I hope everyone had a great weekend.
Couple announcements:
- T4AC just about sold out
- T4AC meet up August 25th!
- Boston Bootcamp (Jack & Clover has invited me to speak)
Last Sunday video UTME discussion – down over 80% for those who showed up and listened.
Week in Review:
Big action last week – countless opportunities and tons more for next week. For the last few months on Sunday video, I’ve been talking about how I am letting trades come to me vs. using my energy to push on low-quality trades (which never ends well). I haven’t been chasing any money this year and just really showing up, seeing if there are A+ or similar in my wheelhouse, and if not, focus first hour + and really sit on my hands and not force anything.
The last few weeks starting to heat back up as far as when it’s time to press and go for it. The last few weeks have been lights out off open from broadcast ideas – just one layup after another.
If I smash it off the open and get past $X I have been really risk-averse and letting things add up. I don’t typically trade for a daily goal but more often than not if I smash off open and I’m over $X I end up slowly giving it back through subpar trades so it’s one of those things is it worth losing 50% of your day to make 10-20% more? Maybe? maybe not? What happens more often than not when you take subpar trades? So, for me, if it’s been 85+ I am trying to get those days in and continue to work on getting off the desk after power opens.
Video Topics:
The concepts we talk about every Sunday continue to work so not going to repeat. If you’re showing up, now is the time to shine.
Small caps are crowded right now ie: GFAI etc
When big gaps trade like small caps that’s where it’s at.
T-Shirt Winners:
- YT – kylerogers6795
- YT – bullbeartrader5372
- Twitter: JunkStockTrader
What I love seeing:
-When everybody is in agreement/conviction in one set up, there is an opportunity to learn to add another set up to add your arsenal.
-In this type of market, the goal of preparing nightly watchlist is to stay tuned in what is happening in daily time frame.
-Small gains add up. https://t.co/hqsdBhYEnj— Reza (@mrnajafij) July 16, 2023
Drawing comparisons on $NKLA and $MULN.
Failed follow through on $IONQ and $NVDA and using lines as a visual reminder of sizing.
Don't be lured to go back to the well after a home run. https://t.co/u8LfCOkqsy— odie (@0dteodie) July 17, 2023
T4AC Reminder:
As expected early bird tickets sold out in a record 27 minutes this year.
We have about 15 tickets left of ~ 250 attendees of the event.
Use the link above to secure your spot. You want to be in the room with these like-minded individuals. It will be the BEST decision made in your trading career to level up and get the proper rolodex when you need it to get to where you want to be.
Video Scan and Game Plan
Stocks to Watch
AMC major move after hours – I’d be looking for a reactive trade off open and then less size trend join later on if it starts to go sideways MOVE ON as you’re one headline away.
GFAI higher better for back side – very nice trade on Friday ESPECIALLY noticing how trappy it got and staying CLEAR of that.
RIVN big time clear out and unwind Friday – worked so perfectly. Ideally same – we should have a number of trades left on the basket given: RIVN PLTR IONQ U UPST AI CVNA etc.
Failed Follow Through:
NKLA higher better for unwind trade $2.50 is still key – as suspected w/ the volume likely hangs around longer than you think. Then when you take it off radar it’ll tank to $1.70-1.80. Goal here is to keep it on radar and be able to participate in that.
DWAC killer opp on Friday – higher better for back side.
PSQH morning shove for unwind is ideal.
KSCP higher better for back side.
EVLO higher better for back side.
Continuation:
BGLC eyeing in case stays trappy and T+2 move Tues/Weds given Network1 involvement – if it doesn’t stay trappy then forget it.
BBIG let it run – staying on watch for fade day.
CLEU still monitoring for next UTME – all wash volume there is no REAL market here.
Staying Familiar:
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