MARA and LGVN very nice today

We went over the MARA vs. RIOT trade in the traders lounge today – the RELATIVE weakness is what got me focusing on MARA > RIOT

THOUGHTS for tomorrow COIN

Likely 2PM open – think like SNOW later on in day. Huge demand MAJOR SIZE. It’s going to take a while.

There is going t be some great trades like RIOT and MARA today as well as many others BUT they may be in a holding pattern until COIN opens – cautious getting aggressive and exhausting prior.

Also side note – fumbled this one: X

X had a great trade but took off radar – some of these big extension names it’s worth keeping on radar. I need to do better with price alerts.

That said – don’t take MFNC off radar!

This market has plenty of action and lots of opportunity but it’s tough to size because when you size – things flush and reverse so I’ve been being a lot more aggressive sizing in and out more than I like. MARA worked great but without managing it – maybe not.

Here’s plan:

Main Watches:

MFNC keeping on watch – 945-10AM + trend join next few days many times fade off peoples radars and then you see the $2 $2 $2 move that you missed in a week and get angry. Going to try to prevent that 🙂

MARA focus name – great one today relatively weak vs. peers – reactive until COIN and I think solid trade rest of week. Trade MAY not be tomorrow beyond scalps. But, likely big opp soon. Not afraid to join the trend either.

RIOT I think was strongest b/c of Citron comments had to squeeze out that side first – but regardless nice opportunity. Much like TQQQ cover the flush around core ask questions later. You can always re scale.

Failed Follow Through:

VTVT higher better looking to fade vs $3.70s

PLTR higher better – came in some but thinking we could reverse out $1-2 fade off high.

FUBO higher better for back side.

X maybe few more days of sell – watch all pops

Continuation:

CGA nothing to chase but just feels like type of chart that can build over $9s and shoot to $12-15 +

PLBY what a swing trade so far! Really nice plan from last week sub $25 – $25 + adds trying to let it work to plan may be good may not be – some of the big ones lately I’ve held sold 1/2-1/3 and next day there is just zero follow through ie: GBOX and CLOV etc. Hard to find right balance between taking off a big trade than letting it work but as noted feel like this one was the ‘one’ that brings SPAC craziness back.

GBOX absolutely smacked yesterday 2nd time now which was a little frustrating because I actually had a solid gain on it again only to see that go back to flat and red a little. If it doesn’t have any follow through next few days will use strength for exit.

AI put on small today – nothing much see if follow through – if so I’d scale.

IBRX joined today big picture idea

PFMT may be time to think about re adding from some of those sells into the parabolic move from that swing $1.8-2 range.

VLON inching – see if turns into anything have position.

VIH watch with COIN and rest today.

Staying Familiar: