I wanted to do something a bit different this week. With so much movement in the market it is impossible to keep everything on your radar. Surrounding yourself with experienced traders means you are getting a constant stream of different trading ideas and news. Many cocktails will be given at the Traders 4 a Cause conference as thanks to the moderators and members of the IU community for sharing their ideas and helping everyone take advantage of these market conditions.
ON Monday @TraderTexmex shared his plan to get long on TMDI. His thesis was this could catch because of the run TOPS made last week.
People new to the trading world need to see the difference of chasing alerts and trading with your own game plan. Nate shared his plan to get long on TLRY if it continued to hold VWAP. Even if you didn't trade it, watching these plans and trades pan out in real time is a great learning opportunity.
A lot of companies are in search of capital to keep things afloat. Getting the news first is the difference in having enormous days and watching from the sidelines. Thanks to Amp_trades on this one.
LK Accounting "Error"
On Thursday LK announced that it was looking into issue regarding past financial statements. @Donaldkey posted all of the news showing what a disaster the company was looking at.
Just another example of trading with a plan and learning vs chasing alerts. Nate shared his plan to short APA during the pre-market broadcast and then gave a play by play on his plans and the eventual trade.
I hope everyone had a great week. Short week next with the markets being closed on Friday. If you are looking to join the IU community, shoot me an email. [email protected]