We’re going to swap over to the new chat room at market close !!
Our chat/webinar will take place at 8PM EST so make sure to check it out !! If it says permission issue just log in and out and you’ll be fine – I will post the chat room in the old chat and when you refresh the page it will be different anyway.
Please post questions below for tonight !!
As always we’ll cover these Qs and then open it up !!
Remember questions should show that you’ve at minimum reviewed new members page and are familiar with how we trade and at best reviewed the DVDs
I like to spend time helping those who really want it, not those who just want to roll up and ask a question on the new members page already answered 🙂
Thanks!
Hi Nate,
Please cover some recent open moves you entered and what you saw in the set-up pre-market or recent history that drove your entry. I struggle with the open and how to play it more often than not perhaps due to volatility and difficulty setting risk. When I do take (small) positions I often feel like it’s a dart-throw or 50/50. I would appreciate any insights into what to look for i.e.- set-ups or is it worth avoiding altogether for newer traders? If so, what is it that seasoned traders see that less seasoned ones don’t?
Thanks for taking time to cover this and, hopefully, it isn’t only me – Justin (Phad)
In momo traders, there is some mention of “hiding your size”. I would like to see if you wouldn’t mind talking about it because it’s not a subject I’m familiar with. Thanks.
Hi Nate,
1) What was the sign on VTL for the up side eod move? I saw there was a stuff 5.10 to 4.92 & no higher lows when you said you like the dips with risk of 5.05
2) If you could give me any advice about reactive trade would be great.. My decisions seems to be a bit slow and makes me miss the big portion of the move.
3) Also when you say I will short the pops, how many cents usually are you expecting from it? I know it depends on the trading range but I miss pops usually waiting for a bigger move.
Hopefully you will not forget to record the webinar Nate, because it will be 3AM in Moscow and probably I will miss it.
Cheers
Onur
When is the new book coming out as an e-book?
I’m not understanding the difference between a stock with a lot of volume and a crowded trade. In my head I’m thinking that means we need a lot of people watching and playing a stock, but at what point does it get crowded?
It would be very helpful if you can write whether you are long or short in addition to your plan as most of us are still in the process of learning your plan lingo. This will be very helpful to all of us, especially new members.
Hi Nate. How has using VWAP changed the way you trade? I bought MOMO Traders at T4AC. Excellent book! When I read your chapter in the book you comment on not using technical indicators. I know you recently started using VWAP. Just wondering what you think about it and how it has changed the way you trade.
ACI short. Several weeks ago you shorted ACI. I was surprised because you made is a swing short trade. You said you were going to hold it overnight and mentioned it in chat. What did you see that allowed you to swing it short?
Question relating to failed follow through momentum, do you typically look for a gap down and wash., like ZINC yesterday
I know sometimes those failed follow through base and ramp back up, anything specific youre looking for?
Q: When you see a stock setting up do you have a checklist
you go through in your head of different variables that also have to be aligning
in order for you to take it, like the stock loooks like its bottomed then does
1,2, 3, etc things have to happen before you will take the trade