Today in Focus: Don’t be a Hero

Trading Services I Use in my Trading:

StockAnalysis.com - I’ve been using Stock Analysis as an affordable but reliable method of looking at New and Upcoming IPOs, Earnings Calendars and most notably KPIs (Key Performance Indicators). Stock Analysis allows you to view the KPIs for many companies with up to date metrics and segments that you can cross reference against Earnings Results. This is incredibly important when understanding what metrics move a stock. At $65 per year it’s a no brainer. They’ve given me a discount code if you use IRISHBORNINVESTOR they will give you another 10% Off.

Market Condition: Market Under all MAs. Gapping under 200MA, VIX Rising

Commentary: Market Conditions Deteriorating. Potential for a bounce today with a red to green or tomorrow as we’re right back down at the bottom of the range.

There are three decent candidates today (SATL, RIVN, FIVE) and in a better market I’d be inclined to look at at least one but in this market with the risk that I still have on I’m inclined to just pass on them. I think FIVE probably has the best chance of follow through as it’s not tech related and is a recession/inflation stock. I am unlikely to trade any of them today.

No reason to be a hero here or try to get ahead of the game. Preserve capital and mental capital. Apologies for those that expect wild picks every day. Unfortunately some days the best trading occurs by turning off the computer and checking back at the close…

Upcoming Earnings:
Today AMC: APL, ETON, SCHL

New Positions: OSS

Current Positions: FSLY, DELL, SWBI, NKTR, YOU, CRCL, MRVL, AMPX, RLMD, NIO, NBIS, LWLG, OSS, SEI

Closed: ROIV

Delayed Reaction Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}