Week in Review: May 2-6, 2022

by | May 6, 2022

It feels like we are back in the middle of 2020. Volatility is back and the trading conditions are amazing. It is more important than ever to get rid of the “see what it will do” attitude. There were several tickers that could have ended your trading career if you let them this week.

Blog sale this week is a quarterly IU membership for $597. https://www.investorsunderground.com/checkout/?product=9&promo=ELITEQ

 

VERU Fade

With the range currently, even if you are late you can still have a very nice trade.

 

 

NUTX Exhaustion

This one didn’t take long to work out.

 

 

SQQQ Fade

Much like the failed follow through setup, the entry point became the resistance before the big fade.

 

 

CYN Late Day Fade

I Just wanted to share Nate’s comments and thought process on this trade.

 

 

SIDU News

Champ brought the news to the room and members were able to ride it up and then flip to the short side after the exhaustion.

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Your email address will not be published.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