ilmscore | Beware of the POP & DROP...My RECAP & Plan for Tomorrow

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The speaker plans to adopt a more cautious trading approach tomorrow.
"probably tomorrow we're going to have to be a little bit more cautious."
Trading Strategy
Pending
Short sellers are predicted to be more aggressive in the market tomorrow.
"if I'm going to be more cautious, who's going to be more aggressive? Probably short sellers."
Short Sellers
Pending
The speaker's strategy is to let a stock pop, pull back, then test for failure. Only if it proves strong enough to hold higher levels will he enter a large trade.
"I'm going to be cautious watching the first pop. Let it pull back... Don't assume it's going to work. Assume it's going to fail and then let it prove that it's strong enough to keep holding these levels. and then that's where I'm going to go in for that big trade."
Trading Entry Strategy
Pending
Despite increased caution, the speaker expects to find good trading opportunities tomorrow.
"I doubt it. I think they'll probably end up being something that looks good."
Trading Outlook
Pending
A multi-day build-up of short seller confidence (from last Thursday to this Tuesday) could lead to an unexpected strong short squeeze by Wednesday, driven by forced covering and long buying.
"And if shorts have a couple days of feeling confident, you know, Thursday, Friday last week, and then Monday, maybe Tuesday this week, then they might be feeling great going into Wednesday. And then all of a sudden you get a stock that you wouldn't expect it to, but it just keeps going higher. And they have no choice but to cover. And then that creates double the volume, right? Because now they're covering. That's buying. And then long traders are buying. So that's what's going to fuel that next leg up."
Market Dynamics (Short Squeeze)
Pending
The speaker will require stocks to meet a slightly higher threshold of strength before entering trades, due to recent rejections.
"the standard is is lifted a little higher right now. like it needs to cross just a slightly higher threshold in order for me to jump on it after seeing some of these rejections."
Trading Strategy
Pending
The speaker claims he could grow $500 to $1 million if he had to restart his trading career.
"So, even if I start over tomorrow with 500 bucks, what would I do? I'd grow to a million dollars."
Trading Skill/Financial Growth
Pending