Dave Cobb

6+ Yr Trader | Breakout & Swing Strategies | Equities, Futures & Commodities | Trading Journal + Market Insights | Not Financial Advice |

[Dave Cobb @BuiltByTrading]

Weekly market prep:
I am not trying to short this tape.
SPX is strong.
Nasdaq is strong.
Equal-weight QQQ broke out of a large base.
RSP is pushing toward/all around highs.
That is not the tape I want to fight.
The focus this week is not "find the top."
The focus is:
Strong names
Pullbacks
Retests
Higher lows
Clean places to define risk
My main focus list:🧵👇 $TSLA $CRWD $CRWV $IREN $SMR $NBIS $ANET $ASTS $RKLB $LUNR $PL $HOOD

[Dave Cobb @BuiltByTrading]

@NickSchmidt I had 4Ls in a row this week too. Signal right there. Should have noticed it sooner on my end

[Dave Cobb @BuiltByTrading]

@SRxTrades Those who last will be the winners long term

[Dave Cobb @BuiltByTrading]

@ZaStocks Or they sold yesterday or earlier

[Dave Cobb @BuiltByTrading]

@NickSchmidt I'll be one of the last ones left with you

[Dave Cobb @BuiltByTrading]

@valerijatrades1 should have doubled and bought $12

[Dave Cobb @BuiltByTrading]

@mwebster1971 Rips.

[Dave Cobb @BuiltByTrading]

@alphacharts365 I'm confused on why there aren't any screen shots of massive gains today

[Dave Cobb @BuiltByTrading]

$QQQ
Tagging the 21 EMA for first time in a while. Area of interest for potential bounce

[Dave Cobb @BuiltByTrading]

$HIMS
Why is $HIMS circulating right now? What do you all see here? I see a beaten down stock under the 200ema still with a ton of potential OH supply. Must be a long term thesis thing?

[Dave Cobb @BuiltByTrading]

$DDOG
13.5% pullback from high to low in three days. Seemed like the POG of 244.62-239.15 was testing and holding. Also tagging the 8ema. Trying to find a risk managed way to get involved with a hot name. The selling at EOD does not give me confidence with this one, paired with the $NQ selling over night. We will see where we actually open.
Long: 245.38
Stop: 239.14

[Dave Cobb @BuiltByTrading]

Reminder:
Non Farm Payrolls and Unemployment Rate numbers in the morning.

[Dave Cobb @BuiltByTrading]

@wey_how12640 No need to thank, but you are welcome

[Dave Cobb @BuiltByTrading]

I thought stonks only go up? I am confused

[Wey How @wey_how12640]

Stocks don’t go up everyday, keep on calling top and soon you will get your “I told you so” moment.

Digestion, pullback and correction are all normal and healthy in a bull market.

How you want to handle them depends on your timeframe and risk tolerance.

Know yourself.

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
~ Peter Lynch

[Dave Cobb @BuiltByTrading]

@SRxTrades Yup, been watching this go without me. Super strong name. beautiful reversal look a few weeks ago and now a strong trend. Definitely a place to be and watch

[Dave Cobb @BuiltByTrading]

@wey_how12640 Dips will be bought $NDX

[Dave Cobb @BuiltByTrading]

$HOOD
Is the REALLY a good idea...?

[Robinhood @RobinhoodApp]

Robinhood has lifted PDT restrictions.

No more $25K minimum, no more flags. Happy trading.

[Dave Cobb @BuiltByTrading]

@TimKotzman sounds dangerous

[Dave Cobb @BuiltByTrading]

@AlexFinn Sick, super excited about this! thank you!

[Dave Cobb @BuiltByTrading]

@asymtrades @elonmusk That he does

[Dave Cobb @BuiltByTrading]

@AveryDaye what a minute... are they referring to the "party" video that was circulating around of Rubio being a DJ???😂

[Dave Cobb @BuiltByTrading]

@asymtrades look at that base. will be great when/if it can break 350 and hold