Newsletter 02/20/2024

Newsletter 02/20/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
February 20, 2025

Quote of the day: “STATS ARE FOR LOSERS, FINAL SCORES ARE FOR WINNERS” - Bill Belichick


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.


From Yesterday
“A big watch for me today is $SMCI I PERSONALLY would like one more big green day but with this gap up it is pretty over extended (red line is about current pm price). Don’t really want to be first to this trade but if we were to run off open, go parabolic and go red that is when i would most likely sink in and try to have patience…”

Not bad - but tape did not feel heavy enough… maybe it sets up tomorrow but will need like 70+. As you can see I have no interest in over staying at trades. This was an A+ trade but turned into a B trade when it was not staying heavy. Adapting is critical and why I say my thoughts at 9:15:01 could be completely different than 9:15:01:01







SPY seems somewhat weak… We will see … I think we could be setting up vs 612ish area…
IDEALLY we chop around today and do not breach highs… This for me could be setting up a big Friday SPY trade…. only time will tell… (ATH incoming now that I said this hehe)

No interest: 610.75 - 612.30

Above Targets: First target is 613.23 Second target is 614.6 Third target is 615.9 Reach Target is 618.4

Below Targets: First target is 610.01 second target is 608.81 third target is 607.44 Reach Target is 603.61

AMZN LEVELS:

No interest zone: 224.81 - 226.58

Above Targets: First target is 227.68 second target is 228.34 third target is 229.12 Reach 230.21

Below Targets: First target is 223.7 second target is 221.1 third target is 219.5 Reach Target is 217

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.