Day trading as been insane lately – swings slowed back down not much follow through just sorta sideways or I’m just picking the wrong ones.
Big big trade AISP today for those who paid attention to the plan.
That said – put an idea there for MSTR if BTC flushed to low $62K range which it did if you bought when no one wanted it when the premium faded going far OTM with the $2000-2500 idea those all were 30% a month + out on today’s bounce – if you went closer obviously a lot more. Nice idea there and we’ll see how this all pans out. Still think if BTC goes wild these will have no choice but to go crazy too.
Also, SOUN I’m not so bearish about unless monster gap. I am thinking any flushes $7.70 range vs. today’s low could result in some good rebounds. I think the sentiment is SUPER bearish and things are holding. Great covers today as well. I am starting to think back towards the FCEL PLUG comment I had made last week. If we gap up and rip I’m bearish but if we keep consolidating and building vs $7.50s +/- I am thinking we could do $10-12-15 near term. We’ll see.
Another thing: The WORX walk through today. I would encourage you to go back through the thought process there on the long trade not only off open but also midday.
Good action today – this is “my” market so this is where I compound. Been one of the better weeks of the year so far and we are only three days in so I will be HYPER FOCUSED on A+ only still and if things are not working like GOEV today or any others no need to stay wrong – move on. Next.
I’m trading a lot o names but it’s okay because it’s not 10 at once, it’s one hits flushes move on wait for next set up. Lots of reactive trades.
And as a reminder – put those bids in ie: SOUN flush those covers if you waited to “see what it does” you missed the flush $7.50 because it swiped $7.80s and who knows what decision you make after that ie: over stay and wait until $8 + to cover?
TGL good one to go back through that long idea – how they trapped (I walked through this) and then flipping to short side. Good discussions there.
Main Watches:
MARA CLSK RIOT etc reactive trade off gap is ideal then flush – move on.
DWAC reactive trade – nice one a few times today but have to be careful seems to just jump a buck or two on air if you’re not watching – catalyst is Friday.
SIGA higher the better – each day it’s up the A+ gets another + + + for the set up. Ideal = gap para reactive trade.
SOUN cautiously unbiased. Great trader. Nothing more you need. Just don’t get stubborn. Notes above!
Failed Follow Through:
SG higher better watching for flush / reset day.
APM higher better for unwind
AISP higher better for unwind – great one today!
Continuation:
GPS watching for para and then failed follow thru day
ATOS let it run – monitoring for blow off day
WORX same thoughts as we went over today in depth – ideally weak open flush and risk vs $3.50s for $4-5-6-7 circuits etc. IMO all fabricated volume for the most part just creating the appearance and a thick and tradeable market. No, I’m not saying 100% is fake as I traded a ton of shares in and out today but the idea that you can get in and out with ease is setting the ton for when they stop the volume churning and just let shorts eat it on low liquidity when they realize they traded sized based off the volume and forgot how thin it was. THAT SAID – if we STUFF and stay heavy this idea VOIDS. Don’t force the trade to play out. It should agree if scaling.
GOEV big chart dips vs $3 until blows off then looking to fade off
XTLB dips for squeezer potential – ALMOST held it over but didn’t
Staying Familiar
Nate I really appreciate the work you do. I just signed up last night. Went all in.
Awesome thanks
thank you Nate, appreciate it, i looked back and traded 11 tickers and resonated with what you said. felt like I’m trading a lot but i also was covering and moving on. i just had to be little bit more patience. Thank you.
Thanks for the additional information on WORX – went back into the chat history and reviewed the chart along the way and was very helpful. Cheers!