This year is shaping up to be a banner year for a lot of traders. Some people that got into trading at the start of the pandemic have struggled because the buy anything and watch it go up isn't working so much anymore but if you were able to adapt then I am sure you had a great year.
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LCID Failed Follow Through
This ticker has been a great trading vehicle for the last few weeks. You can find these setups everyday and while it doesn't work every time, the risk/reward is so much in your favor that one or two a day and you can build your consistency.
You never want to fight momentum. Join trends and ride them until it breaks.
This isn't as clean of a failed follow through but you can see how each pop immediately failed and kept that trend for a few hours.
This was a pure risk reward trade. $1.50 in risk for $9 in reward.
PFE Starter Size
I have talked a lot about how Nate uses a small starter size and then adds once it confirms. This is a perfect example.
Have a great weekend.