Week in Review: June 12-16, 2023

by | Jun 16, 2023

This week was all about pro-active sells or covers. You are on the right side of the trade and if you aren’t locking in profits along the way you probably had it swipe back on you and watch your P&L go to nothing.

Blog sale this week is an annual IU membership plus I have added 2 bonus months as a bonus. http://investorsunderground.com/s/Zp2Cz/

 

ASST PR

DC posted this PR and it was nice as it took several minutes before it really took off.

 

SILC Failed Follow Through

Nate shared his idea to get short but with a plan to bail if the $3.20 level firmed up.

 

AUVI Failed Follow Through

Same idea as the chart above.

 

WORX Short

Nate had shared his game plan for this trade on the morning broadcast. Once it started to show exhaustion it was go time.

 

SPCE Guide

As long as this stayed below $5.90 there was a good chance this would fade off.

Have a great weekend.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

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...

Day Trading Course