysis on my TradingView platform. You can view it for free about my trading ideas and analysis, why am I long or short here at TradingView.
See you next week and let’s keep ourselves better every day.