MARKET  COULD  BE  TAKING  OFF

As a retail trader and an investor, one ought to be prepared for sudden changes in the market.  I often react to market conditions and plan accordingly looking over the data of price and volume.

"If THIS happens than I do THAT"

"If THAT happens than I do THIS"

It's very hard sometimes when we are constantly bombarded in the media by all the self proclaimed market  GURUS  and stock analysts sharing their opinions.  We also have to fight back our own personal biases and analysis of the stocks.  Last week was a roller coaster with the uncertainty of who the President of US is going to be.  The whole world has been scrutinizing as to how our election system works.    

"Market  fools  the  majority"

DATA  doesn't lie and I find it best to let the data be the driver of our decisions.  We finally have declared Mr Biden as our next president as of this weekend.   Market hates uncertainty and now the uncertainty of our elections has been put to rest - atleast until Mr. Trump elegantly transfers the powers of the presidency onto the next president.  Market really doesn't care of anybody's opinions.  As a retail trader and an investor, we are here to increase the size of our portfolio and mitigate risks in the market.

Best  Performers  of  My  Stock  Watch  List

Our  "Follow Thru Day"   of Nov 5th has performed very well for us so far.  Lots of stocks have surged in price with decent supportive volume behind it.  Institutions have begun to increase their portfolio risks with their investments.  At this writing, the markets in Asia  are already  +2.41% in Japan and the Heng Seng is  +1.62%.  Growth stocks can quickly rise to  +20%  within days sometimes when you identify a leading stock in the leading sector.

Here are the top 10 performing stocks from the 58 stocks that I had listed in my post on Nov 4th:

1. $PLTR  ... +31.44%
2. $TTD   ... +29.50%
3. $ZG      ... +18.29%
4. $ROKU... +17.14% 
5. $SQ     ...  +15.59% 
6. $PLUG ... +15.35%
7. $APPS  ... +13.94%
8. $U        ...  +11.78
9. $FSLR  ... +10.68%
10. $NIO    ... +10.32%

My $NIO positions were closed off @ $41.75  on Friday November 6th for a gain of  +96.93%  in the last 6 weeks.  It has advanced rapidly and is too extended from the 50 day sma (simple moving average).  It's likely to retrace to digest these massive gains.  Left a small position to ride through the earnings later this month.  It's one of the strategies to utilize to raise some  CASH  for follow up buys on successful stocks.  It's prudent now to be ready to start scaling up in stock positions initiated during the  "Follow Thru Day"  that are making gains.

Good Luck trading this week.

Happy Trading!

Amin

ps: I shall be offering a new and an enhanced live Trading Service in 2021.  Stay tuned for more information in my blog posts later in Dec.  Let me know if you are seriously considering spicing up your portfolio and ready to commit to learning to trade profitably.