A trader is only as good as the stocks he trades. This means that he needs to always be on top of his stocks and always have his best picks on his watchlist. One of the things that used to happen to me all of the time when I was a new trader was I …
AAOI is a stock that was down on Friday by 35% based on bad earnings. This stock got smoked out. Looking at the daily chart, AAOI dropped from this negative news hitting the lower Bollinger Band. Additionally, AAOI was struck with an SSR, a Short Sale Restriction. Often times when a float, the number of …
Read moreBanking On A Squeeze Trade At My Airbnb In Barcelona
We had some great action in the market today as the SPY gapped down premarket right to support and bounced off of the $242 level. The hottest names to play were definitely AAOI and SHOP as they exhibited the same textbook bounces. When the market trends like it did today, buying on the dip will …
On April 13th, AAOI gapped up more than 10% on company news. But the news was just fluff! So after the jump the stock faded the entire day dropping from $50 to $45. This jump formed a gap fill area for AAOI between its April 12th’s close at $40.82 and April 13th’s $45, a $4 range. …
Recently we published a previous article on Aligning Multiple Timeframes. Well our own Szaman must’ve read it, because he made a killer trade today doing just that! In case you don’t know, Szaman is also one of the moderators of our chat. He calls out trade opportunities to everyone in the chat as he’s placing …