@mmonis Big names, big moves, big volatility seems to be the new normal. For position trading I’ve been looking at TI style stocks with fundamentals/theme but using a “Monis style” entry and long terming the profit from day 1. TI more steady, high mtm style mean revert volatile lately
@Mayhem4Markets Very timely post, i was about to get into my bubble boy bubble with some gummies bc of Ebola. Scratch the bubble, keep the gummies. Thank you, again, for doing what you do
@XpertPATrader Funny, i was just looking at the same thing. $400 came as my "realistic" target but $500 isn't out of the question in this crazy market the way companies like this has been moving
@i_manage_risk@jfsrev I'm not sure if SATL is the best example of this, you're hanging out in some wicky consolidation chop, the intraday has zero direction, if anything down bias based on the 5, LoD can work on these names but LoD is best reserved for catalyst based day 1 entries imo
@Mayhem4Markets We've been seeing some rotation into small caps, good sign, and stocks at lows, too many extended stocks, some bottom feeding going on. I think we are at the early bubble phase but i would love to see some solid rotation this week
@mmonis Mix of both works well in this market, we’re in a bull market, dip buying on mtm stocks is a winning strategy. Breakouts have been choppy intraday and low follow through, let’s see if we get better linear momentum next week