Easiest day in the Nasdaq last evening as the market just kept riding higher and higher with many blue chip stocks charging up like steroids. Traded 4 times and got out with some great profits but I believe I could have done better because some stocks just shot up the roof with superb % returns. The market is currently at the supply zone while some underlying stocks are still in the demand zone. In this instance, it pays wise to just short term trade and not hold for too long because anything can happen should it tank with wave of sellers. Looking to the next trade to thread the needle but I have to be extremely careful now because I can see that the demand of buyers could dry up anytime soon.
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, December 19, 2023
Nasdaq 100 - Why I Need to Be Super Alert From Now On?
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