On Watch 11/20/19 from Dante

by | Nov 19, 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. 

AGEN: zZz day..pretty clear new area of interest here at 4.40, if we open weak below that, I’d be looking to hit pops for a fade day with a risk around 4.50 o/u. Not too interested in buying it anymore since the weak open hold we were looking for today didn’t have any follow through.

MYOV: Holy volume…love these. Likely looking to fade the open look. Weak open – 13 would be the area of interest to hold for a ramp back, otherwise gap up/shove into 16.50-17.50 area and looking for sellers to step in around there. Wait for top and lower high before attacking pops with a set risk on whatever HOD it puts in from the morning.

XNET: Doing what it does best lol. Those afternoon candles into 3pm scream of short squeeze, so I don’t think this will be long lived. It’s back in decent day trading territory up here above 5 again, so hopefully some pre prints higher the better thru 5.40s and gives a decent open short opportunity.

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. $XNET if vol comes in and blast thru 6 she can run do you short the high low and when you tke short positions wht key you are looking at the daily charts

    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Your email address will not be published.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