We closed the month with 7.55% gains.
Let's review our biggest winners & losers of July in this post
Hello Everyone,
Here's a detailed post of our trading performance in July . We will also go through all the good & bad trades that we did last month.
Little context of the market as we came into July ->
We saw a V shape recovery in the markets off March/April crash lows. We kicked off July with range bound action in S & P 500 index as Nasdaq was on the verge of making new all time highs.
Here's a detailed post of our trading performance in July . We will also go through all the good & bad trades that we did last month.
Little context of the market as we came into July ->
We saw a V shape recovery in the markets off March/April crash lows. We kicked off July with range bound action in S & P 500 index as Nasdaq was on the verge of making new all time highs.
TradeJournal for July -> +7.55%
This was easily our best month this year. Biggest winners of the month came in the first two weeks & last week of July. We managed to limit losses & remained consistent achieving more than 75% Win rate.
One noticeable change we did was to take profits proactively when the market was rangebound / choppy, This helped to stop losing out on green trades
This was easily our best month this year. Biggest winners of the month came in the first two weeks & last week of July. We managed to limit losses & remained consistent achieving more than 75% Win rate.
One noticeable change we did was to take profits proactively when the market was rangebound / choppy, This helped to stop losing out on green trades
Lets take a look at all 36 trades that we did in July:
Biggest Winners :
TDOC +5%
QLD +7%
SHOP +6%
FOUR +5%
TDOC +5%
QLD +7%
SHOP +6%
FOUR +5%
Biggest Losers :
LEN -2.5%
FTNT -4.8%
LEN -2.5%
FTNT -4.8%
TDOC -> 5% winner.
Strong Tele Health sector momentum due to Covid-19 propelled this stock higher as it broke out into new all time highs. Good market helped as well.
Strong Tele Health sector momentum due to Covid-19 propelled this stock higher as it broke out into new all time highs. Good market helped as well.
QLD -> 7% winner.
This was a textbook buy the dip & breakout trade as Nasdaq lifted off over Feb highs into new all time high territory.
This was a textbook buy the dip & breakout trade as Nasdaq lifted off over Feb highs into new all time high territory.
SHOP -> 6% winner.
This was a flag breakout trade as SHOP trended higher into new all time high territory
This was a flag breakout trade as SHOP trended higher into new all time high territory
FOUR -> 5% winner.
Reversal trade as it formed a hammer & bounced off of trend line. Took profits off as the Stock was moving in a big choppy range.
Reversal trade as it formed a hammer & bounced off of trend line. Took profits off as the Stock was moving in a big choppy range.
FTNT -> 4.8% loser
Took this trade after stock showed signs of reversal after breaking down below 50SMA on heavy volume. As there was no clear setup , this should have been skipped
Took this trade after stock showed signs of reversal after breaking down below 50SMA on heavy volume. As there was no clear setup , this should have been skipped
LEN -> -2.5% loser
We were caught in a false breakout attempt as the stock failed to breakout & reversed lower sharply into close
We were caught in a false breakout attempt as the stock failed to breakout & reversed lower sharply into close
See you in the streams!!
TraderAmogh
TraderAmogh
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Your use of this website or information provided in this website, newsletters, or trade setups constitutes your informed consent and agreement with the terms of this Disclosure and any Terms of Service, Terms and Conditions, and Privacy Policies. If you do not agree to be bound by these terms, you must immediately cease using this website or any information provided in the website, Twitter, Discord, newsletter, or trade setups.
Any information contained in this website, newsletter(s), or trade setups is the personal and subjective view of Positive Trends Research LLC and given solely for informational and educational purposes and we do not intend, nor should you rely on it, as specific advice, or recommendations for any investment decisions. The only purpose of information provided in this website, newsletter, or trade setups is for general education about the financial industry.
We are NOT registered with the US Securities and Exchange Commission (“SEC”) or any state securities regulatory authority as a securities broker-dealer or investment adviser. We are not licensed to give investment advice. We do not give investment advice in any manner.
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