Short squeezes are happening!Discussing some potential short squeeze candidates.
Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm.
All of these names need to be monitored in the near term for opportunities.
Shorts get nervous when stocks are moving higher.
AI, SPWR, CHWY, WOOF
SPWR
Week Slightly in RED But Many Teaching Points! - 05/08/20 RECAPHi traders,
Welcome to a week sup-up together with Friday RECAP.
As I explained in Thursday video it's sometimes hard to judge whether you should hold onto the trade and it really comes down to your backtesting and psychological comfort.
I am, however, pretty happy about the reverse I did in SPWR because I've been studying this behavior for the last couple of weeks and it did (sort of) work out!
My Trades:
1) CNP - LONG @18.32, jumped the ship before my original SL and then the market finally turned and went without me. -0.86%
2) SPWR - LONG @8, unfortunately, didn't go as far as my target. Moved my SL to at least don't lose on it. -0.1%
3) SPWR - SHORT @7.74, seeing a typical extended behavior with a volume drop, I found a nice technical formation to go again, this time SHORT. It didn't really move much after, so I exited before the end of the day for a +0.2%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -0.76%
Total PnL for the week: -1.12%
Good trades,
Tom | FINEIGHT
BULLISH: First Solar, huge potential returns but be patientSolar is not baseload energy, however, it is now the cheapest form of electricity.
