Mitch Picks

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$CEI predictions next week? Honestly can go either way, curious Fintwit thoughts. 2x days of almost 1bil volume. Insane.
Slower week for me. Early October remains similar to summer months.. Slow with pennies. Watching $IWM closely, around this time last year is when we started making a run. There's some nice setups forming as well...
$AEHR breaks high of day we see 20+ which could cause a massive squeeze to 22-25+ into after hours. Monthly chart shows range. High risk/ high reward.
$AEHR setting up for power hour.
break from screens are good..this tape will eat ur energy and tweek you
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$SHIB.X $SHIB Shiba setting up for another run this weekend. What are they odds? Probably pretty high at the way buyers came in on that dip.
TRADERS DONT HAVE PATIENCE REASON MOST FAIL
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Haven't done a watchlist in a while. Themes I'm beginning to see pop up: Recent IPOs, Shippers, Retail, Biotech, China Education. What else you guys seeing? What runs next?
$IWM updated chart. Starting to get tighten up more and more. Above all 3 major MAs again. Now leading the $SPY & $QQQ . Lets see if we start seeing small caps with a money switch from large caps to small caps in coming weeks.
$ANY at a key level from yesterday's highs. Looks like it wants to squeeze.
$SHIB.X $SHIB continues higher no sell signal in sight yet but be smart. Some are up a lot. Also expect sympathy coins to run eventually off of this too.
Lastly, yes I been drinking 🍺 🍻
So if every penny stock is a pump and dump then how come we can’t all work together? Egos, hate, longs vs shorts and everything else get in the way. There will always be Fintwit fights, just have to be able to deal with it and ignore the noise. They just bored and ain’t us!
My last thought on this tweet chain is that all penny stocks are a pump and dump! Impossible to play them unless your trading them on high volume/ news days. PR days they up 50%+ and come back down 99% of the time even lower.
All about risk/ reward and managing it. Also knowing these are penny stocks, they can do anything. Normal trajectory of them is down, so we’re just catching a day/ week or 2 bounce. But always manage risk!! Can’t stress this enough!
Because of this, usually I have my “full” position at say .50. When I re add I don’t buy “full” since there’s more risk on the table. Begin managing risk on the way up. I may buy 100k at .50 for “full” pos, but only 50k total at 2.00 on a dip re add buy.
I may hold a swing from say .50 to 5.00. My strategy is to sell on rips and re add those on dips. I don’t hold 100% from say .50 to 2.00 on the way up so my avg might be 3-4 when it finally hits 5.
Lots of Twitter chatter. Happens every year around this time (when market slow). Just know my process: Buy at support, sell at resistance. Easy as that. Don’t overcomplicate it.
$ANY should be on everyones WL tomorrow heading into pre market
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$ELON.X $ELON holding full! Should go off of $SHIB and $DOGE
$ANY $BTBT both perking off of $BTC.X $BTC strength & testing high of day.
$ANY nice dip buy opportunity under 6.80 & VWAP area. With $BTC.X $BTC strong, it appears this was just a short who held their position as they went to lunch. They'll cover soon.
$ANY for intraday trading, knowing these trendlines is a MUST. Middle red line is from the daily breakout by the way (AKA Major Support area). Do we get that merger run up now? Do we get a Full Send?
$ANY through 7... Should start seeing chasers and momentum traders join. Had multiple weeks to add this under 6. Might be last time we see it under 7 now. Only time will time. BTC merger play. HUGE
Only swings holding up are OTC. $LHGI $CLTS $GMPR remain the 3 I’m loading
Choppy market. Took pre market gains and am running errands. Will try to be back for power hour. Another good day for that
$BTC.X $BTC massive intraday buyer came in right at that double top/ resistance area I just mentioned. Should continue getting high attention this week. Watch for pullbacks & see if we can hold 53k area (Previous resistance)
$ANY turning into an easy add whenever we get under 6. Eventually we will break over 7. Until then, play your strategy.
$BTC.X $BTC BIGGESET VOLUME OF THE DAY
$BTC.X $BTC Bitcoin approaching double top/ resistance area. Break of this area we should see all time high test/ 60k+.
$BTC.X $BTC here comes the big breakout. $BTBT and $ANY had a few minutes to load while BTC was going. Love to see the small lag in the market which gives us time to load up!
$BTC.X $BTC picking up strength again. Testing 52k level. Watching $BTBT and $ANY to follow. Both starting to get some volume.
Remember: it took @Mitch___Picks years to become profitable @SDhillon07 worked at Amazon saving up for a LONG time @MrZackMorris nearly blew up his account @ShinobiSignals did blow up an account It took me 2+ years of studying & failing YOU WILL MAKE IT.
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Go easy on the people that doubt you. They don’t understand & why would they?
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$RGS did we finally bottom?!
$ANY starting to get hits in after hours with $BTC.X $BTC getting new highs. Guess we just had to wait until after hours to squeeze this. Maybe 7+? Chart is still setup perfectly.
$ANY added more at close. Bitcoin over 51K. This one is lagging and with high short interest it can squeeze. 😉
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carbon neutral bitcoin miner $ANY
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$BTC.X $BTC names closing strong. Watching $ANY into after hours. Will begin watching other crypto related names as well.
$CEI Unhalted... And halted again..
$CEI Camber Energy comments on Short report ir.camber.energy/press-releases…
$BTC.X $BTC testing high of day. $ANY should rebound
$TLGT if true, be careful. Cutting down on my swing. If not true, we get .50-.75+ still. twitter.com/harvardzhang/s…
Both the $CEI CEO and the Kerrisdale Capital CIO are speaking. Worth the listen ⁦@mikalche⁩ ⁦@stocks2the⁩ ⁦@dehtwa⁩ Waiting for CEO to hop on now twitter.com/i/spaces/1dRKZ…
Retweeted by Mitch Picks
$CEI Halted - News Pending
$CEI bounce zone for another trade near 1.00 support. This is also right around the 200sma (red line) & the 50sma (yellow line). Bouncing a bit back to the 1.30s. Will enter again on dips. Otherwise use as a learning experience.
$DOGE.X $DOGE ripping! Knew we were early!
$CEI those 1.50 adds are looking real nice now! Name of the game. Buy when others are selling/ especially panic selling. And vice versa.
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