Week in Review: May 18-22, 2020

by | May 22, 2020

The moderators and members had a really solid week. Another headline driven week so I am going to focus mostly on those type of plays because if that is your style of trading you more than likely had a stellar week. Enjoy the long weekend and reach out if you need anything. [email protected]

 

DVAX News

All of the virus names run on news as well as possible news. This one came in after hours and Stapes brought it immediately to the IU chat.

 

 

MRNA Failed Follow Through

Another virus name that has had a ton of headlines lately. Nate’s plan was to wait until it started to fail and have lower highs to get short. Once it broke through the $76 level it was a stress free fade the rest of the day.

 

 

China News

The news on Wednesday wasn’t about any specific company but more on all Chinese listed companies. Trader530 brought the news that the Senate was considering oversight of Chinese companies and possibly de listing companies that didn’t follow the rules.

 

 

MJ Cures Everything

Late on Thursday came news of researchers saying cannabis could help prevent and treat Covid-19. Stapes brought it to the chat and most of the MJ names took off.

 

 

SNDL Sympathy

Based on the same info from Thursday night SNDL made a nice early run. Member Scott916 was first this time.

 

 

 

 

 

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Your email address will not be published.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