Scan for 09/18/18 From Nate

by | Sep 17, 2018

So QTT nice gap — then total unwind I do wish I borrowed it but I didn’t. Very happy I took it off radar because those are the type that people just average down and down and stay heavy all day and end up blowing out. One day I’ll get short and add add add truthfully though I just get nervous of a rally back on a thin name.

Today despite great scales on AMD it was super super frustrating every time I was up major that was it – had about 3 candles to decide to size out or not and then rally back on average and decide to be stubborn or size down. So three times I sized up for unwind was up a ton sized back out to be safe and rinse repeat. This is what happens when you’re trading a market related name when it has a steady contained trend. Blah – just fortunate the trade worked out but tired from the day — and we don’t need to talk about the .50 cent fade after hours either 🙁

Because of AMD today I went into tunnel vision and didn’t really trade much else.

NBEV very nice trade guys – perfect ABCD set up I did a video on this review it vs. NEPT and see how one worked one didn’t but the risk/reward was some primed on both. Ramped after hours I think it needs some more shorts though. Ideally traps and then rally on.

CVM nice rally back — be nice if it finally takes on 4-4.50-5 + from the swing idea.

NIO volume tiny compared to prior days we should have a gap down and reversal in a perfect world. If not more comments in hte room.

TNDM higher better $42 + is ideal then fade $38-35 is ideal

AMD yeah I’ll probably trade it tomorrow – plan pre market / post open.

AWSM weak open $6.50 guide $6.80 trigger this could have second day.

NVTA secondary move continues – that Friday trap was super difficult to make it past but likely has another few days of squeeze out. Looking to join trend as long as it wants to hold over VWAP

CGC thinking weak open but probably press on $50 + again

GEMP $2.50 is trigger more than likely but for now still working in the swing account

PDD definitely frustrating — I’ve traded it really well the first day was a nail straight up $2-3 — next day $4/share — today $3/share from entries. You think I’d be happy — but no, I have a core so everything I’ve made on the good entries is getting offset by an over stay (somewhat) overall still ok trade but I did not anticipate having to flip it so many times. Incredible. I talked to one guy in chat today — remember my goal was to buy weakness Mon/Tues and then swing it — if you are add add adding and not taking any off every time those adds are up $3-$4/share you need to be cautious. I’ve suggested into the last 3 ramps to take some off any adds etc b/c who would have expected big moves that fast. So please – stay safe. Don’t just hold to hold if trade is not working.

1 Comment

  1. Dude I f…ing hate AMD but for some reason it keeps ending up on my screen.

    Reply

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