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- Newsletter 02/04/2024
Newsletter 02/04/2024
Newsletter 02/04/2024 Sponsored by SpeedTrader
Mitchell Hennessey
February 04, 2025
Quote of the Day: "I have no special talents. I am only passionately curious." - Albert Einstein
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This trade below is from November. I am able to route through FAN, ARCA etc. using SpeedTrader to help me get the best execution price. The commission rate posted on the link above is $.0015 per share when using code HUGHHENNE. Be sure to read the web page and/or contact SpeedTrader for details. |
This was my trade 01/27 for NVDA. Just as discussed yesterday - Patience. This was a 2.5% trade. I never gave it the opportunity to go against me. Without the tools from SpeedTrader and patience I might have had 2…3 losses prior to this and would just be working to make it back.
If I were a risk manager at a fund this would be on every traders sheet today:
Small Cap gainers ill be watching:
SPY: I am really interested to see if we can hold this 595 - 596 area… Similar to last week I would ideally like that level to be my “spot”. Flush down and use it as bottomline risk or Keep under and act as brick wall. I am writing this EOD Monday so interested to see where we are in AM. Notice TSLA, AAPL and SPY look identical. Obviously those 3 are usually relative to each other but after a big move you usually have some deviation (AMZN). What I am trying to say is to watch your risk - they are a “basket” imo. If you have a position on 1 you have a position on all 3. Ideal situation imo would be if the basket flushed down quickly, recovered violently and grinded rest of day. In this scenario you could size down, have positions on a few favorites that have similar charts. This way you are not “guessing” which will have rel strength / weakness but can instead spread risk and manage each. I would use SpeedTrader conditional orders and just let it ride..
No interest: 596.77 - 598.82 |
Above Targets: First target is 600.01 Second target is 601.11 Third target is 602.52 Reach Target is 604.42 |
Below Targets: First target is 596.15 (can extend NI to here) second target is 595.11 third target is 593.33 Reach Target is 591.58 |
AMZN LEVELS: I feel like I say this constantly but AMZN is a juggernaut…. I keep waiting for the “I turned 200 into 20 mil just buying amzn calls weekly” posts on reddit. (This always ends bad lol) |
No interest zone: 237.11 - 238.8 Above Targets: First target is 239.22 second target is 239.99 third target is 241.77 Reach 244.3 Below Targets: First target is 236.67 second target is 235.67 third target is 234.12 Reach Target is 232.22 |
TSLA LEVELS: |
No interest zone: 381.17 - 385.96 Above Targets: First target is 387.67 second target is 389.67 third target is 391.79 Reach 397.17 Below Targets: First target is 378.5 second target is 376.9 third target is 374.5 Reach Target is 371.7 |
GOOD LUCK AND BE SAFE
H.H
“Hazard Zet Forward”
PLEASE READ: I am doing this because I love the community and enjoy talking about stocks. I have a right to talk about stocks and I’m going to do just that. Nothing is advice. I am not a financial advisor. This is not advice (seriously, i mean it). I am not a pro. I could be buying or selling any ticker mentioned at any time. One more time - I could be buying or selling any ticker mentioned at any time. I will do what I want and I want you to do what YOU want. Any money made / lost is the result of your personal decision - “Daily Newsletter” “Hugh henne” “Mitch Hennessey” or anyone / anything connected to any of those are not liable.