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My takeaway was explaining how you interpret price action/traders thinking. About the more stuffs at that price 4-5-6x being heavier and heavier each time it does'nt breakout = a stronger pullback/fade.
Focus on the A+ setups but it sure would be fun to see a Thanksgiving crack play!!! ….just KNOW WHAT YOU OWN!
Damn I need ☕ before the next scan I said 2018 I meant 2008 ? 10:55
Trying to learn more patience and not to be too early.
My biggest takeaway is the idea that some stocks in the same sector run together and have similar patterns. Also the counter – intuitive nature of "IF" is ramps and fails on some and "IF" it opens weak and then ramps up on others.
found out waiting 20 mints so defined micro risk coz of some tight ranges rather flush weak open above VWAP ramp
Roivant Sciences issued a 13S/A on Friday for MYOV.
Takeaway on your MYOV breakdown:
Just because price action may break through a key level that you're watching doesn't mean you should scale in right away. The key is to let the price come back and test/base/confirm the new level BEFORE scaling in.
quick follow up question if you don't mind?
At what price did you scale into MYOV? I know you were looking at the $12.50. Would you have considered the prior price action (after open) as Red/Green + perking?
Seriously Nate, thank you for these Sunday scans, I can't believe they are free… smh.
Putting on a feeler position to initiate a trade really helps me focus and let the trade build itself before sizing in. ?
Thanks Nate, patience is the key for me on this one.
Thanks Nate, looking for confirmation levels, but being patient for when that confirmation level confirms to scale in.
Great Analysis as always Nate! What I find particularly useful is the analysis on what key levels you are looking for and how you think about the direction and the potential play based on those levels and also how you approach your play based on the early morning price action (if it ramps up vs if it goes down at the open).
Thanks Nate!
We are half day on Friday not Wednesday ?♂️ 10:01
Thnx for the vidoes
Hoping the boitech madness continues.
Thank you.
Scans help narrow the trades and increases the chance of profitability.?
Thanks Nate! Looking forward to a great trading week. Cheers.