Trading Bum. Bond and Volatility Guesser. Go with the flows. Everything is a cycle. Politically moderate, leave your tribal cult chatter on your own feed.
You need LUCK in life and even in trading to get to where you want to be
Thing is you determine your chance of getting "lucky"
When you stay in the same place, your probability of a lucky event is limited to:
-The people you know
-The places you go
-The ideas you already have
Your opportunity window is fixed.
When you start to take action:
-Take risks
-Step out of your comfort zone
-Expand your network
-Get active on social media
You are giving yourself a bigger chance of eventually get that 1 opportunity, that changes everything.
The truth is most successful people got lucky
BUT
They made their own luck
Reopening the Discord for the 4th of July
100 spots available...
Access to:
-Daily live trading
-All my entries and exits
-Educational streams
-Trade reviews
You can use code: July4 | 30% off FOREVER
https://t.co/FJLvLJHdxz
The hardest markets I've ever dealt with are not actually the bearish environments
A trend is the one thing that helps you increase your probability in trading...
BUT
Choppy markets can really get you
They give you a false sense of security over and over again, presenting:
-Good enough opportunities
-Lure you into thinking a new trend is going to start
These type of conditions chew you up and spit you out..
Why?
Because you are inherently limiting your risk to reward
In choppy markets stocks don't tend to move much, hence the choppy nature of consolidation
If you can cut out your input in these type of markets
Not only will you SAVE yourself from unnecessary drawdown
BUT
You will be mentally prepared to take advantage of the next trend
Solid start to the month
Had some incredible positions going into the begging of the week that I had to give up
-Round tripping some gains
-Breakeven stops
Knowing when to rotate into strong stuff like biotech and short weakness definitely helped
Not perfect and always striving to improve
Should see some great opportunities in the coming weeks
One of my favorite short setups..
First loss of the 21 EMA in a strong
$MU has held the 21 EMA perfectly on this uptrend
Yesterday was the first close below it
& today when it went green to red and broke under the 21 EMA, I took a stab at a short
Quick scalp down to the $1000 level
Good way to hedge the long side of the port
$PENG
Setting up in a beautiful high tight flag base...
PENG builds and manages AI infrastructure for enterprises
Weekly 8 ema starting to catchup...
break over 68.39 is the spot to get it moving
$AOSL
Setting up in a big daily base right off the 50 EMA
Accumulation volume patterns in the base
Makes parts that help convert, regulate, and deliver power inside AI servers, accelerators, and data centers
Break over $49, gets it moving...
$KEEL $NUAI
Both of these names are setting up in incredible weekly bases
power + land + data center
Incredible strength as of late
Both look ready to push higher...
In a strong trend the weekly 8 EMA can acting like a "magic" support line...
Perfect pivot on $BE right off the spot and now making new highs
A ton of stocks shaping up in the same exact way going into the summer...
Focus on the leading stocks that are setting up into the 8 week EMA
$GLXY
Setting up in a massive 5 year base...
No one is really talking about this name which makes me think it can explode
Data center theme
Break over 36 is the spot...
$OUST
Setting up in a beautiful daily base right under the prior highs..
People are starting to realize that robots need eyes (Sensors)
Break over $48, gets it moving...
$ALAB
From $130-$420 in a few weeks since posting about it...
This is why I pursue big weekly bases in the best themes/sectors in the market
Many of these names just getting started
Train your eye to look for:
Catalyst + Theme + Big weekly base
$VELO
One of the best looking weekly charts in the market
setup right under the big $30 level...
through that and it can double
makes parts for space x & Anduril....
what happens when Anduril announces IPO?