Starting Date: 08 July 2020
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purposes. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers
Deepak, I agree that these short term trades based on hourly charts are working for right now. However they need a lot of close tracking throughout the day to be successful as they need perfect entry/exit timing. Also due to their volatility position size in these cannot be too big.
I don’t know how others feel, but I think most of us have a full time job and hence here for more buy and ride ideas where we take larger positions for a 40 to 100% return over a 6 to 12 month period.
I agree Rajat. I share too many ideas and I leave it your wisdom on how you want to use this platform. I will mark Buy and Ride ideas as Buy and Ride
Mostly the stocks which you mention under “Ideas” category with an article i go full on. The day recommendations i put minimal % of my portfolio.
You are ok and sharing ideas for all type of crowd. Keep it up DeepakJi. Thanking you.
Same feeling here. one way is only invest in Deepak’s Ideas stocks. He has a consistent record on returns on those since a long time.
Agree, look for buy and ride ideas. Currently after I have joined, I have AMD, MU and AAXN.
I am confused. I am not giving any day trading recommendations. These are niche themes that work for weeks. Is it not useful? Example – the whole clean energy theme starting from Plug to Ballard Power Systems to BE
Totally agree , there are no daily chart that comes in play , its more of a momentum play for a 30 to 40% profit play with trailing stop in a 2 w to 3 weeks time ( Solo , BE , BLDP , UAV , GNUS )
Deepak, They are useful and understand that you are not recommending them as day trades. But I am sure they are primary vehicles of day traders in general who pump them for momentum and then dump them as quickly. So for someone who wants to ride them getting them right has not been easy. There small dollar value also leads to large % changes during the day. I guess what I wanted to say is that we need more like NET, AAXN, DOCU, SQ, SE, MELI, TWLO, TEAM, CRWD, OKTA, LVGO, etc.
Sorry for any confusion. I am happy the way you have been sharing ideas.
Your ideas are really good and the stock picks makes sense. I am extremely satisfied.
DeepakJi,
Pls continue with yr whole idea..
We appreciate the way you represent all ideas with proper logic.
Comments on liveongo health ? It is like you say it a digitization or health play ..
I have following Deepak ji’s Blog/Twitter for 10 years but only subscribed in Feb 2020 ( at all time highs) . I am greatly benefited from pric2eaction.com, I wish I started early or put more faith in March. Even in this sideways market my US portfolio is at all time high 2-3% up from June highs and 25% up from Feb highs where as Canadian portfolio is 5-10% down in same period.
Entry-Exit , position and risk management depends on individual.. eg: I did profit booking in some winning stocks to generate Cash they went further 20-30% up and holing onto losing positions they went further down.
Most important is to learn the process , overcome emotions and follow what market price action is saying.
Thanks
Tarun
Any updates for today?
AMD is also returning back from resistance point $58-$59.
Bynd bounced back from support level $127-$128
AMD is setting up for powerful breakout > 60
LH is on big move today
TSM breakout today…seems to be getting ready for next really.