“If you personalize losses, you can’t trade.”

— Bruce Kovner

TODAY IS THE LASTDAY TO MY BIRTHDAY 50% DISCOUNT TO MY DISCORD COMMUNITY.MORE INFORMATION ;https://www.launchpass.com/true-market-leader-group/tmlvip

The last week we observed the nasdaq trade up and below the short term moving average (10 and 21).as i have said lastweek i dont see upside move anytime soon,we can expect to have sideway move before the uptrend resume.

Something i suggest doing currently is taking small bets and always protect your capital until we get a favorable environment to trade.

The heavy-weighted index traded below the 21-moving average almost the whole week.if we can get the rebound along the 50-moving average it can be good but from the graph below we can see there is more volume red skyscrapers than blue skyscrapers which means the bears are still in control of the index.

The thing that i expect the most is more sideway move the leaders cotninue to build the bases.

$AVGO: There somthing i love about this stock is respecting the 50-moving average everytime it touch it,Now it has made 7 weeks consolidation,i will buy this stock when it breakout from this consolidation (at $1438),

Inspite of having negative future negative earnings expectations the company has good sales and Return on the equity (79%).

$DDOG: The stock has made 9 weeks flat base while the volume is drying which is good sign (accumulation sign).The company has goood sales and earnings while the funds are increasing quater after quater.i will buy the stock at the pivot point (at $138).

$HUBS: The stock is currently trading at pivot point (blue point).the company fundamentals are good i.e sales ,earnings and return on equity while the stock building the flat base.i still want to restart my position at the buying point.

$LLY: The stock is currently building flat base the volume has been drying during base building and the fundamentals are also best.will be buying this stock when it move past the pivot point ( $800).

The stock has been respecting the 50-moving average for a very longtime which the character of the most of true market leaders.

$NOW: The stock has made 9 week flatbase with very best fundamentals thats earnings,sales,return on equity and increasing number of funds.will wait until the stock has crossed above the current consolidation.

the buying point will be $815

$UBER: The stock is currently building the flat base ,i will wait until it will break above the current consolidation.The company has good fundamentals thats sales ,earnings and Return on equity.

The good thing is that as the stock building the base the volume dry which is the sign that there is no sellers and other investors are accumulating shares.

TML FIVE TRADING RULES

1. Buy the stock as it break above base or trendline on above average volume 

2. Sell -4% to 7% from buy point,intra-day

3. Take gains 20-30% above buying point

4. Use trailing stoploss to protect your gains

5. If you have three straight failure -4% to 7% ,stop buying and do postanalysis