Richard Gates

Stocks / Options trader. 🇺🇸Veteran. All posts are just opinions.

[Richard Gates @TradeLikeGates]

4.5 months ago I started an account with $5,000. It was a #challenge account to see how far I could grow it #daytrading ONLY my watchlist #stocks and picks. This took extreme discipline but fast forward to now… We hit $100,000. If I can do it, so can you. 🔥

[Richard Gates @TradeLikeGates]

$AAPL Range breakdown on the daily timeframe today after rejecting the all time highs yet again. This is a prime candidate to look for lower lows on tomorrow if it cant hold over 300.

Short idea below 300

[Richard Gates @TradeLikeGates]

$AAPL This name has rejected all time highs for nearly 3 weeks in a row now and formed a range. This week I am looking for a break down from the range if we see a market that continues to sell off.

Short idea below 305

[Richard Gates @TradeLikeGates]

$AMZN Another name breaking lower with the majority of the market and failed to hold over the 50 EMA and the 250 whole number. This week I am watching for lower lows.

Short idea below 245

[Richard Gates @TradeLikeGates]

$META this name has been all over the place recently but if it continues to sell this week then there is a gap below to be filled down to 575.

Short idea below 583

[Richard Gates @TradeLikeGates]

$TSLA I talked about this pattern and setup with my team last week and we got a breakdown from it. Failed to hold over the 50 and 200 EMAs and broke under the400 whole number. I am watching for lower lows this week.

Short idea below 388

[Richard Gates @TradeLikeGates]

$SPCE Total speculative trade idea here with SpaceX IPO this week. This could be a sympathy mover prior to the IPO date. I am interested in this name once it breaks out of the consolidation that its been in for the past 3 trading days.

Long idea over 5 OTHERWISE
Short idea below 4

[Richard Gates @TradeLikeGates]

$INTC Breaking down from the pennant pattern shown on the daily timeframe with the majority of the market. This week I am watching for it to stay underneath 100 and continue to correct.

Short idea below 98

[Richard Gates @TradeLikeGates]

$AMD Sold off Friday with the majority of the market and failed to hold over 500. This week if this name sells any lower there is a gap below to be filled down to 451.

Short idea below 460

[Richard Gates @TradeLikeGates]

$RGTI Last week I was bullish on this for a range breakout. Price action went the other way so now we flip the bias. The range is broken and its trading at the 20 whole number and the 50 and 200 EMAs on the daily. This week I am looking for lower lows.

Short idea below 20

[Richard Gates @TradeLikeGates]

$UNH This is one of the few names that held up last Friday and didn't sell off. If this can stay over 400 this week I am bullish on it since it is showing relative strength.

Long idea over 404

[Richard Gates @TradeLikeGates]

$SPY Its been extended, we all knew that. Last week the uptrend shown was broken. Now the million dollar question here is how far does this continue down and correct? This week I am watching for lower lows.

Short idea below 735

[Richard Gates @TradeLikeGates]

$RGTI Beautiful ascending triangle on the daily timeframe primed for a (potential) breakout soon, maybe even tomorrow. "Quant sector" name featuring a solid technical setup. An aggressive confirmation of a breakout would be at $27.50. A more conservative confirmation would be if the stock can get over $28. This is my top stock pick for tomorrow.

[Richard Gates @TradeLikeGates]

Is it too late to buy $NOW at $130

[Richard Gates @TradeLikeGates]

$AAPL The uptrend on this name is strong right now. I remain bullish on it until it tells me otherwise. This week I will be watching for new all time highs.

Long idea over 315 if it can get there

[Richard Gates @TradeLikeGates]

$CSCO You see the consolidation there. I dont need to say much else. This week I am watching for a break of the consolidation to the topside to give this name new all time highs.

Long idea over 122

[Richard Gates @TradeLikeGates]

$NBIS Breaking out of the bull pennant pattern on the daily but has yet to make new all time highs. Though both dips the past 2 trading days has been bought. This week I am watching for a new all time high potentially.

Long idea over 234

[Richard Gates @TradeLikeGates]

$MSFT Breaking out of the bull pennant pattern on the daily to reclaim the 200 EMA and enter into the gap area overhead which still exists from 450 to 477. This week I will be watching for a further move topside to continue to fill that gap.

Long idea over 450

[Richard Gates @TradeLikeGates]

$PLTR A Recent runner to break the downtrend shown on the daily timeframe and reclaim the 50 and 200 EMAs. This week I am watching for this momentum to potentially continue topside.

Long idea over 158

[Richard Gates @TradeLikeGates]

$GOOGL The bear flag shown on the daily timeframe is breaking down below the static support. This is showing relative weakness against the overall market so I will be watching for lower lows this week.

Short idea below 377

[Richard Gates @TradeLikeGates]

$HOOD Two massive days back to back to reclaim the 50 and 200 EMA on the daily timeframe. Now threatening to get back over the 100 whole number. Overhead there is a gap from 96 to 98 that has yet to be filled as well.

Long idea over 95