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Scan for 03/05/24 From Nate

by InvestorsLive | Mar 4, 2024

Nice Monday action!

Solid broadcast AIMD HSDT RNLX INDP all worked well for the round trip ideas so no issues there QNRX short worked well then flipped long at $5 and should have sold all into VWAP ended up giving some back there wish I flipped short on $5.40 exhaust clear level.

MSTR beautiful timing for the $100 fade – on the short given. What’s even more impressive the $100 rally. SE nice timing on the short idea today — that was beautiful. What’s more important that that trade? That level I gave on the rebound to leave alone short side unless below it. Never breached. Save headaches.

The big names I gave this AM to focus were MSTR JMIA CCCC — worked well ALT like CCCC. But truly want a lot higher nothing to go XXXXL on. Yet.

Good day on the big picture ideas – posted my list of over nights. Please do not ask me my game plan for them each day. That’s not what I am here for – instead you can reverse engineer and see that every chart is similar.

I said last night – I am swinging stuff in this market until it stops working. Think like alto coins vs. BTC. As long as SPY melts up for the most part, the rest will continue to swipe up. If they fail move on. Don’t hold bags.

Strategy = same as 2020-2021 where I turned a little IRA into a massive portfolio. Strategy = buy good charts (minimal DD but make sure they aren’t pending a raise etc.) and scale up intraday if trend agrees and then scale back out by close. Or buy and spread across themes, crap names in good sectors that are ripping right now ie: any of the ANY names like the CXAI big picture idea off AI ie: GXAI etc.

Goal is to never go too crazy % wise in IRA as that goal is to build the account with no tax and not screw that up. You don’t want to be too aggressive and then end up in a shit name -50% and kill your tax free BP. I gave a little over 20% maybe close to 30% because I got sloppy with stop outs and/or over sized towards the later half of frothy market. Had I cut things better or stuck to plan it’s likely I wouldn’t have pulled back much in IRA.

Anyway, I will mention all big picture ideas that interest me as I always do – if you see a trade great, but I am not going to post everything I buy nor should I due to the volume on some.

If I chase it’s even smaller with a goal to buy dips. Majority I don’t need to chase if I do it’s a placeholder to watch dips. I write post of what interest me. Just looking for a buyer in the tape and a good chart. If that seems too simple to make sense then don’t do it. Even more simple. There is no secret sauce. Thought is lots of 50-100-200% rippers vs. MOST hold sideways or +/- 10-20% draws. The numbers just work. And, I am looking from a daily perspective, ZOOM out, if you PM me and say “hey XYZ still like long, it just flushed” again, make a plan off daily. Period. Concept is not to watch every second.

If you noticed my OCEA long trade is very similar to the CXAI daily too which I sold this AM.

Main Watches:

SE reactive trade off open 945-10AM+ trend join.