Newsletter 02/06/2024

Newsletter 02/06/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
February 06, 2025

Quote of the Day:"We have two ears and one mouth so we can listen twice as much as we speak" -ZENO


SpeedTrader is a sponsor for the Newsletter!! As many of you know, I trade small caps. I've been focusing on small caps using SpeedTrader as my go-to brokerage for the past 8 months, especially for shorting stocks. TD, ETRADE etc. are so unreliable. My fills were also terrible. I would see the price LOWER and still have trouble getting filled. I use SpeedTrader because they have TRUE Direct Market Access, so I can execute my trades. Plus, their customer service is top-notch —always there when I need them.

Check out the promo rate and full details by clicking on the banner/logo above or any of the links. Remember, I can only share what I personally use SpeedTrader for—I can't offer their services or answer questions about them directly.

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: LIPO SBET

  • This worked out pretty good yesterday….”SPY creating a pretty nice trend on shorter time frame (596.17, 597.67, 599.49) - interested to see if this can keep today. No real bias. I feel 600 has lost the “psychological Level” since we have been here so long. “

No interest: 604.73 - 606.3

Above Targets: First target is 606.99 Second target is 607.31 Third target is 609.1Reach Target is 6012

Below Targets: First target is 603.93 second target is 602.63 third target is 600.98 Reach Target is 598.93

AMZN LEVELS:

No interest zone: 237 - 238.91

Above Targets: First target is 239.75 second target is 240.81 third target is 241.46 Reach 242.52

Below Targets: First target is 236.62 second target is 235.1 third target is 234.12 Reach Target is 232.22

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.