One idea from this week's list. It's down today, and that's why I want it.
A name that ripped 50% in a straight line, now pulling back into the gap. The setup I'm waiting on.
Monday. Stats Edge Pro members got the full list this weekend. Entries, stops, the whole nine yards.
I usually bring you something that’s already triggered. As of recording, around 11am, nothing has fired yet. That doesn’t mean nothing will later. But I’ll give you one idea I think could trigger soon and that I like.
The name ripped from $6 to $9 in a straight line. Almost 50% with no breather. Now it’s pulling back, and it’s actually down on the day while most of my other pullback setups are green. That’s exactly why it stuck out. I want it to come down and fill the gap it left on the way up, then dig in. That gap area is where I’m looking to get involved.
The exits are simple. A stop if it really starts tanking below the setup, and a time stop at the end of the week. That’s the rhythm. Take trades Monday, clear the deck the next Monday, cycle in new ones. Some members hold a piece of the good ones and let them run. That’s where the discretion comes in.
The part most people miss: by clearing out, I’m sitting in mostly cash and just waiting for the Discord to ping me when something triggers. No hunting. No forcing.
17.30% max drawdown over 25 years while the S&P drew down 57%. That number comes from a process that’s fine doing nothing when nothing is there. When the systems go into drawdown, members hear about it directly in The Drawdown Memo.
Stats Edge Pro at $149.99/month with a 30-day money-back guarantee, or $1,499.99/year. Founding tier at $3,000/year for traders who want a 1:1 onboarding call.
— Michael Nauss, CMT, CAIA, CDMS