Watch List for MONDAY after the +280% China Squeeze on Friday!
Published: 2024-10-13
Status:
Available
|
Analyzed
Published: 2024-10-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker plans to prioritize high-quality trading setups and be aggressive at the start of a move, avoiding overstaying positions.
"I'm going to focus on trying to catch high quality setups not overstaying my welcome and so that means number one being aggressive front side of the move"
Pending
The speaker intends to be more aggressive at the start of a trade and reduce position size as the move progresses.
"be more aggressive at the beginning and then taper down as the move continues"
Pending
Trading after hours or later in the day can be profitable, as demonstrated by a $4,000 gain on the stock AMBO between 3 PM and 4 PM on a Monday.
"I will say you know I did that on Monday and on Monday it did pay off so Monday you know we had a stock amambo on Monday you know and it ended up making about $4,000 on it you know between 3 p.m. and 4 p.m."
Pending
The speaker's current strategy is to be aggressive early in the day when there is news, with a hard stop at 10 AM.
"for me if I have the approach of coming in early being as aggressive as I can at the beginning of the day when we've got stocks with news and then leaving you know 10 a.m. hard stop"
Pending
The speaker considers 10 AM as the effective closing time for their trading day.
"the market closes right here this is the closing time so it's closed 10: a.m. anything that happens after that doesn't matter"
Pending
The speaker typically trades between 7 AM and 10 AM, allowing them to focus on other activities for the rest of the day.
"I trade from 7:00 a.m. to 10: a.m. which is typically what I do and then I get the whole rest of the day do other things"
Pending
Trading for extended hours (7 AM to 4/5 PM) is mentally exhausting, even if profitable, and the speaker prefers shorter, more focused trading sessions.
"if I make money then it's like okay but I also had to endure endure you know sitting in the market from 7:00 a.m. until 400 p.m. or 5:00 p.m. which still is exhausting"
Pending
The speaker feels most accomplished when generating significant profit in a short timeframe (e.g., $5,000 in two hours), allowing for more free time.
"I really feel the best when I can make as much as I can in the shortest period of time because then I feel like wow I just you know had this great $5,000 day I did that in two hours and now I get the whole rest of the day to enjoy"
Pending
The speaker's consistent strategy for years has been to perform well trading during the earlier part of the trading session.
"we still know generally that I have this trend um where I do well trading um at the earlier part of the trading session that's that's really always been my strategy"
Pending
The speaker has data showing their profit and trade distribution by the hour of the trading day.
"this is my performance by hour of the day and this is my distribution of Trades by hour of the day"
Pending
The speaker continues to trade in the afternoon despite metrics showing poor performance, attributing this to the persistent hope and the urge to chase big moves.
"why am I trading from 12: p.m. till 4 p.m. why do I still fall victim to continuing to do that when my metrics don't support it unfortunately it's because of the that sort of like there's always hope and that I think that's the the part of every Trader that chases the big move"
Pending
FOMO (Fear of Missing Out) is a common and persistent issue for all traders, and it's never fully overcome.
"we suffer from fomo and that look I mean that's all Traders suffer from it to varying degrees and we're never cured of it"
Pending
Traders must learn to control the urge to chase moving stocks and instead focus on trades that align with their metrics, risk tolerance, and abilities.
"we've got to be able to temper that that urge to chase something and just jump on anything that's moving with what we know about our metrics our risk level and you know our aptitudes"
Pending
The speaker's peak profitability is around 12 PM, with slightly less profit if they stop trading at 11 AM.
"if I had stopped at 11 I would have made a little less money if I stop at 12 that's kind of where I'm peing"
Pending
The speaker adjusts their trading end time based on market conditions, extending it slightly when the market is hot and stopping earlier (around 10 AM) when it is cold.
"if the Market's hot you know I'll push it a little longer if it's cold I'm going to be done you know maybe around 10"
Pending
For the remainder of October, the speaker will focus on trading from market open (9:30 AM) until 10 AM.
"I'll be trading up until pretty much the open 9:30 and then slowing down uh up until 10: and that's kind of what I'm going to focus on to finish out the month of October"
Pending