The Nasdaq's price action was so tricky last evening. It went up first and then swung all the way down the whole night. The process of price running up was a fake breakout because it was so steep and furious that buyers got caught in chasing higher prices to only realized that it tumbled all the way down. Tesla, Nvdia, Google, Meta and all major big tech experienced major selling across the board because traders were all looking to take profits in the recent rally. Me myself as usual, trade $7.664,421 USD down the market with confidence because I bought way before the fake breakout and sold near peak. It's getting tougher and it's time to maybe take a break?
Disclaimer: The purpose of this blog is not intended to induce or promote any insider trading or manipulation activity. This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the public internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.
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Tuesday, June 27, 2023
Nasdaq 100 - Broken Line of Defense, Traded $7,664,421 USD
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Saturday, June 24, 2023
Nasdaq 100 - The Toughest Market, It Crashed?
It was one of the toughest and harshness market last evening as the market gap down, recovered with extreme choppiness before selling down again. It's one of the worst market condition to trade and still I managed to outperformed and made $$ out of it. It takes a lot of experience and confidence to trade on a down trending market while one small mistake might just wiped out all of efforts of work. The market looked like it was about to crash and it did so the last 45 minutes before market was about to close. 10 minutes before market closed, there was a long breakout to the top before it gap down big time which caused the market to sell down lower. Traded $7,281,000 USD down the market in this extreme tough condition only solidify my mental strength and technical skills. I am so looking forward to next week's market.
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Friday, June 23, 2023
Nasdaq 100 - A Dead Cat Bounce?
The Nasdaq just experienced a rebound yesterday with superb run up. Is this rally a dead cat bounce or the start of the another rally to come? That 5 min chart accumulation looks unreal but it rebounded anyway while the overall market sentiment is still pretty soberish due to the continuation of the rates increase from the Fed. Another trade in the books as I sold some shares during the rally last evening. Many stocks were indeed going red instead of turning green. Only the big blue chips were green while the rest were pretty mix. I guess any traders haven't got a chance to digest the interest rates and the inflation data readings yet. Well, I am looking forward to my next trade.
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Thursday, June 22, 2023
Fed Plans to Continue Interest Rates - Market Spooked and Tanked
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Tuesday, June 20, 2023
Stock Market Update - Sold Stocks Last Week, Market Tumbled this week
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Saturday, June 10, 2023
Nasdaq 100 - Is it a Bull Market ?
It's an easy week as the Nasdaq enters a bullish territory and phased out the last year's bear market. The market had been just going all the way up except for like Thursday night where there was a major profit taking which took place which caused a major sell down. Sold all my Nasdaq stocks last evening as the market hit the peak price with so much sellers unloading at the top as highlighted in the 5 minute chart. The Nasdaq has risen for seven straight weeks while the S&P 500 is at its highest levels since August 2022. Stocks were performing at all angles while of course some laggards are just playing catch up games.
My trading volume has been pilling up like crazy as more millions of $$ down the market while bigger trades were executed effortlessly. I am just so wary about sellers showing hands at the supply zone as normally they do unknowingly without the buyers notice. Managed to still make profits and no wastage of trading opportunities when it presented in its clearest form.
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Thursday, June 8, 2023
Nasdaq 100 - The Final Blow
Market was really treacherous last evening. From the fake green long green candle at the top to the
final wash down and sell down to all tech stocks after such a great rally, the Nasdaq did not spare any bulls and killed all the hype. Most active stocks were mostly red in the Nasdaq while I was trading in $3.9m worth of stocks. Everything was over valued and it's only wise that profit taking occurs. Looking towards my next profit target soon.
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Wednesday, June 7, 2023
Nasdaq 100 - Trading in Millions and Sharing of Ron K Stock Trades and Tips
Another event sharing my stock tips and trades with my guys in a cafe. The Nasdaq is currently in a tight range and most stocks are trading very tightly within a small range but all the stocks I shared and gave, they flew up instead. The guys were stunned by my accuracy while I continued to perform at the highest standard with millions of $$ traded just this month alone. It's only July 7th and my personal trades were pilling up like crazy.
Another crazy trade last night and another great win because I saw some great washing on individual stocks which exhibited it. Winning is so additive and it makes you want more of it everyday. To have winning is to first give yourself no excuse and work countless hour on your craft to constantly produce results. Always looking forward to the next trade because its unknown what's going to happen but yet exciting.
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