On Watch 08/8/18 from Dante

by | Aug 7, 2018

 

If you’d like to get involved in our community and talk with me in chat, you can do that here.

You can find a compilation of all Alex and I’s webinars here. 

Also I’ve started an audio-blog series where I narrate all my favorite blog posts for you guys. You can find that here. 

 

EKSO:  Messed this up…had top tick entries 2.36 avg, but cov’d EOD after the VWAP reclaim, thinking maybe “good” e/r and more games tmrw, but clearly I was wrong. Congrats to those who held o/n, nice patience/conviction and payday. Hoping for some straggler covers tomorrow & maybe another push back mid 2s for another shot at it, but if weak open, will be off radar & on to the next.

AMPE: In absolute shock…well not really, but can’t believe today was “the day”. I’ve known this company was blowing smoke up investors asses for months, if not years now. And knew the end was near, but figured today would just be a harmless “BLA update” for the BLA that’s never coming, but I tuned into the cc and it was beyond laughable, one of the most sadly disorganized and awful attempts at masking the truth – the guys on the cc basically blew the company up today with their comments, so kudos to them. Should have just kept their mouths shut and said nothing, and maybe some more unsuspecting buyers could have got us back into the 3s before the inevitable bad news, but is what it is. Based on that cc, this thing as as dead as dead gets. Any significant bounce of any kind from this point on is a gift, and I will be looking to short it. Their drug is shit, their management is shit, everything about them is shit, and it’s trading exactly where it belongs right now.

BLNK: Nothing new here, games and more games. Got saved today after the SSR trigger, probably intentional, would seem like a good time to try and issue a PR tomorrow if I was them, maybe get one more good jam day out of this. If it pops through Friday highs and goes 5+, I’m extremely interested in the short. Either that, or a rejection/stuff into the high 4’s and look to attack failed follow thru from there for a breakdown later this week.

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

1 Comment

  1. Great watchlist and comments D

    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Your email address will not be published.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