$RGTI - And the beach ball sunk!
Stopped for tiny profit in this today (didn't feel like it) but would still take the same setup 100 times over just couldn't hold the breakout..
All part of the game, which is why i like buying undercuts instead of breakouts because of situations like this.
$RGTI - Feels like a beach ball underwater!
Wanted to cut this all day but just kept in the gym and off the screens.. now the chop has formed a perfect bull flag on the hourly with the MACD coiled tight.
Wouldn't be surprised if this broke out tomorrow
$QQQ - Update
Sellers had all the ammunition to push this lower today but couldn't.. under the hood still a great deal of strength in leaders that cannot be ignored!
examples: $ARM $SNDK $MU
If $QQQ doesn’t want to break that low of day we could see quite a move into close.
Plenty of stops hit I imagine and some names include me (will update charts later)
Most likely a lot of people trying to short for a break of them lows!
If $QQQ doesn’t want to break that low of day we could see quite a move into close.
Plenty of stops hit I imagine and some names include me (will update charts later)
Most likely a lot of people trying to short for a break of them lows!
$MP: Only rare earth mine in America.
The US government owns 15% of this company.
Weekly chart finding support at previous resistance
Earnings out the way. Higher lows. Apple customer.
$RGTI - Feels like a beach ball underwater!
Wanted to cut this all day but just kept in the gym and off the screens.. now the chop has formed a perfect bull flag on the hourly with the MACD coiled tight.
Wouldn't be surprised if this broke out tomorrow
$RGTI almost to the penny on that pink box sweep.
Flushed the lows of the prior 2 candles, ran the stops, reclaimed.
Textbook.
This is why you review your previous trades. Perfect entry for a swing if it breaks out this week.
$SMR: Breaking out of this wedge as price gains momentum above the 20EMA with consistent accumulation volume over the past few weeks.
17% short float + inside day candle
Sold off after earnings flushing out all the eager longs, then started to find buyers after reclaiming support!
@traderstewie go time?
The setup was just there at the right time.
$SMR opened down on then recovered quickly and chopped into a bull flag. Swept the lows of that flag and retested the opening price (key pivot held)
Quick liquidity grab, snapped straight back. That's where I got long. $13.06. Low was right there so downside was minimal tight risk.
(higher low from the opening lows intraday)
Once it actually flipped green I sized up then the high short float did the rest. Squeezed through high of day and chasers brought back what they had sold on the gap down!
Still holding for potential continuation later this week.
Just 3 months into the year i had barely taken a trade while people were getting chopped up on false breakouts i was remaining patient.
This allowed me to capitalize on the $ opportunity when it came but even more important have the mental capacity for a clean edge ready to execute.
Knowing when to press the gas and put your foot on the brake is key in this game, even if it means ignoring all the posts you see on here charts, setups, fundamentals etc...
Put your edge first!