Wednesday, April 20, 2022

Twitter - Secrets Revealed on How Elon Musk Accumulated

It was a good evening yesterday as I conducted a private sharing session where I shared more on Twitter and the recent trades on why and how I took a trade on this stock. Many turned up while I continued to revealed my step by step process on how I observed the accumulation phase when Elon Musk first took a 9.2% stake on this stock and how I traded 13 times in/out and at the final blow sold at the best possible price at the top. I studied the whole accumulation phase in the daily chart where there were so much obvious signs that accumulation took place.

From the strong cob to those smaller weak selling, it was all tell tale signs that something big was going to happen and true enough, news broke out soon where Elon Musk took a 9.2% stake where prices shot up high where sellers were selling and buyers were taking profits. As of today, the stock is left hanging without a proper direction which was exactly what I expected and wanted it to happen because all these predictions were shared last evening before it happened when market opened for trading. 

The Nasdaq was very bullish yesterday and shot up high while Twitter couldn't move at all. It's one of the worst performer yesterday without much buying taking place. Buyers were fret and unsure what's the next step and all are waiting for more updates and news on accepting the latest takeover bid from Elon Musk. The Nasdaq 5 minute chart has more signs that Twitter was weak at the moment when Nasdaq broke the wall while Twitter just lost it's buying strength. Soon, Nasdaq formed a 3/4 top and started to broke down with 1 bar because of Netflix bad earnings and losing of subscribers. Tonight is going to be interesting as I am not sure if this Netflix bad earnings will have a spill effect to the overall tech stocks. Let's see.

Ronnard - Market Psychologist - A Stock Market Opportunist

Monday, April 18, 2022

Twitter - The Bullish Setup First Then Fear

Over the weekend, I had some quality time to study and analyze the Twitter chart again should I decide to trade this stock again. Look at the daily chart, there was so much strong signals at the bottom around the $35-$37 range where I think Elon Musk was accumulating it quietly. However, there was a strong COB soon which might have alerted big time traders to take a look at the stock where major buyers could be accumulating soon. Soon, Twitter was followed by waves of weak selling before finally, the stock slowly creep upwards without much strong buying and suddenly there was a huge news with a gap up where Elon Musk announced his 9.2% stake in Twitter.

The next day, the euphoria continues as more traders piled up their long positions while others were trading the call options, expecting more progression to the upside. If you study the 5 minute chart closely, at the 2nd day of the upmove, there was a serious wave of hidden selling where sellers were unloading on rising prices of the stock where buyers continued to push prices higher. Smart money were indeed selling and taking $$ off the table as prices started to declined in the next few days. See the 5 minute chart and you shall noticed 3 waves of profit taking which was so detrimental to the stock. which one may wonder is Elon still inside the stock?

The fear started to mount and that's where Twitter prices continue to exude weakness of a very bullish day in the Nasdaq. The whole market was a buying spree while Twitter just lacked of the strength to move forward. Closing wasn't strong on Wednesday night and then the unthinkable happened the next day on Thursday where Elon Musk offered a hostile take over on Thursday even pre-market where prices gap up again for one to sell, NOT buy! Market opened, Twitter then started to fall and inch by inch, it closed near day low at $45.08. A bullish setup turned fearful as more stakeholders opposed the take over and more negative news on the whole saga which continues to drive the story forward for more price swings. Let's see what's going to happen next when it starts trading today. :)

Ronnard - Market Psychologist - A Stock Market Opportunist

Saturday, April 16, 2022

Twitter - Trading the Elon Musk Wave and Made $125,456 USD in 2 Days

Login and checked my account books and just saw that I reaped off $126,456 USD from the Twitter trade in 2 nights. It's extremely exhilarating inside the trade while at the same time, there was that great amount of pressure and tension which comes with it. Nevertheless, still manage to get the job done with great precision. While the Top 30 Volume is flashing at pre-market, I was already getting ready to sell and take profits and when market opened, you can see from the Top 30, Twitter suffered selling after wave of selling that it couldn't sustain that scared the hell out of the buyers. I think they key in this trade is to know that pre-market pricing is equally as important as the actual cash opening prices due to the fact that the news was released and sellers were already pricing in the news to sell. I had done such trading for many years and hopefully, I can catch another trend like this which gives great profits in a short amount of time.

Ronnard - Market Psychologist - A Stock Market Opportunist

Friday, April 15, 2022

Twitter - How I Buy Before Elon Musk Hostile Take Over ?

Elon Musk announced that he offered to take over Twitter at $54.20 worth $43 billion yesterday and it created major headlines in the media that sent the stock prices up to $52.70 at one point in the pre market which I thought it was very wise to sell. The sad part was it was 6.30pm here in Asia while the market wasn't opened yet but I still believe it's a time to sell nevertheless when the pre market opened at 7.00pm and that's what I decisively did between 7:11pm - 7:16pm, secretly unloading all my Twitter 30,000 shares to lock in great profits. Unfortunately, the prices had flipped and trended lower to the $50.70-$50.90 range where $52.70 wasn't possible anymore. Well, I have to qualms over making lesser profits as the most important thing is still doing what my experience tells me to do and that's to sell everything and don't touch this stock anymore regardless of what Elon Musk is going to do next. 

What sets me apart from other traders/investors and made me happy was not the $102,000 USD profits made in 2 contra days in Twitter but rather most people couldn't and wouldn't sell at $50.80 at the premarket while I believed it was the right thing to do because back in my head, I already knew that when market opened at 9.30pm, it might not be possible anymore. True enough, as of closing at 4am, exactly to my prediction, the highest Twitter touch was only $48.50, two dollars shy off my sell price, which would have short changed $60,000 USD from my profits. I wouldn't call this lucky, but wisdom and many experiences guided me to sell and lock in profits.

Now comes the holy secret. So what prompted me to buy Twitter shares on Tuesday 12th April was the obvious signal that was flashing in the 15 minute chart. The hidden buying, that long accumulation zone and most importantly followed by that weak selling was key pointers for this particular trade to buy before Elon Musk official takeover news that was released 2 days later after my purchased. If you studied my trades, I in fact traded in/out 13 times before deciding that my last bulk of purchase would be to hold it overnight and swing the position. As for why I traded in/out 13 times, there was a purpose to it and that's to catch the best possible lowest prices and the best turning point using lower time frame charts so that my cut loss would be very tight should anything happens and at the same time I could first make some small punting profits. 

What I taught in my course and what I wrote in my SOMM manual all materialized in this Twitter trade where I would say it's an open text book answer as everything is very straight forward from start to finish in terms of predicting prices move before it actually happens. Did I know Elon Musk is going to offer a takeover in Twitter? I don't know but based on how the chart was setup and orchestrated, the possibility was 78% and hence I traded almost $1,500,000 USD down confidently on this stock to attest my prowess in my chart reading skills. 11% in 2 days is the best testament of my conviction and the strategies I taught in my class and the manuals I sold. 

Ronnard - Market Psychologist - A Stock Market Opportunist

Tuesday, April 12, 2022

Red Hot Inflation with Market Crashing - Traded $7,108,000 USD

Tough market last evening as the market did a small reversal in the 5 minute chart and then everything started to collapsed gradually. Almost all the tech stocks declined heavily while nothing really seemed interesting to trade. Well, I still managed to find one stock for trading and it served me so far so good with great profits but with so much uncertainty, I would rather finish all my punts intraday and not let profits eroded. It's super challenging to trade in such environments but I will find ways to get the job done because I am extremely driven to make $$ but I guessed the more important thing is not to make silly mistakes while patiently waiting for the signal arrive before taking a trade is the key. Total traded $7,108,000 USD last evening and continue to work my way up only at the right turning point.

Ronnard - Market Psychologist - A Stock Market Opportunist