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What’s been working most for me lately as a short biased trader, is not trying to nail the runner of the day on Day 1, but rather keeping that name on my screens 2,3,4+ days after the party is over. While this strategy is not as “exciting” as going after the 100mm+ volume name up 200% on the day, it will highly increase your win rate, and highly decrease your risk profile. So, these are the names I’ll continue to focus on in my scans, hope it helps. A lot of these have been working great. Takes discipline to keep eyes off the hot play of the day, and on the “yesterdays news” names that don’t quite have the range as the exciting ones, but it works.
HOFV: This one is incredibly stupid and just taking advantage of the NFT craze. This thing will soon end back at 4 or lower, so it’s on my radar for a short swing. LOT of volume so don’t think it will just go down easy, they have a lot of shares to unload, whoever brought the bid prop. So while I don’t intend to go after weakness here, anytime we get a little squeeze or pop, it’s on my radar to fade it. Perfect world is a pop back into 7 tomorrow, but not expecting it. Watch on any strength and think swing idea, will be a good one.
JFIN: Settled down near 10 just like we thought, congrats if you stuck with the idea and had a little patience, paid nicely. I think the same scenario is still in play, but now with an 8 target. Most will have moved on from this one after today, so that’s when it comes back on my screens, and I’ll look to quietly fade it back down to 8 or lower. Zero material developments here, and this too will be a gravity play back down to where it came from in a few weeks. Still a lot of meat here, so don’t forget about it.
WKEY: This is my top short idea for the next few days. Today was absolutely nothing but blowing out shorts. Eyeing this one to get toppy tomorrow and then looking to fade it as a scalp likely mid/late morning. Perfect world would be one more gap up tomorrow towards 25+, but even if that doesn’t happen, this will still be a phenomenal short. The “big trade” likely won’t be tomorrow as it’ll be on most peoples screens, but come Friday or Monday, I will be dialed in on this name, going to give a large majority of these gains back in the next few days. Another trap/squeeze tomorrow would be a gift heading into Monday as well. Big trade coming, but nothing to fight with as long as the VOLUME is still there, keep a close eye on that.
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
thanks d
Thank you
Thanks Dante!