Thank you for the amazing response to yesterday's post on the '8 Best Free Tradingview Scripts!' They will be giving away **1 FREE Annual Premium Subscription** to one of my followers.
How to Enter:
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The winner will be announced this Saturday! Good luck!
$SMMT $TERN #recap
Today's Community Shoutout goes to @dayumm_daniel
for Guiding Community on two Profitable Bio Tech Longs #FF
Discussed these names yesterday's recap as well
Setup: Day 2 Day 3 Longs
System: Ripster Clouds + Levels
@TENETTRADEGROUP
The answer is... The least amount of supply up to an amount enough to fill your trade efficiency. You want the smallest supply with the largest proportional demand, but not less than an amount that would effectively cover your risk tolerance. The short answer... no more than necessary.
Daily Market Diagnosis: After a bad week last week with two "whack/Distribution" days, on Monday Nas is up on lower volume--looks more like short covering/oversold bounce than true accumulation until proven otherwise. Very difficult for #Canslim growth stock traders to have an edge now on long side. Mkt and charts may take some time to heal. Just have to take it one day at a time.
The market's bounce came just when it needed to, as my favorite FOMO indicator hit FEAR levels on Friday. Stocks capable of recovering all of Friday's losses indicate strong demand. $GEV $NOW $NTRA $CAVA $AXON $FICO to name a few
The objective of finding stocks with a game-changing catalyst is to find a stock that will increase your overall account by 10 to 50% in one trade. This essentially means the stock should be capable of a big move, and you should risk sufficiently big on it.
Look for a game-changing earnings surprise announced after hours or before the market opens. For this, look at pre-market gainers and last night's after-close gainers.
$SPY finding resistance at 8/15/2024 gap low this morning
Based on action in stocks would not be surprised to see this go outside yesterday's low or somewhere close
$IWM looks quite weak as well
This past weekend, we uploaded veteran trader's @PKycek presentation from the 2024 TraderLion Conference.
โ Systematic trading
โ Applying trend & mean reversion to crypto
โ Lessons from over 18+ years in the market
Watch that below โ
https://t.co/YEMx8T8RlN