Good Trading Day
Two solid profitable trades the Upcomers 50k Challenge.
U.S. Stocks Rallied This Morning
The U.S. stock market rallied this morning after a cease-fire announcement between the U.S. and Iran. I was holding two positions from earlier entries — one from an oversold (OS) RSI/MACD signal and one from an overbought (OB) signal. Both hit their exit targets during the market move. The news is noted, but it’s mostly noise to my strategy. I only care about the momentum signals after RSI extremes and avoiding earnings reports.
Rule Following
More importantly, the rules for entry and exit were followed. The RSI/MACD mean-reversion method I am using is fairly mechanical, making entry and exit signals easy to identify. At this stage, I am building consistency - looking for clean wins or losses, as long as every rule is followed.
On Today’s Results
The two positions added 0.81% to the account. I need three separate days with 1% growth each to advance to the next stage. Today was 0.81%, so it doesn’t count as one of those three qualifying days. But it’s profit in the right direction, and the trades were clean according to the rules.
Two More Positions
I opened two more positions on this account using the same strategy: long positions in ADBE and SMCI. Both are in the tech/semis sector, so I’m maxed out on sector concentration until one closes. No new positions on this account until then.