Week in Review: July 31 – August 4, 2023

by | Aug 4, 2023

It is crazy that summer is almost over. There were some huge opportunities on a bunch of different names. This weeks blog I decided to highlight all the short side trades this week.

Blog sale is a quarterly IU membership. http://investorsunderground.com/s/tbKOI/

 

NIO R/R

This was a simple risk/reward trade. 15 cents in risk for $1 in reward.

 

OCEA Key Level

$6.10 had been a key level looking left so using that as your risk makes for a pretty stress free trade.

 

TUP Failed Follow Through

The same setup that I post every week.

 

GNS Fail

Nate originally planned to just make a quick scalp but it is hard to cover when you are on the right side for the rest of the day.

 

NKLA All Day Fade

This gave a nice little pop to start in short and then a few more to replace shares you had already covered.

Have a great weekend.

 

 

1 Comment

  1. giga on August 8, 2023 at 5:33 am

    Interesting I liked the way you break it down and the mechanism behind it

    Reply

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