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Week of 4/29/24

Trades

Date
Profit
Win Rate
PL Score**
Avg. Position Time
Trade Volume
Long
Short
4/29
βœ…Β Overall gain
100%
1.0
6.28
3
- NVDA β†’ $1.22/share gain - SOFI β†’ $0.00/share gain - SOXL β†’ $0.17/share gain
N/A
4/30
βœ…Β Overall gain
100%
1.0
3.02
4
- SOXS β†’ $0.06/share gain
- NVDA β†’ $0.21/share gain - INTC β†’ $0.08/share gain - TSLA β†’ $0.36/share gain
5/1
❌ Overall loss
50%
0.74
1.69
10
- NVDA β†’ $0.86/share loss - SOXL β†’ $0.06/share loss - SOXS β†’ $0.00/share gain
N/A
5/2
βœ…Β Overall gain
67%
1.54
3.02
6
- NVDA β†’ $2.91/share loss - SOXS β†’ $0.02/share gain
N/A
5/3
❌ Overall loss
60%
0.37
1.89
10
- NVDA β†’ $1.38/share loss - SOXL β†’ $0.01/share gain - SOXS β†’ $0.04/share loss
- TSLA β†’ $0.09/share gain

** This is taking the average profit per trade relative to the average loss. So a $5K profit and a $5K loss is a 1.0 score. A $5K profit and a $2.5K loss is a 2.0 score and a $2.5K profit and a $5K loss is a 0.5 score.

Weekly Goal

My goal for this week is:

  • Account for the ATR when placing your stop losses β€” give your stocks room to breathe
  • Don’t enter hasty trades looking for a quick exit

Junto Pre-Trading Checklist

These are values ONLY accounted for BEFORE the trading session begins.

Date
Exercise
Nutrition
Pre-Market Analysis
Mental Simulations
Meditation
4/29
Day off β€” rest
Water
5 min
N/A
N/A
4/30
62 min
Protein Shake
3 min
N/A
N/A
5/1
52 min
Egg Sandwich Protein Shake
2 min
N/A
N/A
5/2
Day off β€” rest
N/A
2 min
N/A
N/A
5/3
54 min
Egg Sandwich
5 min
N/A
N/A

Economic Calendar

N/A

Market Hypotheses

4/27 | SPY long past $409

Reason

In the past 3 months, there were two key points of support/resistance that the SPY has shown to improve against. At those points, it appears that the market was bullish enough to treat them as points of support.

image

βœ…Β Result

Sector Hypotheses

N/A

Trade Hypotheses

4/27 | NVDA long past $884

Reason

Aside from having tested the $882 - $884 range several times, it appears that the downward spike due to China’s sanctions have begun to rebound. The markets have wisened up to the fact that the speed of AI will stop for no one. There are also some fundamental reasons why this will be inherently bullish:

  • NVDA operates at a 72.72% gross profit margin
  • NVDA’s EBIT margins are at 54.12% which towers over the sector median of 4.88%
image

βœ…Β Result

Trade Studies