• QQQs, I do think a pullback to the 50day would be a very good thing. This could very easily be the start of a bigger correction, every time the market has a downtick it could be the start of a big correction, but most times it isn’t so we just have to follow our sell rules, it’s all we can do. But one thing I’m not gonna do over the next few sessions is look for breakouts, there are pretty much no setups rn, I think we need to digest the next few weeks.
• Remember this is a time when the markets are soft, this is when you look for stocks that are holding up well. Like SNAP is holding up really well compared to the overall indices, look at this SNAP what a beast, just sitting just below aths. The best of the best you just can’t keep them down, they just bounce back right away, this is why you gotta be so careful of not selling stocks that are still above the 10/20day, you gotta sell the ones that are violating support levels.
• TSLA, got stopped out, sold half yesterday and the other half today premarket.
• ASAN yeah it’s had a big rally and the market is soft, I don’t think there’s anything special about this ep. The best EPs are the ones that are breaking out of big bases on big surprise. I haven’t looked at the numbers I just know they have 55% rev growth, but if it had a big surprise and big guidance, could be buyable, it’s just breaking out of the ipo to new highs, I would have preferred this thing not to have this run up into earnings.
• MRNA I shorted a sh*t load yesterday, guys this is technical analysis, basic technical analysis, you see this break of 162, I had 85kshares, I was up 1M in like 20mins on it, then it had a big bounce so I didn’t end up making 1M on it, but I was up 1M in 20mins that was pretty intense. So I held a few over and added some premarket and we’ll see what happens today, I think this thing could very easily test the 20day. MRNA took out lods, let’s see if this thing can retest yesterday’s lows, it’s right at the 10day, if it can lose the 10day this thing can go straight down to the 20day like 16% lower. MRNA looks like it’s gonna stop me out of my premarket adds, it held the 10day, undercut it slightly but built hls on the 60min.
• I think sizing down yesterday a couple of hours before the sell off started, that was you know there’s a reason, with experience you get this feeling, like everyone’s starting to post pnls and bragging on twitter and all these wsb and stuff, when money starts becoming a little bit too easy that’s when danger is around the corner. I’ve been there so many times I recognise the signs, many times I’m a little bit too early or late but this time was perfect. I just wanted to clean up, I had like 24 stocks yesterday, today I have 15, I just cleaned up a lot of stuff, just sold everything that was not acting perfectly.
• LAZR let’s see if this can finally test the rising 10day, still about 17% to go.
• GBTC I think it’s time to sell, I’ve given it every chance, no I need to check the BTC chart first, I think the 50day needs to catch up on this BTC, either through time or through price. I’m gonna sell GBTC bc it now closed both below the 10day and 20day and it’s still keeping lower, it’s a tiny position now I’ve sold most from the 11s entry, but yeah getting rid of last shares here. There is a reason GBTC has premium in it, bc of ease of access, as long as it goes up, but when stops going up then the premium can start unwinding. I think it’s gonna retest the 50day, if BTC retests the 50day, GBTC is gonna test it.
• RIOT is still holding up, it bounced right on the 10day, it undercut then reclaimed the 10day, now it’s still above yesterday’s lows, showing some big rs.
• SELB yeah could be, if it breaks out absolutely could work, what’s the other one RESI, both of these could be setups, RESI needs to tighten up a fmd maybe but yeah could both be setups absolutely, if they break out.
• QS, damn I sold it at the lows, I should have used yesterday’s lows are my stop, not this retracement lows.
• GLSI keeps going, halted again, this thing was up like 2800% yesterday, this squeeze made KODK look like a low ADR stock, I mean KODK was only up like 400% that day. I didn’t do it the borrows would have cost me like 100k.
• PLAY yeah maybe, this is what you’re looking for, you’re looking for a trend, for the stock to find support on the 10/20day primarily and then getting tight on that MA, this is a good setup. But yeah even if it breaks out today don’t do it bc they have earnings ah, could go either way.
• We’ve had so much action over the past like couple of weeks so when you get these slow days it’s almost like you get withdrawal symptoms, you’re just looking for action, like rn I’m going through my random theme watchlists and just looking at stocks, bc I’m just dying to find something, and it’s really not a good thing bc they best trades, they’re gonna come to you, you really don’t need to look for them.
• VIPS, if it can tighten up a couple of days could be a good setup, it’s in a very clean uptrend, it’s been surfing the 20day and if it can go sideways a few more days and build a base here that would be a good thing.
• AI, when you have a company with the ticker AI and the company’s name is C3.AI, you would think this thing would be like a hyper fast grower, like triple digit rev growth, but it’s not, look at the growth on this thing, 6% rev growth and the Q before it was 16%, what a boring company. It had better growth before here it was decent [Q319-Q220], but what a waste of a ticker imo, you would think it would have huge growth.
• I’m spreading the orders to different routes but it still doesn’t help, it’s better with the ib smart algo bc it doesn’t create those wicks, when the price drops too much immediately it waits a little bit. It’s not perfect but it’s way better than using these routes bc it spreads the order out. Smart algo maybe it would sell a part of my position, then it sees all the bids go away and waits like a split second, bc this wick happens in a few sessions, the algos see a big market order they pull the bids, then when my order is done they bring the bid back up.
• I would never have 100% of my account anywhere, it’s kinda nice to have at least two charting platforms, two brokers etc, but let’s say like ib was down a couple of days ago, one of the best brokers when it comes to stability but they were down for the first time in many years, and let’s say I had a position that’s going against me and stopping me out but I can’t get into the platform, what I could do is short that in another account and hedge that.
• You really don’t need intraday scanners, I just like to keep track of what’s moving. 95% of my money is made from my watchlists, the intraday scanning is just to keep myself busy so I don’t get bored, I very rarely trade anything I find on my intraday scanners, pretty much never.
• EDIT yeah could be a short for tomos, especially if it can extend to mid/high 60s today, then gap up tomos, could be a setup.
• Man I wish I bought this XOP etf, had an ep here [9/11/2020]. RIG, just a tiny pos stock, I bought it just in case it double or something, it’s a small position, but gonna be worth it if it doubles.