Trading Simplified - Save Time, Make Money
I've made all of my trade ideas available. Simple, easy to follow, I've done the prep work for you. Now all you have to do is trade.
This service is for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. These are my opinions and observations only. I am not a financial advisor.
Time is undeniably the most valuable of all and anything you can do to save time is almost always worth it in the end.
I’ve thought about this a lot over the past six months and realized that with very little extra of my time, I could save you and many other traders a TON of time.
Now that is value added!
I try to provide at least one trade idea in this newsletter every week, and we will get to that here soon for this week I promise! But I have a watchlist of over a dozen stocks that I’m actively looking to trade every week.
So I have been busy working over the past few months, learning how to build a Discord server to house all of this information, and then I started building one.
It is called Trader Nate Trading (TNT).
I followed up by spending weeks of trial and error while trying to figure out how to set up Trader Nate Trading and maintain the server so you can get the most out of it.
Afterall, this is to benefit YOU and save YOU time, so that needed to be my focus.
But I also value my time, and didn’t want to have to spend hours and hours full of extra steps and added work to provide this info to you.
And that is when the TNT Discord idea hit me.
Instead of keeping all of my trading notes and trading ideas on my own personal notepad, I would drop all of them onto a discord server organized with channels for each stock I am watching and trading and call it Trader Nate Trading.
And while it would take more of my time, I am able to leverage what I’m already doing and minimize the impact which also allows me to keep it super cheap.
You get all of this from TNT for less than $1 per day.
I’ve added a channel for trading chat and one for weekly trading plans. There is also an announcements channel and a trading education library that I will be perpetually building out.
The idea is over time we will find ways to improve the TNT community and it will only grow more and more valuable as I learn more about what you would like to see.
And don’t worry, the newsletter isn’t going anywhere. I enjoy writing too much and will continue to provide weekly thoughts and trade ideas.
TNT is for those that want more. More trade ideas, more education, more everything!
Here’s a look and a link to Trader Nate Trading.
My entire watchlist included, each ticker symbol with its own dedicated channel (left side of the screenshot below) to keep things clean and organized. Here are some notes on DKNG for the coming week.
If you are looking to learn the same strategies I utilize and are looking for a wide range of trade ideas, Trader Nate Trading could be a great fit for you.
Interesting Trade Idea - PLUG
I usually post ideas for trading a range or selling covered calls to collect piles of cash. That is a favorite trade of mine.
This week is a little different as a set up for a potential big breakout showed up.
The candles for PLUG have been on a very nice run lately moving from $7.50 to over $13 per share since the start of May. Trying for a double!
Taking a step back to look at a longer term chart, the downward trendline provided resistance again last week and shares sold off Thursday and Friday.
You can see this clearly by zooming out on the daily candles for PLUG, the picture is not the prettiest.
You might think I am considering taking a short position in PLUG here but I am actually looking at the opposite direction.
Why is that? The trend is down and we don’t fight the trend, right?!?
Right! We are anticipating a trend break and it might be playing out.
Taking a closer look at the chart, the 20-day simple moving average (SMA) crossed above the 50-day SMA in June and both moving averages are curling up slightly.
Additionally, the candles are now above the 150-day SMA which could provide support on a further pullback, near $11.80.
If shares hold up above 11.75, watch for an attempted breakthrough of the trendline. If the trend is broken with force there could be significant follow through to the upside.
I like considering trading for upside if shares hold above $11.75 and make an attempt higher targeting $13.40 and $15.00 for taking profits. That said, a breakout here could run a lot higher so I like leaving a few runners.
If shares reject at $13 and fail to break out, be ready to close the trade quickly as a reversal back to near $10 could happen fast.
The Trading Triangle - Live on YouTube!
I will be talking more about the PLUG trade idea this week on The Trading Triangle. Be sure to subscribe and check it out!
If you are looking to sharpen your chart analysis skills further while hearing about what traders are looking at for possible trade ideas, be sure to also tune into A Trader’s Education podcast.
Streaming live on YouTube, I host The Trading Triangle to provide a more robust analysis complete with video. Be sure to subscribe and tune in every Sunday!
You will still also be able to find recordings of the stream on the A Trader’s Education podcast, which you can find on both iTunes and Spotify.
It is packed with value and always an all around great time!
Shaun Clarke - @ShaunClarke_ and Kaye @InvestKaye join me every week. You don’t want to miss it!
Thank you again for reading and I hope to see you in TNT! Have a great week!
Nate