Nice long weekend for President’s Day!
I have a busy few weeks coming up, busy on Wednesday with some real estate stuff.
I hope I am wrong, but I have that ‘feeling’ that small caps may start to settle a bit. They’re running out of China names to swipe up 200-500-1000%, but again, I hope I am proven wrong. Things can start to get a bit choppier if things do slow down and not so lights out as it was last week.
HOLO turning into a perpetual squeezer.
SMCI is either a really AMAZING subject or a really bitter subject for many. I’m not going to spend much time on this weekend’s scan discussing it because all of you know what my bias was leading into the week and what my goals were on Friday alongside the real-time entries. So, I don’t want to rub salt in the wounds, nor do I want to take another victory lap.
Whatever the case – there’s really only one way to handle it that makes sense from a career standpoint. Reverse engineer the hell out of the trade. What could you have done better? What did you do right? What did you do wrong? Did you fight it on the way up? Dissect the hell out of this thing. This WILL help you on the next one. It may be a LONG time, but as you saw, the preparation on my side, comparison to the TSLA move (literally the same move), and understanding of the magnitude here in relation to GME, TSLA, and even MARA the first run, etc.
These are the case studies. These are the trades that set you free. If you’re frustrated you missed it, you won’t improve for next time. If you use your time wisely this weekend, that NEXT trade could change the trajectory of your career forever. These are the level-up trades, and as Phil said this weekend in his tweet – this is EXACTLY why we do it. Those opportunities when all the stars align.
I have a few more on “Staying Familiar” just to see these breakout charts, and if they speed up, we may have some nice opportunities.
Giveaway Winners:
- @timothyvanvliet7802
- @extremelyjosh6837
Video Scan and Game Plan
Stocks to Watch
NNOX caught shorts off guard with an old filing, everyone came to same conclusion stuck around and got popped on Friday. Perfect. Ideally hangs around and gives even a better opportunity but in the event it doesn’t looking for pops vs. recent highs.
LYFT nice idea – and great short entry Thursday and game plan Friday on this one. Ideally any good shove for break out attempt stuff and fade.
SMCI have to be aware of NVDA earnings but I’d imagine we have a great trade setting up off open flush $750-780 for $850s + rally. Don’t FORCE a trade here. Big action off open then likely consolidates like ARM for a bit.
CLSK clear soak on each dip last few days but BTC came in a bit so far this weekend. Watch with peers.
Failed Follow Through:
GXAI nice entry Friday – great failed follow through any rips vs r/g is ideal
HTOO higher better for back side
BTAI failed follow through post squeeze out of the shorts anticipating offering
CCCC ideally clear out and fade.
Continuation:
GCT steady squeezer but no real interest in long – just monitoring the move.
ZJYL thoughts are same here nothing to chase but I am really zoning in here with the thought process that it makes more sense for them to let time pass do the forward split they did and turn the paper they have into a TON more stock after forward split – create a trap walk it up and then do the usual. We’ll see. Feels like trapping is in progress.
Staying Familiar:
0 Comments