The wild weeks continue! Been trying to stay laser focused and dialed in while remaining EXTREMELY aware of liquidity changes. Right now you can get away with a lot. But as soon as that liquidity slows if you’re outsized, that’s where the outlier risk comes from. Stay nimble no matter how great it is right now.
After taking a brief pause for a day or two, we had one heck of a rally followed by a few sell-offs that got soaked and rebounded pretty well. There is NO shortage of plays. The key right now is just focusing on what you do best and keep doing it over and over until it stops working. This is the type of market where a lot of level-ups come.
Does that mean if you’re not making money right now you’re doing it wrong? No, but it may be time to re-evaluate the strategy you’re using. For me, this type of endless volatility is where I perform best. A few months ago to close out the year as we discussed I’d rather trade smaller, press fewer buttons and just grind vs. going backwards.
So, if you’re going backwards right now – press pause. Stop pushing to ‘make up’ for missed opportunities. This is either your wheel house or not, if it’s not and you’re pushing hard anyway you’ll end up self destructing.
So, as you guys know when we do a deal – we try to make it so no one can really say no. Rare but when they come, they’re stacked with so much good it’s literally a no-brainer – just like our Black Friday and Cyber Monday deals once a year and they’re too good to pass up.
You know that I’ve been a long-term advocate for CenterPoint, and if I pitch something, it’s because I use it personally.
We’ve been going back and forth with CenterPoint for quite some time to create the right opportunity, unlike anything that’s ever been offered before. At first, it was similar specials as they’ve done in the past, but what makes this time different? Why this time? What would make someone take that opportunity without pause?
One of the biggest ISSUES I see in both IU and Twitter is not being able to short particular names. Missing out on some big action because either there is no borrow or what was available earlier is no longer when you want it most. CenterPoint alleviates that issue.
One of the biggest COMPLAINTS I’ve seen about brokerages and locates is the price of borrows. I’ve been waiting to secure this deal because CenterPoint has recently launched a brand new locate system. It’s been really incredible both with inventory levels and more importantly, PRICING. Sometimes brokers have cheaper borrows but NO INVENTORY by the time you try to get some, it’s gone, and you have to pay sky-high prices. CenterPoint has, in my opinion – not only inventory but the best prices to go along with it.
With that said, here’s the deal we arranged:
- 60 days no commissions
- Account minimum is lowered to $30K instead of $50K (lower barrier to entry)
- Free access to IU for 3 months
- Free access to Textbook Trading and Tandem Trader
But that’s not it – a new initiative they’ve launched is their Edge program, which gives traders access to the following software for free:
- Trend Spider
- Trade Ideas
- Dilution Tracker
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This is also included for 90 days as part of this deal (and remains free for clients who trade over 100,000 shares/month).
Personally, I use Trade Ideas and Dilution Tracker EVERY DAY.
To summarize, you’re getting over $5,000+ of real cost and commissions absolutely free.
Oh yeah – I almost forgot the fine print. Oh, wait – there is none.
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The first dozen accounts opened I will send an IU T-Shirt as well!
Video Scan and Game Plan
Stocks to Watch
DKNG real nice action on Friday – started in relatively early just to get a focus on it and once we had the $20.70 over/under level confirm started to scale heavily for the flush. Great opportunity and pretty big volume so I wouldn’t sit there and think this “has” to come in but it should have another great trade 945-10AM + the next few days. If it gaps big I’d watch for fade back flat, if it opens red and rejects r/g I’d look for a fade if it opens relatively flat and grinds after 945-10AM + we could be looking at $22 + short term.
TOST been great last few days off open – reactive trade off open and then will look to join trend 945-10AM+
XP concept was same as TOST – reactive trade off open and 945-10AM + trend join.
ABNB higher better for back side possible gap fill.
Failed Follow Through:
IBIO morning shove for back side – have warrants but easily can shove an offering down. Great example of ‘too’ crowded trade blew out midday giving a great re-short opportunity.
FSLY may be under failed follow through but doesn’t mean I am short biased – ONLY if we get a failed follow through set up. More it consolidates could just be setting up for next leg up. But, for now – as long as pops fail I’ll fade it until higher lows firm up.
TAL morning shove for unwind watch with GOTU
Continuation:
DCFC feels like they’ve been prepping this move for a long time. Looking left two other instances where it ramps up major vol but in the end ends up soaking. This is when the tape changes and trades way thinner than it has in past. That said watch all dips if this move starts to get soaked and has the wicks we talk about regularly on the daily we could have a decent longer term move.
TCBP so far good from the swing idea few weeks ago for those who watch the video regularly this is not a new name idea was given many times last few weeks just as a reminder … $3 move just about catalyst on Tuesday.
AMAM watch dips – decent liquidity trap until it blows out after that I’d start to look for back side.
SERA this has been the new way – marinate the first day squeeze out T+2 — this is following liquidity trap action note how the vol went 60 to 20 to not much.
INZY lots of shorts likely present watch dips if $3 base for squeeze $3.50 + if it can’t hold green Monday possible fade back to $2.50s.
Staying Familiar:
AI SOUN BBAI
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