Free Scan: Stocks To Watch For Monday September 12, 2022

by | Sep 11, 2022

I hope you've all been checking out the interviews with Anthony that we've been doing. The feedback has been amazing and Anthony is a natural at it! You can tell how much he prepares for each guest! We have a lot more coming and some really great names that I think you're going to LOVE! My goal with the channel is to just keep providing solid content (for free as always). Hopefully, one of these interviews checks a box for you and takes you to the next level whether it be in trading, life or both!

Last week was probably the most uneventful week of the year for me - the bounce was there the longs were there and heck I was even long a lot of things but just sold out RIGHT before the moves. I am NOT rushing into names right now. I have zero desire to trade. My goal is to not really trade unless there is a BIG OPPORTUNITY. I've rarely traded off open - been waiting for lay ups to come to me mid-morning or pre-mature breakouts early afternoon.

Thin IPOs are a pain in the ass right now -- so I am avoiding them. Some have zero liquidity and thus no edge and others have massive liquidity but absolutely bananas price action which once again, zero edge. Have to let the crowd pass and give up and then the layups will come again. Everything in trading is a cycle. Half the battle is recognizing edge within a cycle.

One thing in the past I've done is trade when there is no trade. Force entry on names that are not in my wheelhouse. Trade to trade. Although it may not seem like much prep sometimes -- half the battle in trading is knowing when to sit on your hands. By sitting on hands there's been some really nice opportunities that have come which I may have missed if busy with other names.

I have some travel coming up so I'm also trying to behave so I can enjoy travel and not feel like I'm "missing out" because I "need" to trade because I made some stupid trades earlier in the week - you know how the mindset goes when that happens 🙂

September 15th I'll be off for a golf tournament September 22-23rd I'll be limited as I'm heading to a wedding in Arizona which I'll be connecting with a bunch of traders Saturday while I am out there and you'll see what we have in store soon with that! And, then -- Traders4ACause the week after that. I am super excited to meet everyone.

Big news on that front!

We are launching our virtual ticket so you can watch Traders4ACause from your home !!

As you might recall we launched Project Impact a few years back and have included ALL event videos from the years AND do special things throughout the year for members! And much more to come as we build it out.

To access Traders4ACause virtual this year -- all you need to do is become a Project Impact member.

BUT that's not all - we are selecting one lucky trader for an all access ticket to the VIP party Thursday night, conference access AND hotel room (this is a HUGE savings since rates are sky high right now after block was filled).

The ONLY thing you need to cover is your flight!

So again PROJECT IMPACT = VIRTUAL ACCESS with a chance to come in person in Las Vegas ALL expenses paid (Minus airfare) AND next year Project Impact members get first chance to attend with early bird access since demand is so high for this event. Yes, we could make it bigger and likely double the size BUT our board view is that takes away from what the event is - and I think people appreciate how intimate it is.

Twitter Questions

Everyone who submitted a question and got picked - gets a T-shirt!

Video Scan and Game Plan

Stocks to Watch

ISEE nice opportunity on Friday - prepared and ready as a potential trade at 10:25AM due to the catalyst we knew and talked about pre market. Fortunately it gave way right at that time. Can't really get super prepared until we see the pre market action because like VERU you can have an unwind day and then comes right back up the next. I'd like to see either 945-10AM trend join vs. VWAP or prior key levels which worked VERY well this week on this name. Nice Friday trade prep!

BBBY 945-10AM + trend join -- if it gaps down it still will be on watch for fade but an idea trade is another decent gap up and blow off look to where support is holding and wait for it to fail multiple times vs. that level.

AMC same as BBBY - I was long this trade all week but made about $0 in the grand scheme of things whether it was stopping out flattish or moving on since I was leaving desk only to watch it head straight up. Right idea wrong timing/patience. Happens. I will wait for this to come into my wheel house which is typically gap up over extension some sorta parabolic move or exhaustion and THEN I am interested.

Failed Follow Through:

RIVN if market trends so will thing - but like the range after the news on Thursday -- we should have another few days of action off this. Will look for set ups like we went over Thursday and Friday and then look to fade it from there.

AMD been a pretty good trader each day - Friday went over the channel to be aware of same thing we saw on ISEE and a bunch of others when your edge starts to go down etc. 945-10AM trend join I have it under failed follow through because I think market gets faded by Tuesday

GOVX ideally follow through gap and then failed follow through set up.

Continuation:

ALLK possible liquidity trap set up if it starts firm over $5 vs $4.50s risk.

TCRT any big dips for continued big picture idea - been on scan a few weeks now.

AVYA I trimmed some but never enough was a pretty massive trade from $1.1x's had ditched some into the first move then re added and was one hell of a trade over $2 but you could probably say I was too patient on the last batch but given average and padding I am letting it work -- but will not add any of the sells until we see trend firm up and trend.

IMRA possible liquidity trap - key levels were $2.20 and $2.50 this week.

PRTY so far so good on the long idea last week from that set up - I did not participate.

Staying Familiar:

0 Comments

Submit a Comment

Your email address will not be published.

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market - 8 Practical Tips for Traders

Adapting to the Market - 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success - Nate Michaud on SimCast

The Process Behind Trading Success - Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

Trading Insights from Career Traders - Interview With Nate and Cody

Trading Insights from Career Traders - Interview With Nate and Cody

Topics Discussed How Veteran Traders Manage and Deal With Losses The Role of Discipline in Trading and Life When to Trade & When to Take Breaks Adapting to Changing Market Trends (Figuring Out What Works) Recognizing Your Strengths and Weaknesses What Contributes...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....