On Watch 10/24/19 from Dante

by | Oct 23, 2019

 

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. 

MNK: Perfect read yest, right down into 2.70s weak open & ramp back for 3+. There was really no blowoff today, so I don’t see anything stopping it from happening again in a similar manner – except this time would be watching for weak open into the 3 area for the same type of trade – open sells towards 3 and then ramp back to new highs 3.30+. Make sure it sets up with higher lows first though and something to risk off of, don’t just dive in first 3 test if we get it. Patience and proper setup. If it opens strong into 3.30+ right out of gate, would then look short scalp idea.

APOP: Don’t think this quite fits the “machines” criteria for a crazy ripper, so expecting this to die tomorrow. Little squeeze out today EOD, but higher the better tomorrow am and assuming this won’t have much staying power. Wait for a top and hit pops with a clear risk. around HODs wherever the end up being.

NNDM: 3.50 o/u area of interest, ideally push up into that & fail early and then looking to join trend lower ss from there.

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Your email address will not be published.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