How to Trade an "Irrational" Market + Meme Stocks + Scan for June 7th

📈 Full Scan www.investorsunderground.com/...
👕 IU Apparel shop.investorsunderground.com/
✅ Broker of Choice investorsunderground.com/cp
If you’d like to understand more momentum day trading strategies and trade with us LIVE in chat every day please visit www.investorsunderground.com/
Review important disclosure information before watching this video www.investorsunderground.com/...
#daytrading #stockmarket #investorsunderground

[@byronrodriguez9401]

9:10 Look back and give yourself credit for having a consistent process and look back at how far you've come. Don't worry about how much someone else is making just focus on yourself. Great advice for us still new to the game and that see others are making more with a gambling strategy while you're sticking to your process, managing your risk vs reward.

[@davidgregory1089]

2:21 Key take away risk management and not entering trades without a plan or outside your skillset. The way you talk about risk management and the psychology behind it really helps when avoiding FOMO or trades I shouldn't be in. While I hope I never reach a point in my career I have to use it, I just found out this last week that some brokers will even allow you to set a hard stop and auto stop you should you reach it if you can't manage your Risk and then you go mention it again in this vid.

[@rojanziaei6020]

Just finished watching every single IU youtube video in 1 month! :D 16:35 "Wait for things to turn and there's your edge rather than trying to find the top because you will get yourself exhausted"

[@DawsonD22]

Thanks Nate - 2 Main Takeaways this time: 5:30 - discovering cracks in your foundation, mistakes that are mine and mine only. and build off that to grow to next level. 15:30 - why are you already flipping ur bias? big move comes after the big move. once tide changes, doesnt have to bounce, doesnt have to pull back.

[@julienriegel8246]

27:30 great example of dip buyers becoming pop sellers. 👍🏻

[@justintrades8656]

11:30 Every time you prepare for a trade you should understand what type of trade that is (ex: failed follow through momentum). This gives you expectations on what the trade should look like if it's successful. I always think about the "Walk into Profit Quickly" rule by Jesse Livermore, and what signs/behavior invalidate my setups.

[@arnoldflx]

11:46 you explain how the break of a key level and confirmation should look. Far too often I would fall in to the trap of 'well it broke this resistance level let me start in short' only for it to get bought back up immediately.

[@kylem6481]

Key takeaway #1 4:50 "Know your weaknesses" and eliminate that stubbornness out of the equation. Prevent a small loss from spiraling into an unmanageable loss. I am a new trader and am lucky to have an 85% win rate. However, there have been a few times where a small loss, turns into a larger loss due to my own weakness of not cutting out and stepping back. Key takeaway #2 8:05 "somebody always makes more" just focus on yourself and improving your own game to level yourself up. It's easy to dismiss the positives of our own trades when we see friends and others made so much more.... Who cares! Someone else's P/L doesn't put money in my bank account or improve my trading game. This is my first week with you all. Excited to learn and improve my trading game plan and take my trading to the next level.

[@Matt90G60]

Great stuff as always Nate love the opening commentary, it always keeps me grounded.

[@chase337]

I do this all the time, $F, nail the top, then sit there while it moves sideways believing it's going lower for the rest of the day. I stay too long. Thanks as always.

[@rapturerich]

'"Lets See what it does" - Famous last words

[@annettebrooks5464]

Very informative, my take away as a new trader is knowing what category the trade is in and not to focus on too many trades at the same time, knowing you may loose out on something very big. Thanks, have a very good trading week.

[@jyoung6708]

What does he mean exactly when he says "they used that $5 break out to downsize their soak so they can support the dip"? Someone who knows the answer pretty please explain this thoroughly. I want to be sure i got it right. I was on the long side here at 03:17 PM with nice gains but was looking for that $5 squeeze. I knew that lower high from the 02:10 high to the 03:10 high was bad news but i held it until it collapsed through vwap. Came out unscaved but had i read this correctly i could have gotten out sooner.

[@jonmessmer9020]

6.28 Sounds like pretty good lessons and watch list. Sometimes unclear to me if he is buying or shorting.

[@tonychimenti7268]

27:10...Dip buyers become pop sellers.. Pure Gold

[@pepeetxeberri9273]

12:48 using AMC as an index (the Meme index) to help you gauge other WallStreetBets meme stocks like TLRY, BB, WKHS, et cetera.

[@PaperArcher]

14:50 asking yourself if the trade you want to take or are already in falls into a proper category can be extremely useful when trying to stay out of emotional trades

[@LetheMusicFlow]

3:30 risk management is key and very important. Always a good reminder to stick to risk

[@OkieTradez]

can you do a deeper look into adapting..

[@kevinsayan190]

8:25...Always focus on YOU, always focus on YOU, always focus on YOU.

[@velcrosky]

2:50 - know your number where your drawdown makes you go into tilt mode 11:50 - watch for level to confirm, not just breakdown 15:10 - often biggest move comes after the first big move - be cautious switching bias too soon

[@Keranrin]

8:05 someone always makes more, see how far you’ve come

[@zg7920]

Nate what broker do you use ?

[@dukethefool]

33:20 I was one of those in the trade that didn't recognize that $WINT was building strength around $2.50 [ soaking?] I got out too early and missed the big move of the day in that trade. I'll know to watch for that next time. Cheers

[@joshhawley5073]

8:10 Always focus on yourself, you say it over and over again but it is so important. Trying to push something that isn’t there for you will only get you in trouble.

[@stonksforever]

8:30 Just focus on YOU, what you could have done better, how you could have performed better on a risk management/scaling

[@LostOneTrades]

@8:27 hopefully this takeaway was from my tweet the other day! 🤙🏼 Focusing on yourself is key!

[@blakeferguson4204]

“If you are always attacking as soon as it breaks, a lot of times that’s where the trap is” 12:20

[@lukev4006]

6:07 looking back it’s your base for the next level. The new launch pad

[@MrAkosFintor]

8:58 the root of all unhappiness is comparison

[@neilsaintjean8836]

12:46 Using a stock as an indicator. Using AMC for the meme/reddit stocks the way the SPY is used as an indicator for trading many stocks This is such an important point. Using AMC as a speedometer.

[@alf4789]

36:20 Make sure you trade a setup as opposed to something random

[@movingtraderofficial]

Key takeaway: around 16:36 There is so much range right now. Wait for it to turn to get into the trade.

[@computeraccount4254]

4:50 need to know what your weaknesses are in this market. could use a slap with being stubborn

[@jacobbath956]

28:23 Prove TELL was decent for me last week after it proved its pull backs and the proved it was going for the break through.

[@Jollynescoo]

26:05 understanding fake outs near 52weekhighs

[@amandacharles6720]

2:20-4:30 understand your weakness. Once you realize your weakness make your focus to cut it off. Analyze your losses and where you allow them to compound. Review your biggest and average loss and put in an auto shut off.

[@crazysongfreak1]

35:50 be picky when it comes to trading, only trade your best setups with a clear defined risk/reward

[@gtrdude6]

3:50 Have a max stop loss and use it!

[@Dsize]

16:30 being cautious on the bounce on stocks like amc, wait for the confirmation. Easy way to ruin a month on thinking a stock has to do something when trading irregularly

[@georgeotel4430]

Key Takeaway -->> 9:15 Look Back and give yourself credit for how far you've come 20:25 Market and momentum is not going nowhere

[@samkeller989]

4:30 just stop!!! More often than not, you’re ahead by stopping rather than trying to ride it out! So true for me

[@sneakyzekey]

15:00 and 36:00 put it in category. If you can't then its not a good trade.

[@nicolasc5420]

3:47 Max stop loss. If professionals have it, everyone should have it.

[@robertharris4661]

2:30 There’s a number where you losses balloon. Ive had these days where I have a loss and it’s not a big deal. Then I get into a trade and double down or trade another ticket for a loss. And so on. I get yo a point where a trade ruins an entire week or month. Got to have more discipline and trade less.

[@imparooo]

12:50 'meme' sector :D

[@leandlouchk]

15:25

[@bto9273]

"Those times when I get a little stubborn, that's when things start to kick off a notch and I can always use that slap, get out." 4:50

[@blakeferguson4204]

“If you can’t put it into a category, then how can you prepare for the trade” 15:00

[@KuKoVisuals]

Key take away don't short AMC

[@samkeller989]

1:30 What’s next? Always be another trade coming.

[@joshhawley5073]

14:40 the imagination of traders start to see reality

[@ivicamaric88]

10:28

[@skeswani6822]

4:00 risk management! You get rich only once!!

[@tenmike]

Key takeaway…3:15 set a stop or loss shutoff amount to limit a big loss.

[@alecrieken8210]

12:12 break fail fail consolidate

[@ctmuzite]

35.50 , key takeaway. If you can’t put a setup in a category, there is no trade.

[@jamesdixon7776]

Key Takeaway: “a lot of times the biggest move comes after the big move” 15:10

[@jamesdixon7776]

This was big considering the bias flipping mentioned after. I think that can happen to a lot of green traders who wait for a move and get it later than expected, which causes them to end up switching bias to whatever the contrary play may be

[@r.h.9745]

4:00 Know your limits and the previous "big loss" numbers that got you emotional and making bad decisions. Don't cross it

[@south_paw]

10:29 key take away if you’re going to leave a key take away and you want to win something remember to hit the like button, which I failed to do for last weeks video.

[@mattayele1906]

"markets can stay irrational longer than you can stay solvent" and have that max loss number as a max draw down before you turn that loss in to something silly. have that reset and next mentality. never put your account on the line !!

[@brianfox2661]

Mr Bradley Garreth has been behind my progress in recent times and it's a big fact I cannot take off my mind.

[@John-sn4hl]

I was happy I made $5k on AMC until I saw Dux make $3 mil....