Week in Review: January 19-22, 2021

by | Jan 22, 2021

These weeks are speeding up I swear. Tuesday becomes Friday in 4 hours it feels like. So many small caps running that as soon as one ends it is right on to the next and again after that. A lot of new traders are frustrated that they aren't catching every move but once you step back and realize that if you only catch one or two, you have made your week or even your month. Short biased members have done a good job of not stepping in front of these freight trains trying to guess the top. Better to be .20-.30 late than $2-$5 early.

I don't have anything specific for the blog sale this week. Reach out to me ([email protected]) if you are wanting to come on board and I will get you a promo on whatever bundle/membership works best for you. If you are new to the blog, here is a walk through of the community. http://investorsunderground.com/s/PXvWe/


WWR Momentum

This was just a simple momentum trade with a great risk/reward ratio. .20 in risk for $1.60 in reward. Having such a small risk level lets you use a bit more size than other trades that you might be risking .50.



NTN Momentum

Same setup as above. Knowing there is a consistent buyer and it's former history made this one a pretty stress free trade.



CLSN Short

This is what I was talking about, letting it show you a top to get a solid risk area. If this trade had gone the other way it would have been a very small .10 loss.




A great trade to close out the week. Notice the candles getting longer and longer on the way up as momentum builds.

Have a great weekend!


Submit a Comment

Your email address will not be published.


Day Trading Lessons