#NorthWestHawk_Trades on 9/27/2023 Β½ $SQQQ L sold for -0.8% loss. ΒΌ $SQQQ L still open Full $PLTR S covered for -3.7% loss #EatMyShorts #mistakes
#NorthWestHawk_Trades on 9/26/2023 ΒΎ $SQQQ L opened Β½ $NOW S opened Β½ $PLTR S opened ΒΌ $OLMA L sold for +5.2% profit. Β½ $OLMA L still open
Two questions for the growing #nostr community: Are there any traders or investors on #nostr? So far, I haven't seen anyone besides myself. It’s also discouraging that I haven't received any encouragement for the content I've been sharing on #nostr. Do you have any suggestions or advice on how to help grow a strong FinTwit community on #nostr? #asknostr
The #Hindenburg_Omen (HO) last flashed on 9/8, 9/11, and 9/12/2023 as shown in this #NASDAQ weekly chart. Studies have shown that all stock market crashes and severe declines between '84 and '14 were preceded by the HO. More recent crashes (in '15, '16, '20), and the severe '21/'22 decline were also preceded by the HO. The HO has a success rate of approximately 25% for major crashes, as noted in WSJ articles (which I've backtested and confirmed). Note: Sometimes the HO misfires, such as the one on 5/10/2023 (commented in green in this #NASDAQ weekly chart). image
#NorthWestHawk_Trading on 9/22/2023 $SQQQ L +5.0%, closed $NVDA S +4.9%, closed $OLMA L opened $NVDA S opened $UBER S opened $BKNG S opened $SPXU L +0.9%, ΒΌ $SPXU still open
Bought a ΒΎ $OLMA position at $12.31 for my Long Portfolio, taking advantage of this potential bounce from the 10-day SMA. You can refer to my Sep 15th post for prior discussion on $OLMA. $NWHAWK23 Disclosures: 1️⃣ POSTS β‰  ADVICE; 2️⃣ Do not follow me if you don't understand risk management & diversification! image
#NorthWestHawk_Trading on 9/21/2023 $ELF S +12.7% $BKR S +0.1% $CRM S +0.1% $NVDA S +5.0% $SQQQ L +8.1%
#NorthWestHawk_Trading on 9/20/2023 $SQQQ ⬆️⬆️⬆️ $NVDA ⬇️⬇️⬇️
The #Hindenburg_Omen (HO) last flashed on 9/8, 9/11, and 9/12 (1 week ago). Since then, I've been gradually shorting Mega Cap stocks with broken charts. However, I waited until today to short an index: I just bought a 3/4 position in $SQQQ at $19, similar to what I did almost 2 years ago (as per my 11/22/2021 10:32 AM EST @stocktwits post). The #Nasdaq hit an all-time high (at 16,212) on that day. There is a study by @McClellanOsc, along with a chart, showing that all crashes and severe declines between '84 and '14 were preceded by the HO. The HO has a success rate of approximately 25% for major crashes, as noted by @srussolillo in 2010 and 2014 WSJ articles (which I have backtested and confirmed). More recent crashes (in '15, '16, '20, and '21) were also preceded by the HO, but it's essential to note that sometimes the HO misfires. image
#NorthWestHawk_Trading on 9/19/2023 $PWR $DKNG $NVDA $NOV $ELF