(WARNING) Get Ready To Short This Stock Today!!!

TL;DR

The content discusses a live trading session where the speaker opens a short position on SMCI, makes a profit of $2,300, and sets up for short positions on ARM and COIN.

Transcript

I wanted to share a couple ideas with you guys on what I was setting up for but very quickly uh during today's live trading session with my lpp team again I do trade live every morning it's just the raw kind of like thing like this where you get to see my screen you get to see me in the corner uh and you get to see all of my entries and exits live ... Read More

Key Insights

• ☄️ The speaker emphasizes the importance of entering a trade only when the criteria is met and not being afraid to share trading ideas that may not come to fruition.
• 💭 The live trading session provides valuable insights into the speaker's trading thought process, including good and bad trades and risk management.
• 🔇 The speaker mentions upcoming reports on PCE prices and GDP second estimate that could impact the market.
• 💨 The opportunity to watch the speaker's live trading sessions is offered to beginners as a way to understand trading terminology and thought processes.

Questions & Answers

Q: What was the speaker's trading strategy during the live session?

The speaker opened a short position on SMCI, sold it quickly for a profit, and planned to open short positions on ARM and COIN based on their overbought conditions.

Q: Why did the speaker choose to short ARM?

ARM is up 11% and has a tendency to retrace after reaching overbought levels, making it an attractive shorting opportunity.

Q: How does Bitcoin's movement affect the speaker's short position on COIN?

If Bitcoin continues to rise, COIN is likely to rise as well. However, if Bitcoin pulls back, COIN will likely follow, presenting a shorting opportunity.

Q: What factors might cause the NASDAQ market to sell off?

If the NASDAQ market breaks below the EMA on the 1-hour time frame, it may retrace back due to concerns about economic data and potential tech stock sell-offs.

Summary & Key Takeaways

• The speaker opens a short position on SMCI, sells it quickly for a profit of $2,300, and prepares for the next short positions on ARM and COIN.

• ARM is overbought, up 11%, and likely to experience a pullback, presenting a shorting opportunity.

• COIN tends to correct itself after reaching the 180-185 range, so a short position is being set up assuming Bitcoin pulls back.