Master the Market: Dive Into the Trade That Made Our Day
Master the Market: Dive Into the Trade That Made Our Day
Jan 2, 2024
Hello and a very happy New Year,! I hope everyone had a grand holiday season and is already back to their respective trading desks. After a sweet reprieve last week, it’s time we dive back into the excitement of trading, albeit an abbreviated week.
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Market analysts are back to work too, sharing their latest upgrades and downgrades. If you missed out on spotting great trades earlier this week, fret not. Today, we’re going to delve deep into a trade that turned out phenomenally well for us.
The Alert That Made the Difference: Our AI at Work 106
The first episode of the What Makes This Trade Great series this year introduces us to the magic that lies hidden in a trade not influenced by any market analyst’s forecast. That’s right, believe it or not, the star of today’s story is a stock picked by our trusty Artificial Intelligence found NGM at work 106.
Our AI first sounded the alarm bell at approximately 9:41 AM, tipping us off about a stock right in the nick of time. What followed was a swift 15-minute candle pattern, wielding the possibility of great returns.
Initially, the trade was a little shaky. A couple of big bottoming tails raised eyebrows, making the first 15 minutes almost synonymous with riding a mini roller-coaster. Here I would like to share a little tidbit about my trading preference.
The Big Winner: From 106 to 134 and Beyond!
Now back to our intriguing trade. The foundation had been laid by out NGM at a price of 106. As the market progressed, despite few rounds of jitters, the stock climbed up the ladder, touching a fantastic peak of 134, even before its first significant pullback. From 106 to 134, the percentage gain was quite tremendous.
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As it happens often in the stock market, this wasn’t the end of the story. Despite the hefty volatility, marked by multiple bottoming and topping tails, the stock held its ground, eventually soaring way above at 140. Even when the stock was at 127, the overall increase was 20%.
Riding the Wave: Health Care Stocks Steal the Day
Today’s market performance seemed a bit interesting, distinct from most others. Most of the tech stocks experienced a downward trend, creating a picture of choppy market waters. However, the health care stocks demonstrated a strong rally, with huge leaps in their values. They took center stage today and managed to garner the attention of many of us.
Alright, folks, that’s quite a handful for the first trading blog of this exciting new year! Keep a close eye on those health care stocks and remember—while the market may retain its unpredictable nature, a winning alert can always turn the tide.
See you tomorrow in our trading room once we distill more intriguing tales from the stock market. Until then, stay excited and hold on to your trading hats! Happy trading!