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Today we interview community member Nate Wilson who traded Clay’s account while visiting in the past few weeks. We take a look at FL on the 2 minute chart. He puts in his first fishing order at 72.35 based on the momentum of the chart at the open. They talk about how they really want it to get overextended before they enter. After seeing the action, he moves his entry to 72.85 based on the movement. We see he gets filled and makes a quick 75 dollars.
Nate sets up his second trade which blows through his initial entry. He gets a pullback which fills him for profit in the next 2 candle. Nate discusses why you have to be patient if you are going to build a position.
We look at OLED on the 2 min chart. He gets a fill at 78.85 and covers at quite a nice level. It pulled back well further than his initial target and got filled at 78.55.
Clay and Nate take a look at AAOI which was in a really nice uptrend. His initial order was at 46.35 which it also breaks through extremely fast. As fast as it broke higher, it snapped back relatively fast to his target order at 46.25.
Nate walks us through his CNCE trade where he did need to build a position. He walks us through his multiple entries before it eventually pulled back for profit.