If you stacked some gains this week, congrats! If not, rebuild your confidence through small profits or paper trading. Your CONFIDENCE/psyche is essential. That only increases through knowledge and experience.
Don’t pay too much tuition as you learn.
Gains from last week (🔁 = I’m still holding some)
🔁 SKYQ with a 74% move on the week 🛢️ (sell premarket moves)
🔁 FRMI with a 24% move 🔥
GRML 34% move in one day ⛏️ (shared on Monday)
KEEL had a 17% move in just a couple days (Honor the 🎯s)
🔁 IWM Puts went > 100% overnight 🔥
🔁 IREN Puts went well over 40% (link to chart)
ACN is aiming to fill that gap. Chart here
Just as important is Traders avoided the PATH fade as it never confirmed. Sometimes it’s the trades you never make that save you.
I’m seeing some traders on X who have blown up their accounts. My heart sinks as I see these major losses. Of course, they hurt financially but these things can hurt in mental and physical ways as well. Personally, I’ve learned to:
Always scale into strength and know where my stops 🛑 are
NEVER trader on margin
Let the chart be my guide and not the “hopeium” that’s online
Only trade options when I’m certain of the thesis and price action.
With that being said, let’s look back on the winners from last week!
✍🏼As I’ve shared plenty, a Premarket move 📈 + a pop at the open is a chance to sell. “A move in pre is a sell for me.” Most of the time, we see the algos sell the relatively low volume. Algos don’t chase and their volume can overwhelm. Add in some shorts and profit-takers + a move down in oil and you can see why this sold off on Friday.
The IWM Put thesis played out well last week. We had to revisit and call out that 296 Rejection Level. It lost that on Wednesday and the fade was on.
This next chart is SO important. Know where the exit is BEFORE you enter. It enjoyed a massive move, and like so many in the sector, it faded off RESISTANCE 🎯.
IREN was shared on Thursday Evening, in Substack threads, and alerted in Discord. The alerts channel is PRIVATE to paid subscribers. If you ever lose access, click on the link at the bottom of the Newsletter (behind the paid section).
Speaking of Candles, I want to encourage everyone to keep learning Candle TA
🗒️ None of my charts are a plan to jump in blindly. They are all binary conditionals; trigger + confirmation + 🎯= 🏆.
Note: 🎬 = I have no position yet. 🔁 = Newsletter is currently swinging
If you’re looking for more charts, check out my X Feed (Link).
Thesis: Rounding Bottom Breakout 2x (Inverse QQQ)
I’m targeting this chart because I’m convinced few traders should dabble in Options. Overnight, the price can change drastically (even more over a weekend. Instead, compounding 10%+ gains can be great for those who aren’t able to watch every tick.
IF you want to play the Put side of QQQ 0.00%↑ my levels are here (link).
Nasdaq slips, Dow and S&P 500 recover to close a volatile week: The “Magnificent Seven” shed nearly $800B in market value in a single session (7/23) after Alphabet and Tesla flagged ballooning AI capex — direct fuel for QQQ downside given its mega-cap concentration.
Trading The Close Market Recap: 10-Year Yield Surge Sparks Tech Selloff: The 10-yr yield broke out to ~4.687%, raising the discount rate on future earnings and pressuring the long-duration growth names QQQ is packed with.
Goldman Trader Warns AI Credit Risk May Be Spreading Across Markets: Goldman’s prime-book data shows tech net-long exposure collapsed from 26.3% to 14.7% amid one of the largest hedge-fund tech unwinds in a decade — institutional money actively de-risking the exact names QQQ concentrates in.
🚨 Trigger: Enter as long as $15.28 support holds
🛑 Stop: Soft stop, daily close < $15.20
🎯 Targets: $17.50 → $19.00
🔁 🎬 My personal plan: Commons
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