I want to be at a profit immediately. If I don’t see a profit very soon after I buy the stock, I’m inclined to just get out.
If a stock breaks out on low volume and then comes right back in on high volume on subsequent days, that’s a real reason for concern.
$BE $SPCX
$KLAR, with an interesting base that formed since February, just coming out of it after retesting support.
Still early, as it is not overextended from the 50-day moving average
A massive one-year base that $DAVE is breaking out of with volume. Earnings look good, not overextended from the 50MA, and RS is 89.
This looks like an A setup.
This is my credit consumption over the last 30 days on Perplexity.
I am trying to build a setup-based scanner that is superior to everything I have seen so far.
I can tell you that it is not cheap.
Every 1,000 credits cost $10 + tax.
solana:Pren1FvFX6J3E4kXhJuCiAD5aDmGEb7qJRncwA8Lkhw
#claude #perplexity
I took this text from Penfold, Brent. The Universal Principles of Successful Trading.
Very relevant for today’s price action in my opinion:
“
Maximum adversity will do its best to discourage you from being a trader by making your trading world as uncomfortable as possible.
when you’re out of the market looking and waiting for that next trading opportunity, maximum adversity will ensure the anxiety you feel about not being in the market and potentially missing out on the next big move will hurt.
As I said, maximum adversity will ensure your trading world will be full of pain and hurt.
Maximum adversity demands that you take 100 percent responsibility for all your actions.
When you lose money, it will hurt. When you make money, you will think about how much more money you could have made if you had stayed in the market longer. When you think about the amount of money you left on the table, it will hurt.
Maximum adversity demands that you should expect to be ambushed at every turn.
Maximum adversity demands that right now you should determine whether you have the fortitude and stomach to accept the miserable existence of a trader’s life despite the potential financial rewards”
$QQQ $SPY $AMKR
Don't Chase the Gap Up
Good morning, everyone.
Many tickers are flashing green in premarket and a gap up open is very likely for a good number of them. That is exciting, but it is also exactly where most traders make a costly mistake.
Take NBIS as an example. If it opens with a gap up of 8% and its Average Daily Range is only 10%, there is roughly 2% of movement left for the entire day.
That is not enough cushion to build a meaningful risk/reward setup. You would be buying near the top of the daily range with almost no room to breathe before your stop gets hit.
Let the ticker come in, set a low, and show you where it wants to find support. If it gives us a clean entry with a proper base, we take it. If it does not, we wait for the next consolidation or pullback. There will always be another opportunity.
This market in 2026 is a different beast compared to 2025.
Patience and discipline are your edge right now.
$NBIS $WOLF $SNDK $MU
After a long advance, heavy daily volume without further upside price progress signals distribution.
Sell your stock before unsuspecting buyers are overwhelmed.
Also know when savvy investors are due to have a long-term capital gain.
$SOFI
It takes big demand to push up prices, and by far the biggest source of demand for stocks is institutional investors, such as mutual funds, pension funds, hedge funds, insurance companies, large investment counselors, bank trust departments, and state, charitable, and educational institutions.
$SPCX
Quick update:
$SPCX started trading at 150 just 20 minutes ago.
I stayed away from the whole group after seeing the sharp drop across the sector, with $RKLB down 10% and $LUNR and $ASTS down 15%.
The main event today is obviously the largest IPO in market history, $SPCX
My plan is the following:
I will try to stay away from it, as I do not have any edge there.
There are no clear levels to manage risk, and we do not have enough information about the kind of volatility to expect.
What we do know is that, in anticipation, a lot of other tickers in the same sector will likely move as sympathy plays.
So instead, we will focus on those. Stocks like $RKLB , $GLXY, $PL, $ASTS, and others.
I expect that in the first days of trading there will be a lot of hype, and the price will likely increase due to the relatively low share float, anticipation of Nasdaq inclusion, which implies passive buying within about 14 days, and the 70-day lock-up period for early investors whose shares may later be sold.
After these weeks or months pass, the real question will be whether the stock can hold its price.
Will there be enough demand to absorb selling from early investors and private capital?
I would not be surprised if, in a few months, the stock is back at its IPO price or even lower.
That said, my prediction, and this is purely speculative, is that we will see an initial price increase in the first few days.
@NickSchmidt How do I explain to my wife that these are traders I respect and follow, and that I’m actually not wasting time on X scrolling randomly and watching cute puppies?
@RealSimpleAriel How do I explain to my wife that these are traders I respect and follow, and that I’m actually not wasting time on X scrolling randomly and watching cute puppies?
The main event today is obviously the largest IPO in market history, $SPCX
My plan is the following:
I will try to stay away from it, as I do not have any edge there.
There are no clear levels to manage risk, and we do not have enough information about the kind of volatility to expect.
What we do know is that, in anticipation, a lot of other tickers in the same sector will likely move as sympathy plays.
So instead, we will focus on those. Stocks like $RKLB , $GLXY, $PL, $ASTS, and others.
I expect that in the first days of trading there will be a lot of hype, and the price will likely increase due to the relatively low share float, anticipation of Nasdaq inclusion, which implies passive buying within about 14 days, and the 70-day lock-up period for early investors whose shares may later be sold.
After these weeks or months pass, the real question will be whether the stock can hold its price.
Will there be enough demand to absorb selling from early investors and private capital?
I would not be surprised if, in a few months, the stock is back at its IPO price or even lower.
That said, my prediction, and this is purely speculative, is that we will see an initial price increase in the first few days.