Mick

Swing Trader | Equities Investor
24 | Building a Six-Figure Portfolio

[Mick @micktrades]

@ohiain Everyone needs to read this twice.

[Mick @micktrades]

Something I’ve been doing with the community I am in is focusing on long term AI names that I wanted to get in previously.

Keeping an eye on previous leaders and also signs of new leaders emerging during this selloff.

[Mick @micktrades]

This market has been incredibly difficult to swing trade and is exactly why I’ve been hands off the past couple weeks.

One thing this has taught me is that protecting capital in market conditions that don’t show follow through is the most important part of trading.

Trading comes a lot simpler when realizing that market conditions means everything. This is one thing @ohiain has taught me. I’ve seen him take 1-2 trades this entire month and not letting FOMO beat him. He preaches his psychology during moments like this trying to protect other people from blowing up their accounts when the market clearly shows signs that you should not be swing trading.

With that said I’ve been proud of myself by only looking at the market, and not placing trades. Simply scanning, observing and building a plan for the next run.

[Mick @micktrades]

@artisanwill12 @SRxTrades Insane

[Sean trades @SRxTrades]

4 best entry models for swing trading:

1. Breakout

Price breaks over a key level of resistance usually out of a big daily base

-Enter on the break above key level

2. 30m pivot pullback entry

Buying a strong leading stock when it pulls back to an EMA, trendline, or support zone.
Using the 30m pivot to confirm strength

-Wait for price to retest key level
-Wait for first 30m green candle to form off pivot
-Enter on break of 30m candle highs

3. Undercut and Rally

Price breaks down out of a base but fails to push lower instead reclaiming the lows of the base

This traps sellers, and forces early longs to stop out creating a big sweep

-Find a leading stock setting up in a big base
-Wait for the support level to break
-Reclaim of the key support level for entry

4. Anticipation Entry

Entering before a breakout, usually inside a tight consolidation where price gets super tight into the right side of the base

Price structure will be incredibly tight.. usually inside day being printed at the top of the base

-Enter near the end of the day on a strong close

[Mick @micktrades]

@Remzztrades Sizing down until traction is the best way to go for market conditions like this.

[JonnyOptions @jonnyoptionz]

1.8 GPA in high school, never went to college and can definitely say i’m less intelligent then most people that graduate with major degrees. you def don’t have to be the smartest in the room. something i’ve learned over the 5 years of being an entrepreneur is that you just need to work quick and work on the right things long enough for it to actually work in your favor. if you feel like ur not fit for trading / entrepreneurship because your “not smart”… think twice

[Mick @micktrades]

@SRxTrades Needed to hear this

[Mick @micktrades]

Ended up cutting NEBX at EOD

[Mick @micktrades]

Recap 7/9:

QQQ had a nice gap up this morning after undercutting the 50EMA yesterday. We are now above the 8/21 MAs building out this wedge.

My current positions:
DLLL
ANET
NVDL + NVDA Jan 250c
MVLL
NEBX

[Mick @micktrades]

$ANET add today:

@ChaseThaMarket got us in ANET today with this beautiful tap off the previous ATHs. This retest is where we entered.

[Mick @micktrades]

This week’s been tough trading. Knowing when to sit on your hands versus when to slam the buy button is a skill that only comes with time. Right now I’m focused on where the money is rotating. I took $TEM yesterday on the base breakout after noticing the rotation early. Micron had amazing earnings, showing the AI buildout is still completely validated. The market just needs time to digest before our next leg higher.

[Mick @micktrades]

Entered Google off this sweep while the market was pulling back. Will see how this swings further into the week.

[Mick @micktrades]

Traveling and trading feels so good. You can really do this anywhere.

[Mick @micktrades]

This market has shown some of the most insane opportunities, yet people are still trying to time bottoms and play weaker stocks below key levels.

Why trade something that hasn’t shown strength instead of stocks like INTC, MRVL, AMD, MU, DELL, etc…

There is a reason these stocks keep making new highs. Stop trying to time bottoms and instead follow where the money tells you to go.

[Mick @micktrades]

Watchlist

KEEL:

I have a starter size on this name and want to add more on either the break or pullback to the 8EMA. One of the cleanest cup and handle charts I’ve seen.

[Mick @micktrades]

Watchlist:

MRAM:

Nice daily wedge with an 11% ADR. When this pops, it will go.

[Mick @micktrades]

Watchlist:

CSCO:

This had a huge gap up from strong earnings and is holding the gap very well. Volume dried up over the past couple of weeks, then Friday had the highest volume since the gap up. This stock can go.

[Mick @micktrades]

Going to start using X a lot more for trade recaps and my watchlist every week.

Follow me for daily updates.

[Mick @micktrades]

@SRxTrades Yeah it’s terrible