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Dear Traders,
Our community had a fruitful day trading the stocks in-play today: PLTR and INTC. Many traders followed my thought process live inside the BBT chatroom and asked some meaningful questions too.
So in this newsletter, I want to walk you through the detailed recap of my trades, from how I entered to the level 2 liquidity I saw which helped me maximize my profits.
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| 60K day trading PLTR with Opening Range Breakdown Short Setup. |
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| First Trade: INTC $60 Breakout Scalp (+$4375) |
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| This trade is a simple breakout scalp. INTC was a stock in-play and it’s reached a new all-time high. I went long for the breakout move near the $60 psychology number.
As you can see on the chart above, Market Atlas was showing a very stacked liquidity level at $60. That’s how I knew that INTC was going to $60 and possibly squeezing higher.
If I was wrong, I was ready to get stopped out at any candle closure below VWAP. Eventually, INTC went all the way to $62 but I exited this scalp quickly at $60.2 to focus on PLTR. |
| Second Trade: PLTR 5-Min Opening Range Break-down Short (+$50730) |
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| The entry for PLTR was confirmed when the price action formed a 5-minute opening range break-down. Market Atlas was also showing there’s clearly more downside liquidity levels on the depth of market.
I entered short at $135, targeting $133 and $132 liquidity levels observed on Market Atlas.
As we are day trading and scalping, we need to keep an eye on the Level 2 / Depth of Market. A modern visualization tool like Market Atlas makes it easy for traders because it makes the imbalance between bid and ask obvious. It also clearly highlights the nearest liquidity magnets, telling traders the most likely short-term direction that price is heading toward. |
| Profit-taking & Trade Management for PLTR |
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| I took the first partial profit when PLTR broke the liquidity magnet at $133.90, which also aligned with the previous low of day on the candlestick chart.
Why partial? I wanted to stay longer and capture the bigger potential sell-off down to $132 and even lower. I was clearly seeing more stacked bid orders on the downside, thanks to Market Atlas. |
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| Eventually, price took out the $133 liquidity level, followed by a huge selling action at $132.6 which can be seen on the heatmap (the enlarged red footprint bubble). Next, price headed straight to $132 where imbalanced bid orders were stacking at.
I was live streaming my execution chart and my Market Atlas to show our BBT members and let them follow my thought process in real-time. |
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| I didn’t just exit fully after $132 broke. I zoomed out on Market Atlas, and it showed a very heavily stacked psychology level at $130. That’s why I had a strong conviction to keep holding this short position and added more shares on the bounce. |
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| Eventually PLTR reached my final target $130, and it quickly bounced off the level. I locked in even more profits, and was observing the bounce move to prepare for a full exit.
Is Market Atlas recommended for beginners?
I get this question frequently in my emails. And the answer is 100% yes. Because we created this tool to simplify level 2 reading, making order flow and depth of market much more obvious for traders to keep an eye on during fast-paced trading. |
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| A BBT member shared how Market Atlas made a huge difference on his first day back to live trading after practicing with sim for 2 months. |
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| I also answered this question from Luan live in the chatroom this morning:
I always have my chart and Market Atlas side-by-side. When my chart setup appears, I quickly check if there’s any liquidity magnet in the direction that favors my trade. Choosing the stocks-in-play is also very important to the way we trade. That’s why we recommend traders to join our premarket livestream in our chatroom or on BBT’s YouTube channel. |
| Use Market Atlas and Trading Terminal Premium Features Today!
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| If you are looking for a more structured, closely guided trading mentorship program, check out Peak Capital Trading Bootcamp.
This is an intensive 13-week structured program with detailed curriculum for traders to master a setup, live trade with dedicated mentors in a small private group, and meet up regularly to review trades and performance goals.
Click here to learn more about the bootcamp’s schedule and the bundle deals we are offering right now.
Feel free to reach out,
Andrew |
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