German Stocks: Red-Hot Buys!🔥
How’s your week shaping up?
We hope you’re finding some time to enjoy the journey while honing your trading skills.
Remember Lao Tzu’s wise words: “Let your workings remain a mystery. Just show people your results.”
It’s all about progress, and every step we take brings us closer to those big wins!
Speaking of big wins, there’s some exciting news making waves in the market. Carson Block is advising us to focus on US stocks rather than China.
Is this advice worth considering—what do you think?
Stick around for valuable insights in the next section.
We’re all in this trading journey together, and we can’t wait to see what we achieve next!
🚨 “Buy US Stocks, Not China” Carson Block Advises
From exposing overvalued companies to advocating for a "buy-and-hold" strategy in the US market. Is this advice worth following, especially considering his continued bullishness on Vietnam?
🚍 S&P 500 Rises to New Heights as Tesla Earnings Loom
The S&P 500 has reached a new all-time high, marking its sixth consecutive week of gains. The positive momentum is fueled by strong earnings reports from major corporations, including Netflix and Apple. Investors keep eyes on Tesla Robotaxi performance.
↕️ Asian Markets Mixed Following Wall Street's Record Close
While the U.S. continued its winning streak, concerns over China's economic stimulus and geopolitical tensions weighed on Asian sentiment. The Hang Seng Index declined, while mainland Chinese markets showed modest gains.
🇩🇪 The German Stock Market May be An Untapped Goldmine
Despite Germany’s current economic challenges, its stock market has defied expectations. The DAX index has surged, offering investors a unique opportunity to diversify their portfolios and potentially reap significant returns.
🏦🗽 Bank of America Backs These 2 Biotech Stocks for Massive Growth
Looking for high-growth investments? Bank of America has identified two biotech stocks with potential gains of up to 390%. These companies are developing innovative cancer treatments and have received strong support from analysts.
🌱📈 Can Chinese Stocks Make a Comeback?
Will stimulus fuel a sustained rally, or will it crash and burn? Investors are divided as the market faces uncertainty over stimulus, consumer confidence, and the property sector. See a well-detailed technical analysis of the subject in this article.
Keltner Channel
Keltner Channels are a technical analysis tool used to measure volatility and identify potential trend reversals.
They are composed of three lines: a middle line (typically the 20-day Simple Moving Average) and two outer bands (calculated by adding and subtracting a multiple of the Average True Range (ATR) to the middle line).
What to Look For:
- Channel Width: The width of the Keltner Channels indicates volatility. A wider channel suggests higher volatility, while a narrower channel suggests lower volatility.
- Breakouts: When the price breaks above the upper band or below the lower band, it can signal a potential trend reversal.
- Mean Reversion: Prices may tend to revert back to the middle line after reaching the upper or lower band.
Today's top stock pick is CleanSpark (CLSK).
On the H4 chart, it's currently testing the 200MA resistance level.
It's also at a resistance zone, and the TAD indicator is showing a red arrow.
Plus, the RSI has crossed over, signaling a potential downtrend.
I'm taking a short position at $12.23 with a Stop Loss (SL) at $13.60 and Take Profit (TP) at $10.43.
This is a swing trade, so it may take 1-2 weeks to reach our target price.
This is a swing trade so expect a period of 1-2 weeks to see the price moving to our designated price.
Lessons from Jesse Livermore
When it comes to trading, few stories are as wild and inspiring as Jesse Livermore’s.
Imagine this: a 14-year-old boy with no financial background begins watching stock prices at a brokerage and sees patterns no one else does.
No charts, no fancy analysis—just raw intuition. He turned $5 into $1,000 by age 15.
To a layman, that sounds like magic, right?
Not quite. Livermore’s success wasn’t just luck or genius—it was relentless observation and dedication to price action.
He watched the markets day in, day out. Every movement told him a story. His first lesson: learn to read price behavior.
It’s the foundation for spotting those golden opportunities, whether you're riding a breakout or preparing for a trend reversal. 🧐
Livermore’s life was full of ups and downs. Even though he lost a lot of money many times, he never gave up.
This guy didn’t just bounce back—he launched back.
He even turned the 1929 market crash into a $100 million win (which would be billions today!). 🚀
Now that’s what I call riding the big waves.
But how? One word: patience. He wasn’t trading every day just for the thrill of it.
Livermore waited for the best opportunities, like a hawk watching its prey. He wasn’t tempted by small moves.
He went for the big swings—the ones that could turn his portfolio into gold.
And that’s where the real lesson lies: in trading, it’s not about quantity, it’s about quality. ⚖️
So, whether you're facing a tough market today or waiting for that perfect setup, remember Livermore’s wisdom: watch the markets closely, learn from your mistakes, and wait for the big opportunities.
Stay focused, stay resilient—and when the moment comes, be ready to pounce! 🦅
Play The RIGHT card
Ever find yourself in a trade, feeling like everything’s slipping away?
One minute you're confident, the next, it feels like the market is out to get you.
Frustrating, right?
Even the most successful traders like Jesse Livermore have faced these challenges.
The key is knowing how to play the RIGHT card when the pressure mounts.
Livermore understood that thriving in trading required staying calm when the going gets tough.
That’s why it’s so important l to have a strategy like the 10% A Day System, which can help you regain control and confidence.
Just think about how much easier trading could be when you have a reliable approach that maximizes your chances of success!
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