LONG WEEKEND.
Markets are closed Monday!
That means we have an extra day to prepare for Tuesday.
I’ll be looking for:
-Stocks showing momentum
-Unusual volume
-Clean support levels
-Major resistance
-Break & hold setups
-Clear risk/reward
No random entries.
No chasing.
Tuesday’s watchlist is coming.
Follow @The604Trader so you don’t miss it.
SEMICONDUCTORS HAVE BEEN ON AN INCREDIBLE RUN.
The iShares Semiconductor ETF ($SOXX) has gained more than 2,100% since inception, driven by the growth of chips, AI and computing.
Top holdings:
$NVDA — 9.93%
$MU — 9.05%
$AMD — 8.11%
$AVGO — 7.33%
$INTC — 5.30%
$TSM — 4.75%
$MRVL — 4.67%
$AMAT — 4.44%
$LRCX — 4.22%
$KLAC — 4.13%
These 10 make up roughly 61.93% of the https://t.co/C1kK1rmW6V needs chips. Data centers need chips. The digital economy runs on semiconductors. 📈$SOXX or individual chip stocks which would you rather own?
Source: BlackRock/iShares, Sept. 3, 2026.
Follow @The604Trader for market news, stocks & daily updates.
Not financial advice.
One bad trade shouldn’t ruin your account.
One bad DAY shouldn’t ruin your account.
One bad WEEK shouldn’t ruin your account.
If it does…
Your position size is probably too big.
The goal isn’t to make as much money as possible on ONE trade.
The goal is to stay in the game long enough to become consistent.
Survive first. Grow second.
If you’re new to trading, stop asking:
“How much can I make?”
Start asking:
“How much can I lose if I’m wrong?”
Entry: $20.00
Stop: $19.50
Your risk is $0.50 per share.
100 shares = $50 risk
500 shares = $250 risk
1,000 shares = $500 risk
Know your risk BEFORE you enter the trade.
Staying in the game > getting rich on one trade.
If your new to trading, learn this:
A breakout is NOT just price going above resistance.
Example:
Resistance = $20.00
Stock hits $20.05
Beginner: Its a breakout lets buy!
Then it drops back to $19.70.
What I’d rather see:
$20.00 breaks
Price holds above $20.00
Volume confirms
Buyers defend the level
Break → Hold → Confirmation
Stop chasing every green candle!
I’m building The604Trader for traders who actually want to LEARN.
Not:
“BUY NOW!!!”
Fake profit screenshots
Guaranteed winners
Pumping random stocks
The goal is simple:
Daily watchlists
Beginner education
Support & resistance
Breakout setups
Risk management
I’m putting together a community where we can learn and trade together.
Free Discord is in my bio.
Let’s build. 📈
One of the most dangerous trading habits is holding a losing position just because you’re waiting to break even.
The market doesn’t owe you a recovery.
Your original entry isn’t a reason to stay in the trade. Your plan, risk level, and current setup are what matter.
Ask yourself:
“If I didn’t already own this position, would I buy it today?”
If the answer is no, it may be time to reassess the trade instead of letting hope make the decision.
If you’re new to trading, learn this BEFORE trying to find the “next big stock.”
Support & Resistance.
-Support = an area where buyers have previously stepped in.
-Resistance = an area where sellers have previously stepped in.
But here’s where beginners get it wrong:
A stock touching support does NOT automatically mean BUY.
A stock touching resistance does NOT automatically mean SELL.
I want to see how price REACTS at those levels first.
Levels give you a plan. Confirmation gives you an entry. 📈
JOBS REPORT UPDATE:
This morning I said:
Don’t predict the reaction. Trade the reaction.
Here’s what happened below..
Jobs added: 162,000
Expected: ~56,000
Unemployment: 4.1%
That’s a MUCH stronger jobs report than expected.
So why didn’t stocks immediately explode higher?
Strong jobs = strong economy
BUT…
Strong jobs can also give the Fed more reason to keep rates higher or potentially raise them.
That’s why $SPY and $QQQ haven’t had the simple bullish reaction some might expect.
Good economic news ��� automatically good stock market news.
This is exactly why we trade the reaction not the headline.