All eyes on Micron ($MU) today, and it didn’t disappoint. The entire markets were selling off this week as investors have been de-risking before Micron’s earnings.
MU dropped below $1000 today during the regular trading session, reported earnings, absolutely crushed the estimates, and the stock skyrocketed back to a new all-time high.
When this happened, I was on my live mentorship session with Peak Capital Trading bootcamp members. I shared my perspective with them regarding the current market environment and also took a quick scalp on MU during the live mentorship.
We traded MU after-hours earnings breakout move together during our bootcamp’s live mentorship session.
WallStreetBets Meme Stock Comeback: Wendy’s (WEN)
During the market open this morning, I was live trading today’s stock-in-play, WEN, with 800+ traders in Bear Bull Traders chatroom.
It was crucial to understand the stock selection thesis and the nature of this kind of meme stocks. For WEN, it was a retail hype and Day-1 move with significant premarket volume. It’s also important to note that we intentionally used smaller size for this smaller market cap play.
With significant volume during market open, we were able to see an obvious liquidity on Market Atlas. I entered this long with my 1-minute opening range breakout tradebook and used Atlas to confirm that there’s a realistic price target at 8.3 and higher.
During my live mentorship with PCT bootcamp, I also shared my personal insights on how to manage the halts when trading a small-cap breakout.
1-minute ORB long on WEN from $8, took partials at $8.30s and $8.70s based on what we saw on Market Atlas, and exited the remaining shares at break-even.
Join BBT Exclusive Live Mentorship at 8PM EST
We have another live mentorship session at 8PM EST today for BBT members. This session will focus on Trader Psychology and Emotional Intelligence of a trader. If you still haven’t joined us, you can make use of our discount offer and membership deals now.
Trade live with me and our expert traders in our chatroom, attend our live mentorships, and study the step-by-step tradebook courses in our Education Center.
Special Live Interview on YouTube this Thursday 11AM EST
I also want to invite all of you to join me live on Bear Bull Traders YouTube Live Morning Show on Thursday, 11AM EST. I’m doing an interview with a well-known performance coach among our community, Jared Tendler. Jared is also known for guiding professional athletes and active traders in the mental game of performance. He’s also been interviewed by some of the biggest channels out there, so make sure to join me live to ask him your questions. This session is free on our YouTube Live.
Use Market Atlas on TradingTerminal.com
If you are serious about day trading, I highly recommend having Market Atlas open next to your charts. Market Atlas gives you a clear visualization of the order flow, making it straightforward to identify whether there is real liquidity to target in your trade.
Market Atlas is part of Trading Terminal Premium, so you can also get access to our real-time trading platform, live audio breaking news, advanced stock scanners and replay backtesting. You can start accessing all of these premium trading tools with $19.
