On Watch 06/12/20 From Dante

by | Jun 11, 2020

 

Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here. 

Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community. 

Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be a good time to do it. You can have a look at those options here.

CLDX: Sick squeezer. Very tempting this afternoon when 8.50s peaked out but I restrained myself, the volume and bids never left so it doesn’t surprise me where we are now. This is nothing more than a squeeze, so don’t get married to any continuation long tomorrow, I don’t anticipate that. Should we gap up + open shove 11+, I will be there looking short. If gap down/weak open, I have 7.80-8 area marked as a potential bounce spot, would not be shorting into that. So 11+ or sub 8 for the short, and if bouncing these is your thing, it’s worth a try on a weak open if that 8 area holds.

SRNE: Don’t lose this absolute turd of turds off your radar. All strength should be looked at as a reshort opporunities – there’s nobody with any sense or brains looking to actually buy this trash. Anything back into 5s tomorrow morning I’ll be looking short. That’s usually the game here – they like to gap it up/open pop candle before the selling starts. Weak open will ignore, don’t want to be shorting into 4.50.

IZEA: Kind of surprised they held this up another day. Definitely an offering coming, but maybe some more fireworks yet at this point, they’ve shown they’re still there to save it. Weak open I would completely avoid a short, it’s been trappy. So either 2.50 weak open hold for the long idea, or gap up 3.20+ to start looking short.

Shoot me a message anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss your trade ideas with you. If you’re not an IU member and would like to become one, you can join us here.

See you out there!

– D

3 Comments

  1. Hi Dante,
    Thank you for the prep for tomorrow.
    I recently (this week) subscribed to IU. I paid $697 for a quarter & I see that you are offering a quarter for $497 or, $1097 for the tutorials and the quarter, plus an additional month.
    Is there any way I can take advantage of the $1097 offer?
    Thanks in advance for your help,
    Virginia “Gina” Sanders

    Reply
  2. Hi Dante:
    Did you notice the Join us “here” link in all your post’s final paragraph is a link to expired promotions for Black Friday?

    Just thought to mention it to you. Great job on the preps for tomorrow.

    Thanks

    eLeon.

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

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...

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....

Day Trading Course