BenedekBokor

16:01

BenedekBokor

• Friday was a solid day, lots of strength especially in the energy, quantum computing and recently construction/industrial names • A bit concerning is that breadth is very high already which tends to be followed by corrections, but we've been in a correction in small caps for almost a month now • Good sign to see small caps outperforming large caps on Friday •...

17:43

BenedekBokor

• Breadth is still flat/declining, lots of breakouts have failed and I got shaken out of all my positions so I'm flat • Money is still flowing into safe assets like XLP and XLU, now also TLT, and the market is held up by large cap growth stocks, but the majority of the market is not going anywhere -> chop • This is the worst environment for me so I decided to...

18:02

BenedekBokor

• Clear leading sectors are batteries, nuclear and alternative energy, material and metal names especially gold • Breadth is declining, XLU, XLP outperforming, stocks lower, IWM rejected from the 100dma. • These are all clear signals to me that we are in a bad environment. Last week I was 109% invested, but now down to only 10%, and only risking 0.3% on my trades....

23:38

BenedekBokor

Market is looking very solid, stocks are breaking out, leaders are leading, there is follow-through, markets are above the 50dma, breadth is the strongest it has been since 2020. We are likely to see continued strength. Short term we might be a bit extended, I would like to see some sideways movement for 1-2 weeks before heading higher. Maybe a slight pullback to...

22:00

BenedekBokor

Solid follow through, breadth has improved, a lot of breakouts this week, but I would be curious how we'll behave as we get closer to the 50dma on the indexes. Until my market timing model shows a buy signal, I'm not gonna get aggressive, I'm still 50% invested and looking to take profits into strength, rather than entering new positions. I'm still relatively...

14:25

BenedekBokor

Breadth improving, a lot of stocks are starting to set up, there were even a few breakouts last week which is all constructive. Metals and miners are still leading, as well as defense names. NASDAQ:MVST is looking the best, have a good sized position in it, let's see how it evolves next week. I still remain defensive though, only 3 positions.

18:21

BenedekBokor

A bit of a more personal video too as I walk through my biggest loss I've ever taken. Also made a bunch of mistakes this week. Losses and mistakes tend to cluster. Similarly when they say you should be more aggressive when you are getting traction in your trading account, you should also scale back when you see yourself making mistakes over and over again....

15:59

BenedekBokor

Was contemplating selling some puts to bet on a rebound next week given how oversold we are on all measures, but decided to pass. We are in uncharted territory and you never know how steep these markets can fall before they find support. After all, I'm not in the falling knife catching business. As for my active account, I only had a few small trades booking a...

11:10

BenedekBokor

Waiting for the first 10min candle to form before pulling the trigger. Seems like it was the right choice. Love my new FOMO list, it helps me stay disciplined with my strategy

32:10

BenedekBokor

Correction: * New leg lower Market seems to be accelerating to the downsides. I was ignoring the warning signs and entered a few poor quality setups so I lost probably around 2% from last week. I've had enough so I created a new rule where I can only enter picture perfect 5* setups in bad market environments like we are in now. Despite all this, I'm flat for the...

37:58

BenedekBokor

Chop-chop -> worst market environment for my style. I'm 100% cash, not much progress since last week, but I'm happy I could hold onto my winners and not give back basically anything. My biggest lesson right now is to learn how to be more selective with my trades. Even though I risk MUCH less than before so even if I mess them up it doesn't have much impact on my...

45:15

BenedekBokor

Going through my trading stats in a bit more detail. Strong rebound in Friday, but we are still well in a correction, I will need much more proof to get aggressive, and here are a few reasons why. 1) in general there are not that many good setups 2) most bases are quite wide and loose 3) most previous leading stocks are well off their highs and what is working...

29:02

BenedekBokor

We're quite oversold on all indexes, so at this point probably everyone is expecting some bounce next week. How strong it will be is uncertain, but the likelihood of it happening is quite high. I've been ruthlessly cutting losses on all my trades to 1/3 of my historical average losses, and due to a nice big trade on NASDAQ:JVA , I actually made $33 this week,...

16:35

BenedekBokor

Strong relative strength in car related names, especially from China, but finance names especially in insurance and credit, as well as real estate seem to be the leaders. All of these I'm reading as positive signs given these are cyclicals. On Friday we had an accumulation day on the AMEX:IWM which is my first sign to start looking for good RS stocks for...

23:52

BenedekBokor

Things looking bad. Have worked on updating my market timing indicator and did a research on my past results depending on the market environment. The results: shocking. Well, partiallly. I knew it before that I shouldn't be trading in bad times but I didn't know that the difference is so large. And for a long time (too long) I didn't even notice we are in a bad...

30:24

BenedekBokor

• Mixed signals -> large caps seem like they are just starting a new uptrend while small caps are looking the worst in a while • Breakouts overall still don't seem to work, EPs are probably better and pullback buys, though I haven't seen much traction (nor do I have much experience in those tbh) • Given I'm in a large drawdown since December, I'm doing some...

09:58

BenedekBokor

Caught the EP nicely on NASDAQ:AFRM , and the breakout on NASDAQ:MGNI , but other than that we're still in a bad environment, the distribution days and declining breadth are not good signs. Will remain cautious.

17:54

BenedekBokor

Lost probably around 10%. My motivation is shaken, but not broken. I need to find my passion in trading and put in time and effort to improve my system because we're likely going into an environment where I can't keep doing what I've been doing.