My Trading plan for last week. Did that go well? Yes sir! Listen—I feel like all my year and the half of trading Nasdaq100 “professionally” last week has been my best so far. There’s one thing I realized though, That is: Follow your plan. Look, you got a plan? follow that guy. Don’t change nun ‘in.. Just—follow! I noticed how much that sky-rocketed my performance. Honestly, Nasdaq100 this week, we might all just be going for a funeral. “Why?” You’re probably wondering, Well, did you see how it ended. The lady dropped like 3% from last week..
Hey traders, so last week was really “Bearish with lot of annoying ranges”.. The major structure though, bearish. That didn’t stop the bulls from just messing around with “#ME!”. Pretty annoying.. Haha. Anyway, the plan was bearish until there was a reason to buy—that’s what I did. Although, Tuesday changed that plan.
Before I dive into that, These were my exact words for last week—“.. since all levels are pointing downwards, even the relative strength index are all below 50%, I’ll be taking more of sells till there’s a change in the trend. If the Nasdaq100 gives us a higher-low instead of lower-low, then BUYS!!!..”
The Nasdaq100 never gave is that Higher-low. Instead, the lady just kept falling like she fell off the Dubai’s Burj Khalifa’s Balcony. Rubbish!!! 😂😩
Anyway, back to Tuesday. The CPI (consumer’s price index). Dude! (In peter parker’s voice) This CPI ain’t a joke though. You know how I said the Bears came in—but the bulls didn’t stop fooling around. It’s this guy’s fault. The Bulls went wild after the “negative 0.3%” release of the Consumer’s Price Index. I started wondering, what is this? Negative news with a positive reaction. Little did I know that it was all a re-group. In less than minutes—The bears 🐻 got their Mojo back. “Mutha-heffas”.This fight went on for a while though. On Wednesday came the PPI although 1.4% positive, the bears didn’t stop fighting their way back. Wouldn’t blame them after that negative 9.382 million Crude Oil Inventories release news. Guess what! Mixed.
Last week, the Nasdaq100 fell. In the previous episodes I said, “I’ll be looking to short the Nasdaq100 if the 15,000 remains a resistance. Shorting it to next support level at 14,680. However, if that 15,000 turns support, I’ll be looking to buy the return of the bulls—at least back to 15,200. What do you think?”.. Well, as you saw, the bears won. I took more of sells than buys because of that. However, the Nasdaq100 played with me a little bit before it went my way. Anyway, no chit (haha). In the previous news, We kicked off with the ISM Manufacturing PMI which turned out with a negative 58.3 reading..