Pinpoint Trading

5 days ago

A list of the 36 stocks that were AT LEAST cut in half in the past 8 trading weeks ALONE. INTC, MRVL, SNDK, STX, LITE, TER, NBIS, ALAB, CRWV, CBRS, ASTS, SITM, SMTC, DOCN, IREN, TTMI, VICR, FORM, RIOT, HUT, GLXY, APLD, MXL, AAOI, ACMR, CIFR, AXTI, MARA, PENG, UCTT, AEHR, CLSK, BTDR, ICHR, UMAC, RCAT If we lengthen the lookback of names that have at least been cut in half since the June top in semi's: ORCL, AMAT, LRCX, ARM, KLAC, APP, WDC, GLW, VRT, NOK, COHR, STM, UMC, CIEN, RKLB, CLS, FLEX, ON, CRDO, GFS, SMCI, RDDT, MTSI, TSEM, IONQ, FN, QNT, NVMI, AMKR, RMBS, AEIS, SANM, VIAV, WULF, SIMO, ALGM, MBLY, PL, CAMT, LUMN, QBTS, RGTI, CORZ, ENPH, VSH, KLIC, ONDS, LFTO, ACLS, NVTS, VECO, POWI, LASR, PONY, INFQ, SOUN, SEDG, HIMX, HAWK, QUBT, BAND, INOD, VISN, WOLF, BBAI, VNET, POET, BKSY Risk happens fast! Incredible times.

8 days ago

@VincentKroose if you're signed up for the waitlist you should get an email this week !

6 months ago

The market just won't quit! Another week of all-time highs 🚀 Some winners from this week's Shakedown 🧵👇

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13 days ago

@ShakePryzby1 @real_el_chron @RichardMoglen @TraderLion Hey @real_el_chron you can sign up to join the waitlist here: https://t.co/h2129TXdKO See you soon 🫡

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PinpointTrding retweeted

14 days ago

We talkin CHOP!! Thank you as always to my man @RichardMoglen & the @TraderLion team for having me on. Really fun one on setting expectations, making adjustments to your strategy and focusing on process improvements to keep all that mental capital in these difficult periods. Just listened back and my god the rambling at the end -- thought my daughter was a certified #yapper because of my wife. Might not be the case 😂😂 Remember -- you can't be mean to the birthday boy!! Thank you for watching if you do. 🫡 https://t.co/uaBTFjD1uH

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PinpointTrding retweeted

Richard Moglen

@RichardMoglen

21 days ago

Recorded an awesome podcast with @ShakePryzby1 yesterday. We covered a lot from trade reviews, trading during choppy markets, sizing, entries, sell rules.... Should be out next week

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22 days ago

@Ollie_AllCaps Hell yeah nice one Oliver 🫡

22 days ago

Wishing the Pinpoint Trading TOP DOG @ShakePryzby1 a very happy birthday!! Your energy and personality is unmatched in the trading space and we appreciate all the hard work you put in for your community 🫡

22 days ago

@Trader_Brodz @ShakePryzby1 @TraderLion Hey shoot us an email at [email protected] I'll make sure you're on the invite list 🫡

26 days ago

@ShakePryzby1 @LePadawanFoot @GreenLumberTrdr Here I was thinking it was going to be about puppies 🫠

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PinpointTrding retweeted

27 days ago

Every day $DRAM resembles the $ARKK '21 top and $CSCO 2000 top more and more. These were all leaders in the previous cycle that eventually spilled out to the rest of the market. While in CSCO's case, the $QQQ was already in a bear market. In the 2021 case though, the QQQ made a new high on the backs of the FAANG stocks hiding money while remaining "strong." I think it's fair to equate FAANG in '21 to MAG7 today. We can see the circled Oct '21 QQQ chart as pic #4. From there, we went on to make new highs in the next month before the real bear market kicked off. What kept the indices so strong back then, was the crowding into FAANG names before the market unwind. Similar to the fact the $MAGS stocks are trading near highs today. In Martin Pring's Technical Analysis Explained, he speaks on rising interest rates coming for the smaller more leveraged companies first because their borrowing costs and balance sheets suffer most. Investors respond by moving into large, financially strong blue chips. The averages are heavily weighted towards those names, hold up while the majority of stocks are already in bear markets. Pring argues "quality" leadership masks weakness. The market looks healthy at the index level but is weak underneath the surface. We can all attest this is the behavior we have been experiencing for months. The biggest indicator of this is new highs contracting, while the index rises or "seems healthy near highs." Currently just ~45% of all S&P stocks are trading above their 200 day. For context, the historical average is roughly 73% when the index is hitting new highs. In December '21, the S&P set a record after record while only 42% of its stocks were above their 200 days. Bear market of '22 officially kicked off at the top of the year, Jan 4th, 2022. There was nothing but disbelief about the underlying environment changing at the end of '21 even though the leaders had already been dramatically shot, as we're seeing today. The mistake I made then was to not adjust to the environment quick enough which led to a brutal start to '22. How I'm personally handling this is to go complete day trader mode and look for 1-3 opportunities a week to look to extract some coin in this market. There is complete lack of consistency in this tape on the day to day. Buying oversold bounces and selling them into strength worked well for me this week. Weak names retesting support-turned-resistance levels on bounces are shorts in my eyes in the future. Tough to be positive with what we're seeing out there this week! Either you will recognize the shifting environment and make the proper adjustments .... or you wont and will continue to complain about how hard the market is to social media. 🤷‍♂️ Control what you can control. 🫡

ShakePryzby1's tweet photo. Every day $DRAM resembles the $ARKK '21 top and $CSCO 2000 top more and more. These were all leaders in the previous cycle that eventually spilled out to the rest of the market.

While in CSCO's case, the $QQQ was already in a bear market. In the 2021 case though, the QQQ made a new high on the backs of the FAANG stocks hiding money while remaining "strong." I think it's fair to equate FAANG in '21 to MAG7 today.

We can see the circled Oct '21 QQQ chart as pic #4. From there, we went on to make new highs in the next month before the real bear market kicked off.

What kept the indices so strong back then, was the crowding into FAANG names before the market unwind. Similar to the fact the $MAGS stocks are trading near highs today.

In Martin Pring's Technical Analysis Explained, he speaks on rising interest rates coming for the smaller more leveraged companies first because their borrowing costs and balance sheets suffer most. Investors respond by moving into large, financially strong blue chips. The averages are heavily weighted towards those names, hold up while the majority of stocks are already in bear markets. Pring argues "quality" leadership masks weakness. The market looks healthy at the index level but is weak underneath the surface. We can all attest this is the behavior we have been experiencing for months.

The biggest indicator of this is new highs contracting, while the index rises or "seems healthy near highs." Currently just ~45% of all S&P stocks are trading above their 200 day. For context, the historical average is roughly 73% when the index is hitting new highs. In December '21, the S&P set a record after record while only 42% of its stocks were above their 200 days. Bear market of '22 officially kicked off at the top of the year, Jan 4th, 2022.

There was nothing but disbelief about the underlying environment changing at the end of '21 even though the leaders had already been dramatically shot, as we're seeing today. The mistake I made then was to not adjust to the environment quick enough which led to a brutal start to '22.

How I'm personally handling this is to go complete day trader mode and look for 1-3 opportunities a week to look to extract some coin in this market. There is complete lack of consistency in this tape on the day to day. Buying oversold bounces and selling them into strength worked well for me this week. Weak names retesting support-turned-resistance levels on bounces are shorts in my eyes in the future.

Tough to be positive with what we're seeing out there this week! Either you will recognize the shifting environment and make the proper adjustments .... or you wont and will continue to complain about how hard the market is to social media. 🤷‍♂️

Control what you can control. 🫡

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27 days ago

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29 days ago

@ShakePryzby1 @Trader_Brodz @TraderLion If you're on the waitlist keep an eye out for an invite this week! 👀

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PinpointTrding retweeted

TraderLion

@TraderLion

about 1 month ago

🎙️ AMA (ask me anything) with @ShakePryzby1 Shake finished 2nd in the $1M+ division of the 2024 US Investing Championship. He has been trading professionally for over 10 years and teaching traders since 2017 through his trading community, Pinpoint Trading. Reply with your questions below 👇 and like the ones you want answered. Shake will be answering the top questions in the comments tomorrow Monday, Oct 12 after the close.

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PinpointTrding retweeted

about 1 month ago

This market's tough. No secret. Are you going to bitch about it or put in the work to make the necessary adjustments? Did a few years of the market going vertical at a 45 degree angle trick you into believing this game was easy?! This game has never been easy. Its survival mindset 95% of the time. I took today away from the action to dive into my own trading and figure out what the hell I need to do better to maximize my gains. The fact is, this market is a Trader's Dream and a Textbook Swing Trader's Nightmare. There is so much opportunity out there every single day it is bewildering. But there is great volatility in this uptrend and it needs to be factored into position sizing, holding time & profit taking. I have given a shitload of PnL back these past 3 weeks. Sometimes I am taking advantage of the volatility in buying shakeouts, sometimes I am getting taken advantage of in holding too much size for a swing. Of the 15 trades I took in this time, 3 were same day stop outs. 12 worked on day 1. Of the 12 that worked on day 1, 4 were solid winners (>3R), 3 were marginal gains (0.5-1R), 2 breakeven, and 3 losers. The data tells me the 12 that worked ran an average of 4.3R before reversing back to my price. I need to look to trim a greater percentage, 50% or more, of each trade into 4-5R to keep more of my gains. $ALAB this week was a perfect example. Day 1 entry, price distance from cost, all clear to hold heavy. Day 2 big move, reaches 5R, trim 15% of the position to pay for the risk in hopes it continues and turns into a big swing. Retests the breakout level the following day, healthy retest, continue to hold. Reverses lower and stops me out marginally above my cost on day 3. Some just continue higher like $FTNT & $PLTR but these are the minority. The data is telling me I need to aggressively take profit between 4-5R and hold a smaller portion of my position for the swing. Last week I had an amazing swing in $ARM buying a 30 min pivot off the 20ema getting cushion into the close, and trimming 2/3 of that into strength at 10-17R while aiming to properly swing the rest. Great stuff. Adjustments being made. Then earlier this week ARM comes back to test the 20ema. I reload the full position. Only this time, it closes awfully and I don't have any price cushion. But, I have this last win fresh in my mind and get complacent, only to wake up to a big gap down. In this gap down I take a fat 4R loss, first time taking that big a loss all year. I need to sell the adds and get back to the smaller core holding and see what tomorrow holds. You have to be perfect to succeed in this market. Complacency is getting especially punished. I am also finding you need to be acutely aware of where the $QQQ is trading in terms of the nearest support level, which is currently the 10ema. This is not like the April lock out rally in the slightest. We have been moving higher, but strong moves soon test support in the days to follow. My PnL has been a levered version of the Q's distance from support. Gets extended to the upside, I go up big, don't sell enough, we test support, I give trades back. In the $ALAB scenario, the $SMH was extended 5% above its 10ema. While I was hopeful we would see "nothing" sort of digestive action in the days to come, I need to lose that hope and prepare for a support test in the following days by taking more profit while the getting is good. There is no way to know semi's would sell so much in the days to follow, we can only operate with the information we had at the time. The definition of insanity is doing the same thing over & over while expecting different results. My first few years were met with such brutal market chop, there was nothing to do but make constant adjustments if you wanted to survive. Lots didn't. They didn't work hard enough. Don't be the majority on here that seemingly sit scrolling all day cheering when its easy and complaining when its hard. It's going to be hard so much more often than not. Don't get used to the breakout years. Pull up a QQQ monthly chart, and just stare at it. If we chopped for a year would it be the craziest thing? I remember one of my first trading bosses did this in early 2015 when, after years of gains, we were in a choppy uptrend similar to now. What prompted this is the change of market behavior to a more choppy uptrend along with there being talks of the Fed beginning a hiking cycle later in the year. Scared me to death. I was a pure breakout trader. Sure enough, later that August, China's market became a disaster which spilled over to our market, big time change-of-trend selloff. Then the Fed raised rates in September '15 which lead to 16 months of chop before we had a breakaway market begin again in Jan 2017. It was all monthly digestion at the end of the day from the 2009-2015 ripper. In the beginning of my career, 2013, the room was stacked with hundreds of prop traders. Breakout traders galore. It was so easy. Buy through resistance. Stop low of day. Trim and trail. After that 2015 chop began the numbers dwindled more and more to the point about 75% of the room was cleared out. The difference from the trader's who made it were the ones who worked the hardest, looked into their own trading data the most, accepted things out of their control like the underlying environment, and just looked to get better every single day. Ask yourself, are you going to be in the miniscule percentage of traders who make it big no matter what the market's doing? Or are you going to be the lazy guy bitching on social media at every turn. Do the work. Have a great weekend. 🍻

ShakePryzby1's tweet photo. This market's tough. No secret. Are you going to bitch about it or put in the work to make the necessary adjustments?

Did a few years of the market going vertical at a 45 degree angle trick you into believing this game was easy?!

This game has never been easy. Its survival mindset 95% of the time. I took today away from the action to dive into my own trading and figure out what the hell I need to do better to maximize my gains.

The fact is, this market is a Trader's Dream and a Textbook Swing Trader's Nightmare. There is so much opportunity out there every single day it is bewildering. But there is great volatility in this uptrend and it needs to be factored into position sizing, holding time & profit taking.

I have given a shitload of PnL back these past 3 weeks. Sometimes I am taking advantage of the volatility in buying shakeouts, sometimes I am getting taken advantage of in holding too much size for a swing.

Of the 15 trades I took in this time, 3 were same day stop outs. 12 worked on day 1. Of the 12 that worked on day 1, 4 were solid winners (>3R), 3 were marginal gains (0.5-1R), 2 breakeven, and 3 losers.

The data tells me the 12 that worked ran an average of 4.3R before reversing back to my price. I need to look to trim a greater percentage, 50% or more, of each trade into 4-5R to keep more of my gains.

$ALAB this week was a perfect example. Day 1 entry, price distance from cost, all clear to hold heavy. Day 2 big move, reaches 5R, trim 15% of the position to pay for the risk in hopes it continues and turns into a big swing. Retests the breakout level the following day, healthy retest, continue to hold. Reverses lower and stops me out marginally above my cost on day 3.

Some just continue higher like $FTNT & $PLTR but these are the minority. The data is telling me I need to aggressively take profit between 4-5R and hold a smaller portion of my position for the swing.

Last week I had an amazing swing in $ARM buying a 30 min pivot off the 20ema getting cushion into the close, and trimming 2/3 of that into strength at 10-17R while aiming to properly swing the rest. Great stuff. Adjustments being made. Then earlier this week ARM comes back to test the 20ema. I reload the full position. Only this time, it closes awfully and I don't have any price cushion. But, I have this last win fresh in my mind and get complacent, only to wake up to a big gap down. In this gap down I take a fat 4R loss, first time taking that big a loss all year. I need to sell the adds and get back to the smaller core holding and see what tomorrow holds. You have to be perfect to succeed in this market. Complacency is getting especially punished.

I am also finding you need to be acutely aware of where the $QQQ is trading in terms of the nearest support level, which is currently the 10ema. This is not like the April lock out rally in the slightest. We have been moving higher, but strong moves soon test support in the days to follow. My PnL has been a levered version of the Q's distance from support. Gets extended to the upside, I go up big, don't sell enough, we test support, I give trades back. In the $ALAB scenario, the $SMH was extended 5% above its 10ema. While I was hopeful we would see "nothing" sort of digestive action in the days to come, I need to lose that hope and prepare for a support test in the following days by taking more profit while the getting is good. There is no way to know semi's would sell so much in the days to follow, we can only operate with the information we had at the time.

The definition of insanity is doing the same thing over & over while expecting different results. My first few years were met with such brutal market chop, there was nothing to do but make constant adjustments if you wanted to survive. Lots didn't. They didn't work hard enough.

Don't be the majority on here that seemingly sit scrolling all day cheering when its easy and complaining when its hard. It's going to be hard so much more often than not.

Don't get used to the breakout years. Pull up a QQQ monthly chart, and just stare at it. If we chopped for a year would it be the craziest thing? I remember one of my first trading bosses did this in early 2015 when, after years of gains, we were in a choppy uptrend similar to now. What prompted this is the change of market behavior to a more choppy uptrend along with there being talks of the Fed beginning a hiking cycle later in the year. Scared me to death. I was a pure breakout trader. Sure enough, later that August, China's market became a disaster which spilled over to our market, big time change-of-trend selloff. Then the Fed raised rates in September '15 which lead to 16 months of chop before we had a breakaway market begin again in Jan 2017. It was all monthly digestion at the end of the day from the 2009-2015 ripper.

In the beginning of my career, 2013, the room was stacked with hundreds of prop traders. Breakout traders galore. It was so easy. Buy through resistance. Stop low of day. Trim and trail. After that 2015 chop began the numbers dwindled more and more to the point about 75% of the room was cleared out.

The difference from the trader's who made it were the ones who worked the hardest, looked into their own trading data the most, accepted things out of their control like the underlying environment, and just looked to get better every single day.

Ask yourself, are you going to be in the miniscule percentage of traders who make it big no matter what the market's doing? Or are you going to be the lazy guy bitching on social media at every turn. Do the work. Have a great weekend. 🍻

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PinpointTrding retweeted

about 1 month ago

ThErE's ToO mAnY eYes oN ALAB!!!! Bought 357 vs 346 yesterday, paid for my risk this morning with trims into $395. Free trade now with a boatload of stock. Limit that social media time bruv. Trade your process. 🫡

ShakePryzby1's tweet photo. ThErE's ToO mAnY eYes oN ALAB!!!!

Bought 357 vs 346 yesterday, paid for my risk this morning with trims into $395. Free trade now with a boatload of stock.

Limit that social media time bruv. Trade your process. 🫡 https://t.co/PmhvEtBp0C

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PinpointTrding retweeted