Hey Trash Panda Traders! Let’s build a strong community by sharing our daily trade recaps. What did you trade today? What strategies worked, and what didn’t? Let’s learn from each other and refine our skills together! Drop your charts, insights, and any lessons learned in the comments. 💹🔥

Trade Idea: YMM Trade Type: Small Cap Gap Grade: C (25% of normal position size) Entry Criteria: Price opens at or below 9.94. Buy stop limit order at $9.95. Target 1: $10.44 Target 2: $10.94 Target 3: $11.44 Target 4: $11.94 Target 5: Trailing Stop Hard stop: 4 hour close below $8.89 Trail stop after the first price target is hit. Rationale: YMM gapped up today on a positive earnings report and a stellar earnings call. Their income increased 81.4% year over year. Their revenue is up 33.9% year over year. Demand for their logistics solutions has increased by 22.1%. Their monthly active users went up by 33.6%. Comments: With this entry below $10/share this is an executable trade for a smaller account and only needs to be checked on once or twice a day with a casual glance at the 4 hour char. To learn how to execute this trade with precision and how to size the trade accordingly, I highly recommend watching my free tutorial on how to trade this specific strategy.

I spent all weekend reading this book and can't recommend it enough for day traders. My biggest takeaway was around the sunk cost fallacy and continuing to invest in the hopes that a loss can be recovered. At one point in the book, she suggested that sticking to a trade would be the same as buying into the trade, and if you wouldn't buy into it at the given moment, then you shouldn't stick to it. She also hammered home the concept of kill criteria. Specific triggers that indicate your goals are unlikely to be met, making the decision to exit easier. I've found myself holding onto losers for far too long, and several concepts in this book really hit home. Some highlights are summarized in the link below, but IMHO the book is worth the time for a full read. https://admiredleadership.com/book-summaries/quit/

Hey Trash Panda Traders! Let’s build a strong community by sharing our daily trade recaps. What did you trade today? What strategies worked, and what didn’t? Let’s learn from each other and refine our skills together! Drop your charts, insights, and any lessons learned in the comments. 💹🔥

The Markets: - SPY continue to get all time highs and continue the uptrend. The gap up after the election was a pretty strong move. Remember, the amount of time it takes for a gap to fill (or not) will give you a good indication of how strong the market it is. If this gap doesn't start to close by end of day Monday, I like the chances of continued upward momentum. Hard not to be bullish when you look at the chart. - QQQ finally hit the new all time high I was saying it wanted sooner rather than later. Chart looks like a similar story to SPY at the moment with a couple of gaps. Watch how price reacts to them over the next couple of days for a hint on how strong this move really is. Economic Data: - Bond markets are closed for Veteran's Day on Monday. Keep an eye on volume as you trade this holiday. - Lots of Fed Speakers this week so if you notice some random mid-day volatility that would most likely be the explanation. - Tuesday- Fed's Waller at 10am EST, Barkin at 10:15am - Wednesday - CPI in the premarket could provide some important price levels for the day to watch for potential support/resistance or trend days to set up. Fed's Williams at 9:30am, Logan at 9:45am, Musalem at 1pm, Schmid at 1:30pm. - Thursday - Jobs data and PPI in the premarket will provide the levels of the day to watch. Fed's Powell speaking an hour before close. I'll most likely try to be out of the market by then. - Friday - Fed's Williams at 1:15pm. Earnings Reactions to Watch: - Tuesday - PLUG, HTZ, MARA, RKT, RKLB - Wednesday - NU Sectors of Note: - XBI (Biotechs) on day 6 above the 5 SMA. A close above tomorrow makes day 7. - XLY (Consumer Discretionary Sector) on day 6 above the 5 SMA. A close above tomorrow makes day 7.