First off WELCOME to all new members that took advantage of our once-a-year big sale on annuals for Black Friday! We end this year’s sales with Cyber Monday for those who perhaps weren’t ready to commit to an annual and didn’t take advantage of those crazy savings and extra bonuses (more than we’ve ever done) thrown in.
Cyber Monday is focused on smaller time frame deals for someone who perhaps is on the fence and unsure, but once again we’ve made it a no-brainer. Hopefully, it makes the decision a lot easier for you given what we’ve included. If you ended up checking out the page to see what we threw in this year – you obviously know why by now 🙂 (something we’ve never done before).
Deals are good until Monday at midnight – check them out here.
We have a study session coming up on Wednesday with Sam and I’ll be joining in with him to talk with traders about current market action – what’s working, what’s not, and how I plan to focus into year-end. If you love what we do on Sunday video scan, that’s what you get every week between broadcast in the morning (video portion) and nightly scan (text).
The last two weeks have been killer! As covered in prior video scans — the weeks before that were, eh, not my best performance. I kept overstaying or having one that would grind me back to either small up, flat, or red on the day. All 100% avoidable but just slow to adapt in the current market conditions.
Hopefully, this style market keeps up until year-end as this is the action that allows some action to compound on back-to-back days/weeks, etc.
The market will always have cycles. Days and weeks when I perform others may not – days and weeks when I can’t get anything started you’ll be crushing it. Always remember it’s about YOU and waiting for YOUR setups to come. Keeping YOUR money is something most won’t do – but if you can do it you’ll be many steps ahead of the rest which leads me into one of the topics today:
Video Topics
- Talking With Trader (Small $ To $400K) Can Edge Go Away?
- Cycles – Knowing When To Attack – Remember China IPOs?
- Confident Off Open / Need More Clarity?
- Save Your Money
- Trading To Trade? Ex: $1K Reward vs. $1K Risk?
- Use The Time To Dabble Into New Concepts
- Put Yourself Out There (Lounge/Sam’s Study Group)
- Ask Questions!
- Cyber Monday
Giveaway Winners
- Steven Shirley – T-Shirt
- Doug Lupsha- T-Shirt
- Erik Santos- T-Shirt
Twitter Q&A
Thanks Nate. Still struggled on how to choose "the one" to trade amng the gappers, that one that has range potential: Rvol, float, news, fundamentals, volatility indicator, history, all of them? experience? Lately I'm an Expert in selecting those that goes sideways all session
— Luc (@luctrades) November 26, 2022
What do you prioritize more when looking for a+ setup? Size of range or predictability of moves?
— John Wick (@JohnWickTradez) November 26, 2022
Could you share chart and thoughts on you recent good loser? Interested to see when levels proved you wrong, you cut and moved on
— Capucco (@__koziol) November 27, 2022
When you were in your development stage, what was your daily routine to becoming a consistently profitable trader? And how has your routine changed after becoming consistently profitable to still improve each day?
— John Do (@johndoe_trader) November 26, 2022
How do you detect a small cap market cycle shift as early as possible (from weak to strong or vice versa)? What type of confirmation do you need before changing your mindset / What things are you looking for and how do you adapt / adjust your playbook?
— Alex (@Alex30291442) November 27, 2022
Video Scan and Game Plan
Stocks to Watch
COSM big one on Wednesday okay one on Friday now we need to see the crowd pass and then edge will come back. This is the chop where Wednesday was so good it makes you want to do it again but truly just need to put the breaks on and wait – yes there are trades but if you don’t take them the commissions will start to add up. .37 to .44 was the channel given in the room on Friday — ideally we get a clean set up vs. .44 in coming days. No rush. Let it set up.
MANU good one Friday – tried once early but it stayed firm at VWAP so as I said no sense to stay in the trade — move on or stay small so you can keep emotions in check and nail it when it sets up. Second trade opportunity that set up was the home run fade — closed it out towards the bell. There is a lot of headline risk here so for me 1. I don’t want to be outlier size regardless of how good the trade set up is 2. I don’t want to be looking for a ‘full day’ trade set up and 3. I want to react to the big moves — cover majority and let some work if things are trending well. I do not want to scale scale scale because in the event there is some sorta midday headline I will be thankful that I don’t have crazy size. Let things build, firm up, chop, trap and blow out the add add add shorts — and you’ll see there was a lot of opportunity Friday.
AMC all strength that fails — looking for the fade back into the mid/low 6s short term.
LTHM LAC after those headlines Friday pressure came in. Watching all pops the next few days if they stay heavy vs. VWAP 945-10AM+ I’d be there.
Failed Follow Through:
NWTN holding trend well – this is one you set a price alert and relax. Everyone trying to find the top right now is short cover short cover short cover let it do it’s thing and once it breaks prior support just be the trader who has a price alert set so you don’t look back in a week and realize you missed a lay up trade.
PKBO same deal once folks forget looking for the quiet fade.
JCSE oldie liquidation trade — morning shove for failed follow through is ideal again – great opportunity last week!
PRVB has gone WAY further than I would have thought. I think we talked about it last week on the video but figured it’d stay heavy and perhaps remain a ‘sell the news’ instead after the big sell the news DAY they soaked the hell out of it. My bias switched from looking to fade the trend to hopefully a $10-12 blow off and then A+ set up again (I haven’t longed it although I guess that could have worked too). I will stick to what I am good at on these types.
NINE note the wicks we talk about regularly — dips/wicks = longevity so don’t get chopped set price alerts and wait.
DBGI this is one of those types that likely raises any day so I won’t long it but I think too many shorts know that and probably a bit too aggressive. Odd action Friday almost felt like they were trying to create a trap on it but were in no rush to push it — we’ll see if they don’t raise before T+2 could have an interest move setting up.
Continuation:
MMAT catalyst into December this is setting up for a sell the post catalyst just like last time which was massive so I am going to be stalking this one as it nears to get a good feel for it. MMTLP right with it.
MICT still going – as I said last week can keep going won’t long it just staying on radar for when the break out ends.
YGMZ this was one of the first liquidation plays that I ever saw – lots of 4AM crosses on Friday so they’re definitely moving shares from one account to another (washing) but the bid is there. Let’s see how this unfolds not sure I’d join the trend but definitely want to stay familiar just as you saw CNEY LGHL SGLY and the rest.
GGE so far so good – watch all dips could start to really build in near term.
TOP washing machine has commenced — LGHL if you need to understand what I mean just go back and review that chart/soak/wash back and forth before the move and then the dump day. You can go back through the LGHL prep as well for that dump day you guys saw.
Staying Familiar
0 Comments