• SENS look at this from orhs from last week up 44%, that’s an ep on study data, if you have a small account these are the stocks to trade, higher ADR lower cap stocks.
• AMC still short from two days ago and yday adds, may add more if it loses that 42 area. AMC bounced off the 10day and closed way off the lows and had a little bit of a wick so we’ll see. AMC for now getting rejected on the declining hourly 10ema. AMC kinda middle of the range, kinda building hls on the 60min for three candles now, if it takes out the highs I’ll cover it.
• BB too I may short more if it starts losing yday lows, but they could very easily bounce also. If they close strong I’m not gonna hold them over the weekend, if they close like this or lower then I’ll hold them, unless they go down like 30% then I’ll cover. BB yeah it looks weak if it loses the 10day next stop would be the 20day 16% lower. BB showing rw to all the others. Tried to break below the 10day/hourly 65ema twice now.
• CLOV I really wanted a gap down to like 12s or so, but getting a slight gap up rn, but I hope it keeps selling today I wanted a big mean reversion play but rn I don’t think it’s down enough. I don’t want something 2/3* I want that 5* trade. CLOV bouncing now.
• SNAP trying to go, would have been better if it had a tight day before.
• NOVN could be a potential ep, I generally think these biotech EPs are kinda difficult but it does look good, kinda a neglected stock, gapping up on huge volume, already traded its float. Traded 2x the float now but already took out orhs. Almost 4x float now not bad. Omg what if it actually goes to 25 today, this was like perfect and also look at what it did, gapped above this MA, so many people they call out these EPs that gap up into a declining MA then they fail, this is very important, it actually gapped over that MA, tested it, held it, and took out orhs, and you had this enormous volume out of the gate, by the time orhs trigger it had already traded 10x avg daily vol. I don’t know anything about the news is it significant or not but the volume tells the story; if it gaps up, volume is big, and takes out orhs you better pay attention. And it’s a low float.
• PLTR setting up, fmds so the 20day can catch up, looks like it’s finally ready to go on both the daily and the weekly, I’m gonna start watching it.
• ACTC, made a big linear move up almost 50% in a couple of weeks, and now it’s been digesting the move, very orderly and controlled, and this stock previously has proven it can move, even though ADR is below 5% this thing can go, previously was up 175% in just a couple of weeks, that’s always a good sign when a stock has made a big move previously, then you know it can run versus all the other random stocks out there, you wanna be in the fastest ones not the losers.
• AFRM is one of these bottom flag setups, not the most explosive one but it’s made a nice move off the lows about 40% in a few weeks, pulled back a little bit found support on the 10day and now it’s trying to break this flag, not really a great flag I’d prefer a fmd of sideways and tightness and the 20day to catch up.
• If you’re in a plateau and especially if you’re not profitable yet, cut away the sh*t that doesn’t work and do more of what works, and rinse and repeat, and boom profitable in no time, easy peasy.
• Commodity stocks are generally more mean reverting than growth stocks and other sectors.
• TGLS looks great, beautiful setup, ADR 8.6%.
• FUTU setting up here, I think it’s gonna make a big move, it’s so coiled looks great on the weekly, daily needs a fmd, gonna make a big move once it breaks out of this base gonna double, no doubt in my mind.
• RCON had a great setup here [19/4/2021] that’s a 5*, can’t get better than that. Similar to LEDS, you hone in on those, especially those micro/small cap names they can 2/3/4x in a short amount of time, you’re gonna get your first million very quickly.
• MOXC three days ago here was a good entry [8/6/2021] didn’t have much juice yet but was a beautiful setup, 4.5*.
• UXIN down here was a very good setup, you sell partial and you trail the rest with the 10day, here’s why.
• BYND I do like, this thing is still building a flag, looks ready, if it can close like this would be a 4/5* setup, looks like a very powerful flag, made a big move, now it’s been going sideways and tightening up.
• MDJH, yeah very thin but for those of your with tiny accounts this thing looks pretty nice, is pretty much a 5* setup.
• TSLA there is a trade coming but unsure what direction yet, it hasn’t followed the strength of the other ones NIO, LI, XPEV, these have all gone up like 50/70/80% in the past few weeks and TSLA hasn’t rallied at all, so my bet is it’s gonna take a leg lower, but it’s still inside of a range.
• I have drawdowns that last 3-6months every single year, it’s a feature not a bug, this is nothing out of the ordinary.
• On regular breakouts I don’t wait for volume, if it breaks you buy it, an if it has enough avg daily volume you don’t have to worry about volume. On EPs, volume is key, you want to see big big volume, either in pm or if it doesn’t have a lot of volume pm, in the first few mins after the open.
• It’s hard to get bearish on the markets when things look like this. SHOP so coiled, AMZN look how it found support on the rising 50weekly, AAPL been building hls for a long time. MSFT been strong for a while, look at the move, what a move, bull market baby. Imagine if you had listened to all these stupid bears calling for the end of the world and market crash and blah blah look how many stocks have made these types of moves.
• I have no problem trading biotech stocks, they’re just been kind of a dead sector over the past few years, 2010-2015 biotechs were really hot then you know just look at the indices XBI and IBB. There just hasn’t been a lot of opportunity in the biotech sector, even if you look at some of the larger caps like BIIB made a huge move 2010-2015 and since then nothing, GILD same thing, REGN made a huge move also, JAZZ went up 22000% 2009-2015, bear markets create such opportunities it’s insane.
• Successful trading is more about cutting away all the useless things you’ve ever learned or heard, bc most of the things people learn about the financial markets is useless, totally useless, if you can unlearn those things you are on the right path, and the more useless things you can unlearn, you can become incredibly wealthy.
• You can’t sell simple, people want complexity, bc many times people don’t believe that simple is the best answer. I read about people in different sectors of business and it’s really the same things over and over.
• AMC, BB those are the trades you live for, that’s the only reason I still trade, otherwise I would have put all my money in a balanced portfolio and done something else with my life. I want the big ones, the big winners, so satisfying, it’s like a treasure hunt, such a fun feeling when you catch something, especially when you catch something with big size, size matters really does.
• Do you know why so many traders trade the same setups? Bc they work, and they have for 100+ years, Livermore traded the same setups, now obviously diff setups work in diff market conditions, you’re not gonna get htfs in a bear market, you’re gonna get a lot of bear flags that have follow through.
• You can be a moron and make tens of millions, but you can’t be a super moron, there’s a difference. you can have a little bit of a margin of error, you can f*ck things up, I f*ck things up all the time and I’ve still had really good returns over the years. That’s the great thing about having a big edge, if you have no margin of error in your trading it means your edge is too small. That’s why it’s so important to focus on the stocks that make big moves, bc you have a bigger margin of error.
• There is only a few types of setups, range breaks to either the upside or downside, mean reversion, there’s very few basic types of setups. Buying a dip in an uptrend, shorting parabolics or over extensions, buying or shorting range expansions or buying or selling in a channel, those are the types of trades you can do, on the daily, intraday, weekly, etc. And then you also have the algo/MM type of trading sitting on the bid/ask trading spreads etc but you can’t do that as a human anymore it’s too fast.

#ep #earnings