Thursday’s ReCap for 10.2.025

RR 38 m.f.,  Richtech Robotics  is a Las Vegas based Industrial Machinery ticker. This went mildly supernova in its infancy and has had a few nice multi 100% runs.  It is currently in a 3^rd wave of a push upwards and is threatening to have a blow off top over 6 and hopefully toward 12.  A recent “short expo” by Capybara Research is likely adding fuel to the fire as price action is everything and I’m sure plenty of traders blindly followed his thesis.  I’m long 1500 shares from 4.20 after shaving off 500 shares yesterday.  Looking to sell another 500 just under 5.00 & 5.25 then aiming for 5.49 and 6.49.  I’m not opposed to adding after a pullback and may keep a piece for a true blow off.  656k Shares Available         2.6m Shares Available  I took off 250 shares at 4.99 as planned, but didn’t wait for my 5.24 opting to sell 250 @ 5.135  This is often a mistake I make, abandoning my targets that 9 out of 10 times get hit.  It is a balancing act of locking in profits while following your plan.  I have not added back, but support at 4.75 could be a good place to do so if we have get a “bear trap”

OPEN 667 m.f.,  Opendoor Technologies  is a Tempe based Real Estate Services ticker. I have made a nice sum off of this ticker, but have also given too much back getting overly aggressive.  This remains highly volatile, although a slow mover it has no problem climbing 10% then forming a head and shoulders before giving back the days gains.  With some sort of new catalyst or abnormally heavy volume this could make for a good long.  Just don’t overstay your welcome as shorts continue to slam this back down.  3.4 Shares Available         800k Shares Available $OPEN has been developing a bear flag and seems to want to crash under the 7.75 support.  The range is diminishing and there could be a play down to 7, but the $OPEN army is known to step in for sharp recoveries.

OPAD 18 m.f., Offerpad Solutions Inc. is a A.Z. real estate company.  They are riding the coattails of the $OPEN “meme” stock and has support in the 4 range.  If $OPEN goes on a run today this could be a good buy over 5.  Watching for volume in the 10s of millions.  130k Shares Available.        140k Shares Available $OPAD continues to trend down, and most gains seem to be met with sharp selling.  There is lots of resistance all the way to 5.00, but with a strong move in $OPEN, this could come back to life.

RDDT 169 m.f., Reddit Inc. is a San Fran media company.  This ticker has been a monster the past year but recently started falling and had a big tank yesterday morning after it was revealed that AI will no longer be using their skewed opinions that are provided by a largely libtard subsect of users.  I had a bunch of overly aggressive shorts and longs on the bad news.  I had the right ideas, just much undisciplined execution.  No trade, but watching to see how it rebounds after yesterday’s massacre.  1.5m Shares Available.         1.4m Shares Available $RDDT’s weakness continues.  The daily looks like it wants to move to 160s if the 200 support can’t hold.  A move to 225 wouldn’t be surprising, but a failure in that area could offer a good short

RGTI, QUBT, QBTS ?? m.f., These quantum names have been getting some hate lately.  I have had a handful of failed shorts as they tend to have a big range.  Any future shorts should be approached with a take profits early & re-short mindset.  The past 5 days offered legit shorting opportunities, but I did not participate.  Now they are getting a 1^st green day, but low volatility means I won’t trade them long. Plenty of Shares Available  The quantum bear market was all of a 15% pull back.  These tickers are spiking to new highs and it seems a lot of followers of Martin Shkreli are getting burned.  These may be over fluffed, but the bull market is raging.  This may offer great short opps when things turn, but are we years away from that??

AMZN, AAPL, SPY, QQQ, DIA, MDY, IWM, The markets are gapping up and making a.t.h.’s yet again.  Crypto and Quantum are up as well.  Look like a good day to be bullish. The markets had a huge dump off of the gap up, which is probably a good thing.  Once the gap filled she climbed right back up toward a.t.h.’s

My biggest goal right now is to Let My Winners Run.  This has been my biggest hurdle and is very much what is stopping me from being a significantly successful trader.   I also need to cut out the “bust” cycle that has crippled my equity curve.  I have had some excellent trades then thrown all the profits away being overly aggressive on b.s. plays.  My swing trades tend to work well, but I give away just as much overtrading b.s. set ups.  The day I find patience and hammer down on A+ plays is the day I overcome my Boom & Bust cycle.  Swing/Position trades have been my bread and butter, but I really need to nail down the intraday plays.

I have been bad about having a watchlist and plans before my recent trades.  I intend to change that as building these watchlists/recaps is very much part of the process/discipline necessary to constantly evolve and succeed in the speculation world. We are in an amazing environment right now and there has never been more opportunity to score runs as well as hit Homers! Alexander Elder said it best with this quote.  “If you let the market make you feel high or low, you will lose money”  With that in mind I will do my best to follow my plans and not let Elation, Fear, or Greed influence my decisions. 

 

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