Another week in the Kangaroo Market. heap hop heap hop heap hop after tension grows over the role of Chinese companies in the U.s after deadlocks and uncertainty over the next stimulus bill after a 3 000 run in the camera company termed form a conglomerate, Kodak after Spacex successfully brings back two astronauts to Earth and after Elon Musk answers the most pressing questions of today on Twitter. After all of this, many are returning back here with one simple question. a question that Siberian tribes would huddle together and chant into the mid-russian skies.

A question that the first explorers of America came to the New World in search of an answer to. And finally, this is a question that originally established the Gnome of the Garden now commonly known as Garden Gnomes. And that question is what? What Charlie Are the top three stocks for this week? But first, in order to know how to trade these, let's go ahead and review last week last week we started with Amd. Now, Amd was due for an earnings announcement and had been running up prior to that news on news that Intel wouldn't be competing with them for another year on one of Amd's most important chips.

I said I wanted to get a good deal and a sell-off, but sadly Amd just bottomed out in the beginning of the week. But after the announcement, Amd ran up from 68 to 79.97 Next, we talked about mrna. We spoke about how Mrna had just received more government funding for their vaccine and how their sell-off would bring heightened upside Come market Open Monday. That is exactly what happened.

Mrna ended up gapping up massively at pre-market open and continued running up the next few trading periods. Lots of beautiful opportunities. However, this is one of those plays where a lot of the move was immediate at pre-market open. This is a good example of why having too obvious of a setup is a problem because if it's too obvious then everybody takes advantage of it and it gaps up too quickly.

But luckily we did get an intense run the next day with a really clean setup, so you have to be prepared for the less obvious setups as well. Okay, Lastly, we talked about Mu. We talked about how Mu likes to overheat to overbought and then sell off to Oversold and does that again and again. And since it had just been at Oversold, we talked about how it was due to get overbought again based on past previous behavior.

This is what we call a comeback king pattern. And of course, this pattern repeated itself the very next day by going back to overbought the day after it went to oversold, and later on in the week it went back again to overbought. This is one of those cookie cutter plays that is very fun to play off of, but it's also necessary to not assume that the pattern will last forever, and thus you do need to control the risk of when it inevitably breaks. But anyways, folks, one of the things that I'm really known for is being very, very annoying and reminding you to always have a plan when trading stocks.

So many people don't realize that short-term profits are often just long-term losses in disguise. If you're not doing something that works over many trades, then it doesn't really matter if it works on one trade because you're just going to end up losing it the next time. When it doesn't work, let me give you an example. So last week we all watched Kodak run up massively and I saw tons and tons of posts of new traders who put in a few thousand dollars and all of a sudden they were posting pictures of ten thousand dollar gains.

One guy even messaged me with a thirty thousand dollar gain and was like hey Charlie, look how good I am Then I asked him how he did it and I kid you not, he could not tell me what made him take the position and what made him sell out of the position? He couldn't tell me So I responded, why are you proud of that? You just gambled My struggle is how do I actually tell somebody that's made thirty thousand dollars in a day or in two days that they're not actually a good trader? How do I tell someone so emboldened by their short-term success that if they can't replicate that success in the long run, that their money may now will really just be lost in the future. In other words, my struggle has always been: how do I help reinforce and encourage people to have good habits in a market environment? That's probability based, right? So that sometimes rewards bad habits Because at the end of the day, if you can get away sometimes with having bad habits, what makes it so that those bad habits don't get reinforced? If you're the type of person that's holding randomly through halts, you're holding randomly through just these intense run-ups, and then you get rewarded by that. How do I reinforce that? Hey, that's not a good idea. Well, I can't because you're all of a sudden all emboldened by the fact that it just worked.

But that's not going to work over a hundred trades, but not managing your risk, not having a clear plan, not knowing why you're entering or exiting a position. These aren't things that are going to make you successful over the long run, and if you think that they will, well, you're going to get burnt. And I'm not saying that you couldn't have traded Kodak in a sustainable way for folks who are in Zip Trader U. I actually posted this in one of our trade Target watch list right before the bigger run and there were many clean runs.

But if you didn't have a clear plan, if you weren't able to control your risk, and if you just held randomly even though it kept getting halted, then you're not going to have a good time doing that over hundreds of trades. But anyways, folks, enough with the buzz killing. The only thing that I want you to buzz kill is that ravishing Like button buzz kill it by hitting it ravishingly and quick. Plug: If you are in the situation where you're sort of fumbling around, you don't have a clear pathway to your trading and you want to grow your account.

Well, we do offer Ziptraderu, which was built to help you from the ground up and forge you into a trader. but it is important to know that Ziptrader you. Well, it's not magic like any class we expect you to put a lot of work in when people enroll in something like Ziptraderu. Obviously, they expect a very top-notch experience, but we also have expectations from you.

We expect you to put your very best effort forth in order to get the most out of the program as possible. But anyways, folks, if you'd like to learn more about Ziptraderu, you can go to Ziptraderu.com or by going to the link in the description below. Of course, you can also get Ziptraderu for fifty dollars off if you type in coupon code stayhome2020. Okay, first Chegg Chgg.

Now Chegg will be releasing their earnings on Monday after hours. Chegg is up nearly 100 on the year and has a history of reacting massively to earnings announcements. Chegg is a homework helping and tutoring company that has grown really popular and done really well with students staying at home for their school work. I actually used them personally a few years ago when I was at Ucsc.

They're really great because they show you step by step how to work through some of the most complicated problems, and I took a ton of classes like programming and economic calculus, and Chegg would have all these little guides to work me through the problems and I'd also have all these little examples to work through as well. I sucked at paying attention in class, so Chegg was really helpful because they actually gave me tons of do-it-yourself prompts so I could go and do it. and I could learn by doing. Wow! this almost sounds like a plug for Chegg.

Get two free stocks if you sign up with Chegg in the link below. Just kidding, there's no plug for Chegg. But enough with the sentimentals, folks, how do we make money out of this dog of a company? Well, Chegg has been trending up for so long and it's definitely looking like it's in a pre-anticipatory run to earnings. Now, the goal with this is either to trade continued price, strength, the earnings and then sell out and play the post reaction.

or if we don't get the setups we want, just play the post reaction. Now, ideally, the best case scenario with this is that it sells off towards earnings and we get a blowout earnings report with newfound upside. Or we get a terribly unexpected bad earnings report after it already ran up in pre-anticipation and accordingly gives us a huge overreaction to trade off of. Now, a lot of people are watching Cheggs earnings announcement tomorrow and many have set a high bar.

While there is nothing more juicy than a company with high expectations that then disappoints, this also has the ability to exceed expectations as well. So at the end of the day, we want to be open to trading both sides of the move. Okay, next Intc Now many of you have noticed that I've been fairly quiet on Intel since news of their original drop. While we did have it on our watch list and zip trader circle, it's just that Intel has not yet found what appears to be a clear bottom.

We may love beat down stocks, but we also don't like buying stocks that are just dying dogs on the side of the road. We want to make sure they are showing signs of a recovery, but to understand what moves Intel, you need to understand why it got beat down and just to play catch-up Intel has been fighting a market share war with the likes of Amd, Nvidia, Ibm, and an ever-increasing slew of new smaller companies, But the biggest threat these days has been coming from Amd, and Intel was about to close that gap in market share. But then they announced that they would be delaying that for a year, which resulted in Intel getting beat down massively. But Intel is a very large company with a complex product line and at this point we've given so much share value away that we are literally edging close to crisis lows.

And as Intel starts to slow down its falling share prices, it's time to start shouting for a bottom. This is a company that will find a bottom that we can trade off of and provide a lot of upside. Okay, lastly, Jnug and Jdst. Now, as many of you know, I've had a strong focus on trading gold for the last few weeks or so.

The way that I do that is by trading Jnug and Jdst's clean runs. Now, I made a whole video on this called what I'm Buying and I did an in-depth breakdown of my outlook on gold and why it's so powerful to trade. But the way we trade gold is by playing setups that lead to clean runs. And this is great because Jnug Jdst are inverse pairs, so you can trade Jnug when gold is going down and Jdst when gold is going up and make a profit.

Okay, to finish all this off, let me just give you one more bonus. Okay, so it's also worth noting that Microsoft will be worth watching this week as we get into talks on a possible tick tock acquisition. Okay folks, Well, I do hope this video was valuable to you. If you have any questions whatsoever, feel free to reach out to us in the comment section below or join us on our lovely Zip Trader Circle.

On Zip Trader Circle, we also post our nightly watch lists and we have a ton of other great stuff on there. So if you are dedicated to trading, go ahead and join us on Ziptrader circle. And lastly, if you're wondering what broker to trade these stocks on, we always like to send new traders over to Evil and Weeble is offering two free stocks if you sign up with our link below. Anyways, folks, have a great day and I'll see you in the next video.