Week in Review: May 3-7, 2021

by | May 7, 2021

I hope you guys are making the most out of these market conditions because they won’t last forever. Strong ramps and then solid fades are giving traders chances to get sized in properly and ride the trade most of the day.

Blog sale this week is all 3 of the streaming courses plus an annual IU membership for $2197 and it comes with 2 bonus months. https://investorsunderground.com/s/7w2SV

 

OCGN News

One of the best things about the IU community is everyone is helping each other. A member posted the news and members were able to jump in long before the big run.

 

 

COCP Fade

Nate had his eye on this for most of the morning Tuesday. You can see where he started in and once it failed that $3.40 area for a second time it was a straight fade afterwards.

 

 

VERU Failed Follow Through

Our favorite setup!

 

 

NMRD Failed Follow Through

Same setup different day.

 

 

LEDS Double Top

You can see the double top right at $10.17 and that also was the red/green line. Once it failed the 2nd time Nate started in short.

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Your email address will not be published.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