Hope everyone had a great Independence Day holiday! I took a 4 day weekend myself, and of course missed some pretty good trades on Monday, but good to rest and reset. As promised, here is a live look at the TD Ameritrade account on day 1 of the 4x in 4 months challenge:
I will be posting P/L @EdBarry4 on twitter and sharing my progress in the monthly webinars. Please reach out with any questions along the way.
IMBI looks like the most interesting ticker this morning, low priced but has a tight spread and plenty of volume so we’ll see what it can do after open. Longs on dips only unless it gets really carried away but by then TD probably won’t have shares.
VINE I’ll be keeping an eye on because it had such a nice run on Monday but it looks like it’s just going to fade from here, gapping down 20%+ (See Feb. 2, 2023) but maybe it just needs to consolidate a bit before another push.
MOBQ another one in this low price range that I would rather avoid, but between this one and IMBI one of them will probably be worth a long. News is a fluffy PR that doesn’t really matter imo.
GOEV is still chugging along on the rebound. Ideally it will speed up and offer good longs or start to fail and offer a good short. I think the latter is more likely.
CGC had a big run on Monday as well as VINE, but from what I’m told the spread was wide and it wasn’t a great trader, at least for the way I prefer to trade these. Either way, big volume, big move, worth watching for continuation today if it can go green.
SMX again low price, ugly chart but it has a decent gap to fill if it can push over 0.20ish with volume. I think IMBI has the best chance of these really cheap ones, but have seen a couple nice gap fills recently.
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