April 2023
My generalized observation is that traders obsessed with win-rate have emotional inability to accept losses. - Brandt
Having The Right Mindset.⌗
Just simply buy the breakout and sell the losses.
Example US STOCK ($BBW, $FIVE)⌗
Here is an example of what I call "Pivot Leakage." When you are seeing a number of stocks setting up, the very next thing to gauge is the integrity of the bases and volatility contraction characteristics. https://t.co/WoEZexvfuI pic.twitter.com/kX6ITb3VhS
— Mark Minervini (@markminervini) April 10, 2023
Considering the percentage of Nasdaq stocks above their own 200-day and 50-day lines are sub 24% and 31% respectively, a pullback is to be expected. Volatility on the VIX has come down (and that's a good thing), but breakout stocks are still not following though convincingly… pic.twitter.com/UvC55ltTJL
— Mark Minervini (@markminervini) April 10, 2023
Cerita soal Discount the obvious and Betting on the unexpected⌗
inilah yang bikin story/feeling perihal he zig when he should zag? perihal dari 3 setup, kebeli the slowest horse? perihal didiemin ok, diomongin jadi telur pecah?
Discount the obvious, betting on the unexpected. Masi jauh bgt on the other side dari fiscl.
Cerita soal familiarisasi dengan down bar di “normal” correction.⌗
Missed Trade⌗
It still gap within my buy point, which +4% from yesterday close.
I think I should outright buy it with reduced size.
I missed quite a lot of trades in April 2023, though the setups are questionable.
Always, on regular basis, consults with my model book.