On Watch 07/21/20 From Dante

by | Jul 20, 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.

IBIO: Top watch tomorrow. This has just gotten incredibly out of control – this name should be and will be back under a buck in the not too distant future. Expecting a gap down, but hopeful for a gap up. Anything near 8 tomorrow am I’ll be salivating to start in short. Weak open will ignore short until 6 peaks out as resistance, do not want to be shorting any weakness down into 6 tomorrow morning.

INPX: Like this one as a long swing actually. Pretty beat down, looks like they just raised a lot of cash using their ATM and have put a pause on that for the time being. Raised 40 million in cash and market cap just above 50 million before today. The volume today is what caught my eye, reversal signs. I like it on dips with a 1.20 o/u area stop on the trade, and thinking it’s got a shot to be picked up by one of these absurd algos in the future as a contact tracing play – that sector could be next to get some attention as it gains popularity. May amount to nothing as company has a history of dilution and piggy tendencies, but worth a watch at these levels with pretty limited downside here 1.10-1.20 floor. They’re in a very “relevant” sector for the current Covid re-opening chapter we’re in now. We’ll see.

BOXL: Like any pops into 3.30-3.50 area tomorrow for another short opportunity. Should be a slow steady bleed from here.

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

0 Comments

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Your email address will not be published.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