Welcome to April !!
The only “problem” right now is the number of trades available. It’s easy to want to nail them all, if you try that you miss them all. Also, many times in this kind of market the ones you try weren’t the lay ups, the one you skipped was. It just comes with the territory. Try to do your best and not get too emotional about missed opportunities.
We are in a very sneaky bullish market, looking back pretty wild, a lot of tech is up 70-90% year to date, and it’s only April. We just had a “financial crisis,” and we’re breaking out just two weeks later. I think a lot of people are on the wrong side of this market like always. Quite honestly, if I were to bet that we woulda been here and had this move – no chance. I wouldn’t have anticipated it a week or two ago. But, that said I am perma-unbiased. Focused on opportunity and edge. So, no matter how high it goes (or doesn’t) as long as there is RANGE I am happy. The traders who have a tough time in this market are the traders that try to force what they think should happen vs. just going with the flow.
Video Topics
- Do You Need A Day Trading Broker?
- Lots Of Breakout Long (Anticipating Range) PYXS PALI AI
- Recognizing Traps (AI PALI)
- Sneaky Bull Market (Perma Unbiased)
- 2-3X Working vs. Working For You (AI)
- Prep Paid – GRRR
- High Conviction – VHC
Giveaway Winners
- Slackert9x – Free month of IU
- 12496k – Free T-Shirt
- ramindersamra7154- Free T-Shirt
Video Scan and Game Plan
Stocks to Watch
AI if we have a huge gap up then I think any parabolic move will have a nice mean reversion style trade back to Friday resistance which could act as support in this case. If we have a weak open I’d be watching flushes to get soaked up for possible red/green and squeeze type of trade. It’s my opinion that this is not just a one day move since it’s been setting up for well over a month or two but you just never know. Going in with the plans listed if they prove otherwise I will adjust.
PALI ‘shoulda died’ Thursday hence the long position I took. Friday was wild and like our discussion on AMD where it was a ‘waste of time’ and ‘pushed too many buttons’ there was a part of me that wanted to let my trade work because of my good average so despite covering each time into the $3.10-3.20 levels we knew to be soaking yes the better trade would have been taking the entire trade off and treating it separately each time. So, lots of work for probably 1/3 of the potential but safe nonetheless.
ENVX waiting for the day it has trouble vs. VWAP 945-10AM+ thinking we get $1-1.50/fade on a trade that can support a relatively decent size. Hard to find these set ups lately where you can get high conviction on the best sets ups due to range, liquidity and choppiness.
Failed Follow Through:
AEHR morning shove and looking to fade vs. VWAP as long as it doesn’t base over it. Cautious of a reclaim.
XPEV 945-10AM + along with NIO trend join vs. VWAP
GFAI big ripper AHs – I almost bought it but never got there. Looking to fade any parabolic/circuit halt that fails to follow through. Not looking to marry it – since pretty thin trader.
GRRR ideally $5.50-6 then looking to fade slowly to $2 (think about SMX etc)
YMAB nice trader on Friday – reactive trade is ideal fade until trend reclaims over $5.50 cautious.
BANL covered basically flat Friday but monitoring – definitely some volume on lows Friday so either close to fading since sellers arriving OR possible new shorts for next leg. We don’t know yet. We need more information. Will trade based off the info we get in the morning.
NAAS nice idea on Friday – ideally same set up again. Reactive trade looking to fade any failed follow through and unwind.
Continuation:
POAI snagged some Friday was one of the few AI ones that didn’t move saw some action so joined small.
EZGO continued break out – no position.
LOCL Watch dips until we get a blow off could keep building.
AIXI big picture idea on Friday – will let work until fails to follow through or blows off.
Staying Familiar:
Aha moment for me this week, do not allow one butchered trade carry on to the next. Butchered SIVBQ and missed WISA and GME. Also butchered BRDS and totally missed PYXS.
Thanks Nate
Guys it’s time to move on from SIVBQ and BOIL
thanks!!