Happy Turnaround Tuesday!

If you don’t know, portfolio managers use the term “turn around Tuesday” because this is when a large majority of mutual funds and institutions trade! The movement from the Monday before often dictates the direction of the market for the week.

Short and sweet. I’m bullish on Crypto since the recent pull back. However proceed with caution. Bitcoin and Ethereum are my favorites as well as blockchain company RIOT. I made a call on FAZ which is the 3x Banks and has been a nice and slower paced trade for swing traders potentially. I’ve added an energy company to the list. And a healthcare- See and screenshot the watchlist below.

1/12/2021 at 9:48 AM

A HUGE KEY to managing the crypto exposure is if you enter $GBTC, $ETHE, or $RIOT. It is important that you do not enter the position with standard purchase size. Cut that in half, and manage the position going forward. ALSO ONLY BUY AT A PRICE BELOW CURRENT USING LIMIT ORDERS. This will help us keep the edge. $AVGR is a stick “dead cat bounce” play. $EOG my favorite name in the oil and gas space.

There is one stock on this list that I plan to trade today, this week, and months going forward. To find it, follow all my social media. I’ll be announcing sometime this week.

Happy Trading and LGR!

Chase @ Everbullish

I took this beautiful picture on the way to work this morning. Fischer, TX. On the “back way” to Wimberley.