Week in Review: December 9-13, 2019

by | Dec 13, 2019

This week was pretty straight forward with clean trends that often resulted in big moves. It seems like every trade this week, your idea was right, right away or you should be right out of it. I put several trades in this recap with the scan so you can get a big picture idea of how the IU community works.

CNST Failed Follow Through Momentum

On Monday @Investorslive waited for CNST to begin to fail to start in on his short position. Once lower highs started it was a pretty clear indication this was headed lower.

 

 

AUPH Scan and Trade

@Cuzmane included AUPH on his scan Monday night for Tuesdays trading. He traded the plan he laid out and was giving live commentary in the IU chat as the trade played out.

 

 

GLG Scan and Trade

@Investorslive and @Oddstocktrader were ready to trade the plan from the scan. Looking at the daily chart showed the 2.20 area was the line in the sand and if it broke below that it was headed far lower.

 

 

TRNX Rocket Ship

On Thursday @TraderTexMex was first with the news on TRNX. This was great as it gave several chances to get in before the big move instead of making it almost instantly.

 

 

FTSV Scan and Trade

Friday was a gift with several large trades. FTSV had shorts covering on Thursday before it faded off. The plan was the same for Friday . It ramped a couple of times allowing members to re-add shares they had already covered.

Another great week in the books. Please reach out if you have any questions or are thinking about joining the IU community. [email protected]

 

 

 

 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market – 8 Practical Tips for Traders

Adapting to the Market – 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success – Nate Michaud on SimCast

The Process Behind Trading Success – Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....

Day Trading Course