Thread by @RealSimpleAriel

A thread of some finished and open trades since the April low with thoughts and charts.

Some good, some bad and some ugly

Hopefully this is a good visual for some traders to not repeat the same mistakes I made.

Feel free to reshare this with others if you find it helpful🧵

$CRWD was one of the first names I noticed who put in a strong double bottom on 4/7 and it was something I was noticing amongst today's current leaders in the market. $NFLX $HOOD $PLTR $TSLA etc. They all had issues breaking much lower than the March low. I was trying to buy it as it was breaking back above the 50sma and still a touch early with my buy. Bought on April 15th and sold the next day on a break of prior day low.

$SPOT Bought on the same day as $CRWD with the same sort of thinking. Double bottom acting great, let's see if I can start to gain some traction on the long side. I opened it on the same day as $CRWD and got the same result. ie: everything was market correlated. I could have gotten involved a little slower in the market with one name at a time.

$NFLX bought on 4/22 was a very similar setup to the two mentioned above but when I came it to buy it, the market just had a nasty breadth day and $NFLX held in very well the day prior for earnings. $NFLX was already a name I was watching as early as $854 as an Undercut and rally setup. So, I knew I wanted to own this one and which I still own today!

$PLTR opened on 4/23. After gaining some traction the day prior on $NFLX I knew to keep trying to get involved on the long side using progressive exposure. $PLTR had a subtle gap up in the morning and trying to break a flat pivot at $100. The ugly part about this one, I didn't trail the 20sma even on my small shares. I closed the final portion of my shares on the earnings gap down. 🤮 The voice of Qullamaggie haunts me right now. "Trail the 10 and the 20... trail the 10 and the 20"

By the time I bought $UBER on 4/24 as a 50sma MAU&R. I was already working with some traction and unrealized gains. The market had given us a follow through day, and it was just a matter of finding myself in names I felt were leadership. I did the best to trail this one as long as I could. I tried to add back smaller pieces twice and it cost me some of gains but overall happy with how I handled $UBER. closed on 5/29 when we lost the 20sma

$CRWD on 4/24 similar to $UBER. I was already working with traction, and it was a name I knew I wanted to own. Truthfully, I did a poor job managing this one. Not only did I try adding to my trimmed and winning position, but because I added I ended up giving up some gains and then unable to sit with it because I thought it was a failed breakout on 5/21. It never closed below the 20sma and my impatience got the best of me.

$HOOD I tried it twice and I KNEW this one was going to be a leader, but I just butchered myself and never got myself back in over $51.30 despite that being the earnings high level to try it at. My first buy on 4/30 in after hours on earnings. I just widened my stop too much; it wasn't that I had too much size. my second buy on $HOOD was 5/7 and I just kept my stop too tight the second time around resulting in a -14k loss and professionally bottom ticking my trade. The comedy behind saying "NOT GETTING LEFT BEHIND" was I got left behind 😅

$BABA very strait forward flag breakout. An uncomfortably gappy name so I just cut it early on 5/7 when it broke back below the 50sma.

$TSLA bought on 5/9 as we broke back above the 200sma. With the number of times I mentioned this on the nightly watchlist, there was a 0% chance I was missing that breakout. My first trims came on 5/28 and now it's a free trade to trail on the 20sma and hopefully 50sma soon. Will add back if I see a proper daily setup.

$TMDX $TOST both also bought on 5/9 two earnings gappers bought and still holding them today. Both are trimmed and being trailed

$CLS bought on 5/12 just over $100 with my stop at LOD. Kinda got lucky the next day with how strong it was. Don't want to rely on luck to make money but every now and then being in the right place in the right market, these sorts of things can happen. I feel like I can hear Qullamaggie whispering "10 and the 20... 10 and the 20" I closed the rest of this one on Friday only to see it bounce strongly end of day.

$KGC bought this on 5/15 over prior day high with the idea of using the 50sma as my trialing stop. This is actually the best way i have found to buy any commodity names, off of the ascending moving averages. I am trimmed a third on 5/23 and still sitting on shares.

$MSTR I tried as a long twice, against my better judgement but took my losses quickly. Tried it on 5/20 and again on the 21st.

$XPEV looked like it was trying to do something special on 5/22 with the big pickup in volume only to fail the next day. Not upset that I watched healthy unrealized gains come back on me. That just comes with the territory of being a swing trader. Proud that I cut it quickly

$CRWV short bias trade on 5/27. Was looking for a washout to the 5sma which happened but then held onto some token shares which were stopped out near breakeven. Never shorted $CRWV again on Thursday which gave a clean entry 125s on the short side.

A few recent shorts that didn't get moving $OKLO $QBTS $RGTI.

I tried $SNOW as a High volume close (HVC) setup over 203s but the trade never materialized and it's likely due to the market still needing to consolidate some of the recent massive gains we have seen.

$DASH bought on 5/28 I personally didn't love the wedging action up to $210 but I felt that if I kept my position sizing small, I would be able to hold a pullback. I still ended up chopping myself out on this one. A name I believe to be worth watching and happy to rebuy it again.

I shorted $SMR twice on 5/28 and then adds on 5/29 under prior day low. Covered half of my position on Friday which will hopefully allow me to ride this one quite a bit lower.

$RGTI another one that I took short on 5/28. I had felt the speculative names had gone up a little too far too fast. This was a small little headache overnight but overall, a strait forward trade

There is some good, bad, and ugly to study here. My hope is that newer traders see the power in keeping tight risk management and allowing winners to work. Aligning your buys in a healthy market is part of the secret to success. If you found this thread helpful, please reshare with others.