Constantin Olk @Coolcontribution: "𝘾𝙒𝟭𝟳 𝙛𝙖𝙘𝙩𝙨: 𝙧𝙚𝙖𝙡𝙞𝙯𝙚𝙙 𝙧𝙚𝙩𝙪𝙧𝙣𝙨: +𝟬.𝟯𝟴% 𝙪𝙣𝙧𝙚𝙖𝙡𝙞𝙯𝙚𝙙 𝙧𝙚𝙩𝙪𝙧𝙣𝙨..."

Germany

𝘾𝙒𝟭𝟳 𝙛𝙖𝙘𝙩𝙨: 𝙧𝙚𝙖𝙡𝙞𝙯𝙚𝙙 𝙧𝙚𝙩𝙪𝙧𝙣𝙨: +𝟬.𝟯𝟴% 𝙪𝙣𝙧𝙚𝙖𝙡𝙞𝙯𝙚𝙙 𝙧𝙚𝙩𝙪𝙧𝙣𝙨 -𝟬.𝟮𝟲% 𝙩𝙤𝙩𝙖𝙡: +𝟬.𝟭𝟮% 𝘿𝙚𝙖𝙧 𝙁𝙤𝙡𝙡𝙤𝙬𝙚𝙧𝙨, 𝘾𝙤𝙥𝙞𝙚𝙧𝙨 𝙖𝙣𝙙 𝙣𝙚𝙬 𝘾𝙤𝙥𝙞𝙚𝙧𝙨, Is the bear market over and we can all go back to being long? I say no. The bear market is over when the downtrend is over. When we see higher lows and higher highs. Or - in a less spectacular scenario - when we see sideways movements taking shape. Neither is the case. That is why I continue to trade only in assets that are stronger than the market and are confirming their breakouts on the basis of daily closing prices. Specifically, this means: I closed our $TRN.MI (Terna SPA) trade last week with a profit of +5.45%. On Tuesday, the price had built a strong bullish candle above the breakout confirmation level. The next day we saw a strong pullback which I did not like at all. I adjusted the stop-loss below Tuesday's candle with the logic "if the pullback erases all of the previous days' gains: I will be out". This was the case and we closed the trade at a profit. $DLTR (Dollar Tree Inc) is a new trade in my portfolio. Prices broke above resistance at 79 and found confirmation on a daily close on Tuesday. I opened the trade on the same day, so it is a bit early to comment. Prices are close to the opening price. The stop loss is at the support level of the last low. I am bullish on DLTR. I opened $GRPN (Groupon Inc) early. Above resistance and right on the resistance confirmation. Normally I like to see prices well above the confirmation levels. Here it was very close and I decided to split the trade volume into two trades. One with a tighter stop loss and one with a wider stop loss. The total risk for both trades together is 1% of my overall portfolio - as with most trades. I split it into two trades to respect the opening of the trade so close to the confirmation levels. The trade with the tighter SL promises higher profitability but will be stopped out sooner. The trade with the wider SL respects the market volatility and has the SL at a technically interesting recent low. Both trades allow me to react to different price movements in separate trades. This week I started a new long trade in $SOL.ASX (Washington H. Soul Pattinson and Company Limited) . I opened the trade a few minutes before the Australian close. I will comment on this trade when we have more meat on the bone for it, after the first few days of trading are over and prices show movement. I wish you a good trading week ahead. Please stay sensible in this volatile period. BR Constantin

4 Mentioned

TRN.MI

Terna SPA

DLTR

Dollar Tree Inc

GRPN

Groupon Inc

SOL.ASX

Washington H. Soul Pattinson and Company Limited

Strictly Necessary Cookies

Performance Cookies

Functional Cookies

Targeting Cookies