Week in Review: June 14-18, 2021

by | Jun 18, 2021

I was on vacation last week and really didn't keep an eye on anything with the markets. Was glad to come back Monday to see nothing had changed and was ready for another crazy week.

Sale this week is a quarterly IU membership for $597 and I will add in our Textbook trading course as well. https://www.investorsunderground.com/checkout/?product=9&promo=ELITEQ  Just email me once you checkout and let me know your username and I will add Textbook to your account. [email protected]

 

CRSR Tracking

I get asked daily if we use discord for our chatroom. We don't. Our chat was built from the ground up to make it the most user friendly and feature laden room out there. With all of the wild moves in the Wall St Bets names, our IT guy Max built an algorithm to track the most popular tickers on WSB, Twitter and in our own chat. You can drill down to different time frames and know what names have the most eyes on them. This was a huge help in several trades this week. Here is a screen shot of how it looks.

Nate used it on Monday to get a trade going on CRSR.

 

 

MEDS Trap

Nate laid this idea out on the Monday night scan for Tuesdays trading. Ended up working perfectly.

 

 

APRE Fade

This is the difference between being spoon fed alerts and actually getting a running commentary as the trade plays out to learn for the next time it happens.

 

 

APOP Failed Follow Through

Are you guys getting sick of me posting this setup yet?

 

 

UTME All Day Fade

Nate started into this short on Friday figuring that it would settle back down to levels around the previous close. Worked out great.

Have a great weekend.

 

 

 

 

1 Comment

  1. This excellent and very helpful, tyvm 💰

    Reply

Submit a Comment

Your email address will not be published.

Related Content

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...

Trading Mindset: Setting Yourself Up for Success (Interview)

Trading Mindset: Setting Yourself Up for Success (Interview)

https://www.youtube.com/watch?v=x0zMF4yqs3I Topics Discussed Focusing on Two Stocks Every Morning (Quality Over Quantity) Taking a Starter Position to "Get a Feel" for a Trade Scaling Into Trades Minimizing Losers and Maximizing Winners How to Plan Better Entries The...

Trading Insights from Career Traders - Interview With Nate and Cody

Trading Insights from Career Traders - Interview With Nate and Cody

Topics Discussed How Veteran Traders Manage and Deal With Losses The Role of Discipline in Trading and Life When to Trade & When to Take Breaks Adapting to Changing Market Trends (Figuring Out What Works) Recognizing Your Strengths and Weaknesses What Contributes...

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....