Trading Ideas
Tuesday 6/8/21

Tuesday 6/8/21

For penny stocks I’m not seeing many trade set-ups today, but CFMS looks interesting.

CFMS stock chart

Consolidation at the 200 MA, 50 MA coming in for a possible death cross (DC). The MACD looks interesting, not the way I typically like but with a low RSI and pennant consolidation, I’ll be keeping an eye here.

Gold penny stocks are still consolidating… trading involves A LOT of patience (plus risk management and emotional control). Lack of patience made me miss out on a huge move with XSPA last year. Studying stoicism and military strategy has helped a lot with these aspects of trading. I’ll have a book reading list together soon enough, but two books that will be appearing are Meditations and On War.

While I wait for trade set ups I obviously look for other opportunities. One of my favorite opportunities recently are Major League Baseball (MLB) non-fungible tokens (NFTs).

Sixto Sanchez NFT
Bryce Harper NFT

Well it’s going to be a hot one today. Topps MLB Series 2 comes out today; Mickey Moniak’s rookie card is in this set.

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