On Watch 1/14/21 From Dante

by | Jan 14, 2021

 

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.

RIOT: What an awesome swing trade from the idea the other day at 17, congrats anyone who nailed it. I really thought bitcoin would pull into the 20s before we got another leg up, but here we are back on the march. I still believe 50K is next stop, so if that’s the case, this RIOT should continue to melt up. I sold 23s last week, but looking to get back involved anything closer to 20 next. Perfect world bitcoin will give a little back overnight and we wake up to some sort of gap down, and then start to look for entries from there. Really still cannot believe I bought RIOT at $17, that’s 16.50 too high, but here we are. Truly speaks to the absurdity of this market. If ya can’t beat em, join em. Less thinking the better right now.

JAGX: Cannot shake my head enough. Got stopped out on this one the other day, but looking to get back involved. Only a matter of time before gravity does it’s job here. Been walking up but I think just weeding people out. Anything back over 4 tomorrow would be interested in starting another swing idea on it. If weak open, would still consider joining on pops with a HOD risk. This will end up back at $2 in the not too distant future as it always does, and absolutely nothing material here at all.

TLRY: Nice moves recently. Think there’s a nice opportunity setting up on the short side. Perfect world for me would be a nice blowoff into psych 20 tomorrow and would be very interested in starting the swing short idea around there. If not, anything thru 16 that gets whacked with convincing sell vol, would be interested in that as well with HOD stops.

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

2 Comments

  1. Thanks man!!

    Reply
    • thanks so much dante

      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Your email address will not be published.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