What a wild week. 1,000 point swings up and down everyday. Virus names going crazy and travel names going down the tubes. While most mom and pop investors are not sure what to do, this is the stuff day traders dream of. We are right back into the members having their best days and weeks ever. If you don't have a lot of trading experience this is the time that you can get a years worth of exposure in a month or two. If you didn't see Nate's post on Monday this is another great read. https://www.investorsunderground.com/what-is-boxing-a-stock-the-best-trading-day-of-2020-trade-recap/
Monday started off nicely with Nate starting in short expecting a fade prior to the open. An offering was announced and the trade was wrapped up long before the open.
APHI Price Alerts
We are always trying to improve the website for our members and try to offer tools that really help everyday. One of the new features is the price alert notifications. After you review your scans from the night before and set price alerts for tickers at any level you want. There is simply too many tickers moving to keep track of all of them. They will let you know when these tickers hit your levels there by keeping them on watch without burning any mental capital or screen real estate. APHI was a perfect example of how you can use the alerts.
NVAX Scan and Trade
Not a ton to say here. Just a well laid out plan and execution.
One of the most frustrating things this week was making great trades but also seeing them go much farther that you ever anticipated. Although frustrating it is just a fact of trading. Jon Najarian covered it last night in his interview with Nate and Cam, saying that everyone talks about having the discipline to cut losses quickly but you also have to protect profits with the same vigor. Leaving money on the table is a lot better than watching what was a green trade become red because you didn't protect your profits. There wasn't a ton left here but I just wanted to touch on the subject with the range we have had in the last couple of weeks.
If you are a news trader then this had to be one of your better weeks in history. I loved the team work on this one to let everyone know there was a PR and then other members working to get the substance of it to the chat.
SPEX Momentum with PR
Another day another virus PR. Great risk/reward setup by @TraderTexMex. .14 in risk for what turned out to be a daily double! Notice that he didn't buy the initial breakout. He waited for it to dip and hold to start in long. Great lessons to learn.
I hope everyone had a great week. Get some rest as you know we are in for more crazy days next week. If you have any questions, reach out to me. [email protected]