Join The Journey
We completed the $25K Challenge where we were able to grow a small account over the PDT rule consistently. We made over $100k profits and now eyes are set on the $500k and eventually the $1,000,000 profit mark. Check out the start page to get up to speed with everything we do. Let's go!
Reflect & Market Overview | Week 11
Reflection on last week's lesson
Last week, "Back To OG Strategy | Y2023W10", was not the best for me, mainly because I just sized up to big on my losers. Needed to cut those quicker when something didn't work out, not size down as much, and always remember "breakout or bailout". All my big wins are when I hold less than 2 minutes. Need to keep that in the back of my mind.
SPY Trend
$SPY everyone is on edge with $SIVB, which already has global ripple effects. The government needs to give confidence to the citizens asap. Feels like a solid trend break and we might see a lower low coming in to create a new downtrend.
RUT Trend
$RUT back to a major support zone. $SIVB incident targets exactly these kinds of companies. Sub 100 employees.
Just for reference here is $SIVB at the start of this week.
Gameplan - | Day Trading | Swing Trading | Crypto Trading
Important Macro Scheduled Events
https://tradingeconomics.com/calendar
| Tuesday March 14 2023 | Actual | Previous | Consensus | Forecast | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 07:30 AM |
|
Core Inflation Rate YoY FEB | 5.6% | 5.5% | 5.6% |
|
|
|||
| 07:30 AM |
|
Inflation Rate YoY FEB | 6.4% | 6% | 6.1% |
|
|
|||
| Wednesday March 15 2023 | Actual | Previous | Consensus | Forecast | ||||||
| 07:30 AM |
|
PPI MoM FEB | 0.7% | 0.3% | 0.4% |
|
|
|||
| 07:30 AM |
|
Retail Sales MoM FEB | 3% | -0.3% | -0.2% |
|
|
|||
| Thursday March 16 2023 | Actual | Previous | Consensus | Forecast | ||||||
| 07:30 AM |
|
Building Permits Prel FEB | 1.339M | 1.328M | 1.33M |
|
|
|||
| Friday March 17 2023 | Actual | Previous | Consensus | Forecast | ||||||
| 09:00 AM |
|
Michigan Consumer Sentiment Prel MAR | 67 | 67 | 68 |
|
|
|||
Former Gappers & Current Sector Plays
View post: Former Top Gainer (gappers) Stocks On Watch, On Ice, & RIP (adding new tickers here throughout the week)
The current sector plays (on TOS watchlist mark all sector plays in blue):
- AI. Anything related to ChatGPT or implementing their own AI.
- $NVDA, $BZFD are 2 good examples
- Space. Popular topic as spaceX makes headline news almost daily.
- $SPCE, $BAER, $LLAP, $SIDU
- EV. EV has had its run but a lot of EV stocks are depreciated and now seeing renewed action.
- Including batteries/mining, electrical
- $DCFC
- SPAC's.
- As of Friday last week due to $LUNR a SPAC that went from $8.55 to $136
- $MLEC, $RNER, $GNS
This Week's Broader Gameplan
So much macro again.. plus with $SIVB news on top. Don't see this being very good. Maybe midweek as the smoke settles some opportunities could rise.
Monday March 13
General Gameplan
Be very careful today, in and out asap.
Macro / SPY Observations & News
Regional Banks going to have a lot of issues, and all eyes are on the gov.
Lessons, Videos, & Live Trading Replay
Tuesday Mar 14
General Gameplan
Get green get out.
Macro / SPY Observations & News
8:30 AM EST Core Inflation Drops. Will be a busy day. SVB won't be bailed out but creditors will be reimbursed. Here'a a solid SVB summary.
Lessons, Videos, & Live Trading Replay
Live Trading: COIN, MARA, EUDA, AIMD (Crypto 2nd Massive Surge)
https://twitter.com/mralexwinkler/status/1635667653908996096
Wednesday Mar 15
General Gameplan
Get Green get out!
Macro / SPY Observations & News
8:30 AM EST PPI and Retail sales drop. Credit Suisse on the brink of collapse
Lessons, Videos, & Live Trading Replay
Live Trading: THMO, MVLA, (VIX +17% Rally)
https://twitter.com/mralexwinkler/status/1636012198408404993
Thursday Mar 16
General Gameplan
Get green get out.
Macro / SPY Observations & News
No major macro drops, we do have building permits 8:30 AM EST but that's not so major. The real issue is that the markets are still on edge with the banking crisis. Especially with Credit Suisse now taking a hit.
Lessons, Videos, & Live Trading Replay
Live Trading: LIPO, PATH, COIN (Large Caps Push)
E10: Trading Mindset DEEP DIVE, Breaking Rules, Trading Books (Shawn Achor & Annie Duke)
Friday Mar 17
General Gameplan
Get green get out! x2 it's a Friday
Macro / SPY Observations & News
Happy St. Patrick's Day! No big Macro drops.
Lessons, Videos, & Live Trading Replay
Live Trading: LSDI, HSTO, ENZ (Kangaroo Stock Market)
Insider Review
At the end of every week don't forget to join us for our weekly group calls where we break down the biggest lessons of verified traders followed by Q&A sessions. Full playlist here: Insiders Trading Podcast
Quick Overview
-
My Lesson
-
My Notes From Other Insiders
-
News | Know Your Macro!
I have about 30 tabs that auto-open when I click my "NEWS" bookmark folder which contains a bunch of news sites, portfolio analytics, charts, upcoming US gov reports and more things along that line. One app I'm always a big fan of and complete read through is the MorningBrew daily newsletter. I find it hits most topics every day.
