Week in Review: October 31- November 4, 2022

by | Nov 4, 2022

A tad slower than normal this week. Price alerts were a huge help this week as names were moving without many eyes on them. I spoke to several new traders this week and each one asked what is the secret to trading. There are no crystal balls and no magic indicators. The secret is risk management. If you have two trades for the day and you make $100 in profit on one and lose $20 on the second, you had a great day while only having a 50/50 win ratio. Don't get involved with trades that you can't find a risk area or that would risk killing days or weeks of profitable trades.

Blog sale this week is a quarterly IU membership for $597. http://investorsunderground.com/s/tbKOI/

 

ENSC Fade

Nate brought up that there was a possibility that some warrants could be converted right at the top level and then went into deeper detail during the morning broadcast.

 

SOFI Exhaustion

Nate called out the second exhaustion levels on this for members that didn't catch it the first time.

 

AMD Short

Emil shared his plan to short AMD after the initial run up after the open.

 

LUMN Short

You can see in the last few charts how the trend changed around 30 minutes after the open.

 

Friday Morning Broadcast

Have a great weekend.

 

 

0 Comments

Submit a Comment

Your email address will not be published.

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...

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....