Week in Review: June 29-July 2, 2020

by | Jul 2, 2020

I guess this is the new normal. Things run for a day or two and then fade back only to repeat the process all over again. There is so much opportunity right now that anything that is taking your mental capital needs to be trashed so you can focus on the names that are actionable. This is possibly the best time ever to be trading and an unbelievable time to learn to trade. If you are on the fence about getting started reach out and we can setup a time to chat. [email protected]

 

VRTX Swing

We are mostly known for our day trading but we also swing names from time to time. Nate started into this trade on Friday of last week and didn’t end up covering completely until Tuesday.

 

 

OPTN News

Normally these wire news plays take off immediately but this one needed a few minutes to be seen. This gave plenty of time to start into the trade with a few dips to add in size.

 

 

YRCW Fade

Just a classic example of the trades that are called out daily at IU. Shorting the pops to build the position for the eventual fade.

 

 

 

MYOS Fade

Very similar to the trade above. Reacting to pops and building into the trade. It seems like this trade setup happens about 20 times every morning. Having a game plan and waiting for your entries are key.

Have a great 4th of July weekend!

 

 

 

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Your email address will not be published.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