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As most of you know by now, I am not at my desk all day every day anymore, I am involved in a business venture outside of trading, so I have turned exclusively to short swing trading for the time being. So you can expect almost all of my ideas to reflect that for a while.
I’m in the process of building out an office in the basement of my establishment, and at that point I’ll return to both IU Chat and everyday trading again. Look forward to seeing you all again soon.
FATE: Good start. Ideally open strength tomorrow to get some adds, 100 area guide to stop, but expecting this to turn into a nice profitable swing idea.
ANCN: I love these “boring” ones. Most will look at it and say “that short trade is over”, but I look at it and see 40%+ downside still from here when everyone else is done with it. Hoping for anything back 3-3.50+ early for short swing entries.
MVIS: Very juicy shitbag here. Nice short squeeze into close today so I could see it dying from here, but would love to see one more push tomorrow through 4.50 highs towards 5 and that area has me very interested to begin a short trade. Perhaps wishful thinking but we’ll see.
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
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