Trader_Kaji

Trader_Kaji

February has been a big month for me in terms of process improvement and profits. I picked up some big winners with SPCE long, CZZ short, XPEL short, and TTWO short however I missed a lot of runners as well. February has also been a crazy month towards the end with this current crash in the markets. Amazingly, I managed to switch my bias early and profit off...

Trader_Kaji Updated 

This is what real panic selling looks like. SPY just blew through all important Anchored VWAP and moving averages. SPY is clearly in a downtrend and I would not be a buyer anytime soon until the trend termination is confirmed. "A trend is innocent until proven guilty". Don't try to fight this trend or you will get burned. Of course we are getting to extremely...

Trader_Kaji Updated 

With market weakening and a big gap down day, I've been continuing looking for short ideas to ride this possible start of a big downtrend. TTWO has been of interest short since making a bearish PEG and creating a nice rising wedge pattern. I was looking to get short at the break of this pattern. Entry - 112.70 Stop Loss - 115 Target - 100 I already exited...

Trader_Kaji Updated 

Been stalking PAAS ever since it had a nice breakout last week. Today PAAS looks like it is done pulling back and looking for a continuation move. PAAS is a silver miner which usually acts inversely to the market making this an acceptable long trade. PAAS pulled directly into the previous all time highs and printed a Hammer Candlestick on the 30m timeframe. I...

Trader_Kaji Updated 

Today we saw continued weakness in SPY after yesterday's gap down and consolidation move. SPY closed today at Low of Day (LOD) meaning sellers are still in control coming into tomorrow. I believe more downside is still possible as the RSI on the Daily Timeframe is not yet oversold. I've noticed a lot of people attempting to look for bottoms this morning,...

Trader_Kaji Updated 

Recently market weakness made me want to look for and take on some short ideas in order to hedge some of my long trades. I have been stalking CZZ short and long and today CZZ looks like momentum is carrying it to the short side. CZZ has been in an overextended run for the past year and looks ready for some retracement. The 20 and 50 DMA is falling and price is...

Trader_Kaji Updated 

As market weakness continues, I been watching for new shorts to take right at market open. The gap down in the futures will probably create a lot of emotional sellers and stop out a lot of longs. XPEL has been having trouble keeping above all time highs and had a solid line of support to play a breakout trade to the downside. Both the 20DMA and the 50DMA had...

Trader_Kaji Updated 

Since failing below the 20DMA last month, NIO has been consolidating nicely in a tight pennant pattern. NIO is looking like it's about to breakout. There is a key breakout area at 4.15 where the Anchored VWAP from the December 30th breakout and the 20DMA lines up. Entered this trade early today as it looks like momentum could carry NIO above this area. Went...

Trader_Kaji Updated 

Trying going long PETS again since stopping out last week. PETS has been within a beautiful consolidation pattern right above the Cup & Handle breakout pattern on the daily chart. PETS is holding the 20DMA and is coiling tightly at highs. I entered within the consolidation as PETS sprung from the support this morning and back near the breakout zone. Entry -...

Trader_Kaji Updated 

PINS recently gapped from earning but failed and pulled into the previous gap up area. PINS had recently bottomed last year but broke out and is now in a strong uptrend holding the 20DMA. Following this gap up and pullback, PINS is now at the 20DMA and bounced off it on the 30m timeframe. This is considered a Holy Grail Trade where a trending stock holding the...

Trader_Kaji Updated 

Forgot to make a trade journal yesterday for PLAN long. On Feb 4th, PLAN broke out to new highs but failed and revered in the subsequent days. During the reversal, PLAN hammered at the breakout point and the 20MA indicating strength. Since then PLAN is consolidating above the breakout area and possibly ready to head to new highs. Entry - 61.07 Stop Loss -...

Trader_Kaji Updated 

Ever since the Muddywater news drop and recovery, LK had been consolidating right under 39 before recently breaking out. LK had been holding above the rising 50MA indicating strength. On 2/13 and 2/14, LK made two inside day candlesticks in a row and formed a coiled spring on the 30m timeframe. This is an indication of future volatility and a possible breakout....

Trader_Kaji Updated 

PETS recently broke out of a Cup and Handle pattern while holding the 50MA. There was good volume on the breakout yesterday however today PETS pulled back and hammered off the breakout point. I took the opportunity to go long PETS within this pullback. This is a clean Cup & Handle setup with a clean line of resistance. I also like the fact PETS already...

Trader_Kaji Updated 

Forgot to make a trade journal yesterday for SPCE Long. I've been stalking SPCE during it's consolidation and a nice ascending triangle was developing on the 30m timeframe. SPCE a speculative stock that's been gaining momentum since it's bottom last year. I think SPCE has a lot more to run. Entry - 20.31 Stop Loss - 19.49 Target - 25 SPCE had a great start...

Trader_Kaji Updated 

ACMR is a volatile and speculative stock that has been in a tight consolidation for the last month. Yesterday, ACMR looked like it was taking off and I missed the entry, however today ACMR reversed but bounced off the previous breakout area. Since ACMR retested the breakout area, I went long this retracement. Entry - 39.49 Stop Loss - 36.95 Target -...

Trader_Kaji Updated 

I am revisiting SDC since going long and stopping out on 1/21/2020. Since then, SDC has been consolidating nicely with a tight pennant pattern on the daily chart. SDC is a speculative name with a huge short interest at 30%. This stock has the potential to short squeeze. Furthermore, as TSLA continues it's rampage, there has been a heightened sense of delusion...

Trader_Kaji Updated 

BYND is coiling up for a big move with an Inside day candlestick on low volume . This is a big volume pattern as volume is literally drying up. This could be considered a "Quiet and Tight" pattern. I also love the price action on the 30m timeframe at 106 support. This support was tested twice with a 2B reversal/double bottom and a tight pennant pattern is forming....

Trader_Kaji Updated 

Put on a hedge trade with CDE encase markets roll over after this extended bounce. CDE is retesting the prior breakout point and 30m timeframe is showing a rounded bottom pattern. Super obvious accumulation going on in CDE near the bottom. Long - 6.33 Stop Loss - 6.00 Target - 8.50