The CascadeTrader

Full-time professional • Part-time Trader • Trading both Stocks and Options🤙🏽🏔

[The CascadeTrader @CascadeTrader]

@PatternProfits you got an imposter DMing people. Just a heads up!

[The CascadeTrader @CascadeTrader]

@smith_dad @JGetzes @mffl70 @StockDweebs You cap your max gain for high probability of success. This is the trade off.

[The CascadeTrader @CascadeTrader]

Long $SNAP stops LOD

[The CascadeTrader @CascadeTrader]

Long $TSLA here w/ stops below significant 700 level and key MAs. Love the accumulation volume the past week.

Trade with the wind in your sails🤙🏽

[The CascadeTrader @CascadeTrader]

Name that ticker!!

This much indecision between compressing KMAs gets me hyped!!

Will be #1 on WL this week

[The CascadeTrader @CascadeTrader]

@Trader182 Your next 5 moves
By @patrickbetdavid

[The CascadeTrader @CascadeTrader]

Favorite set-up going into next week:
$DKNG with an inside week. Love the contraction at prior ATH (green line) and major trend line support.

Long trigger would be break of 64.70

[The CascadeTrader @CascadeTrader]

Long $BLNK
Stops low of this #pocketpivot 41

[The CascadeTrader @CascadeTrader]

@duckman1717 @Rangers Wife and I are moving with our boys to Dallas later this month, excited to finally have a basketball team to go watch again!! (We’re in Seattle now... Sonics😢)

[The CascadeTrader @CascadeTrader]

Management update: $FUTU

Stop set at 2R level 149 on half and other half stops still just below LOD

[The CascadeTrader @CascadeTrader]

Long $FUTU mid 142

🔹Textbook @PatternProfits power of three play

🔹Prior rip with three days of controlled selling into key MAs

🔹Stops just below 140

[The CascadeTrader @CascadeTrader]

@PatternProfits There’s your r/g move!

[The CascadeTrader @CascadeTrader]

@wecoyote13 @PatternProfits It counts in my book😉 haha congrats my friends and let’s see if we can get some traction out of this support bounce🤙🏽

[The CascadeTrader @CascadeTrader]

Super busy with moving and work change logistics so not much time to trade.

Still short $DKNG put and covered $BA short out at 40% capture.

Managed to make a nice $GM day trade turned swing:
Bought piece AM at 57.40
Bought 3x size at blue arrow risking 57.4

Sold 1/3 into close

[The CascadeTrader @CascadeTrader]

$QQQ $NQ_F

Big watch for today and this week. Looking for this short term wedge to break.

No equity positions atm, just holding short two puts in $BA and $DKNG to hit those singles.

[The CascadeTrader @CascadeTrader]

This also demonstrates the need to keep risk small. Rn all position are only 0.25-0.5% acct risk.

For reference- during strong bull trend, risk will reach 1% to even on rare occasion 2% for high conviction plays.

[The CascadeTrader @CascadeTrader]

Last 5 trades:
•stopped b/e
•full stop out
•full stop out
•stopped out 0.5R profit
•full stop out

Full stop = never hit 1R profit
Step b/e = got >1R but <2R then reverse
0.5R profit = >2R and reverse to b/e stop

Overall this means nothing is sticking, BOs or support plays.

[The CascadeTrader @CascadeTrader]

Last 5 trades:
•stopped b/e
•full stop out
•full stop out
•stopped out 0.5R profit
•full stop out

Full stop = never hit 1R profit
Step b/e = got >1R but <2R then reverse
0.5R profit = >2R and reverse to b/e stop

Overall this means nothing is sticking, BOs or support plays.

[The CascadeTrader @CascadeTrader]

$FLGT 104.5 big level. If we can hold prior days lows that would be a great sign.

[The CascadeTrader @CascadeTrader]

Stops hit $ETSY. Started didn’t stick.

Keep size small until strength is shown across the broad market.

[The CascadeTrader @CascadeTrader]

Taking another half sizes starter today in a company that has a great story and been a strong leader in this COVID era.

Long $ETSY
Stops 209 FIRM
Risk 0.5% acct value

Love the coiling/basing MAs

[The CascadeTrader @CascadeTrader]

@bigbadwolfe4 Yes it did, especially when you look at $IWO to get a sense for RS compacted to other growth names

[The CascadeTrader @CascadeTrader]

Careful here folks.

Second day in a row $QQQ rejected 50sma. Buyers COULD likely get depleted and PB likely.

Closed all short puts for small to moderate gains and only holding $W, $ETSY, $FLGT