How I Made $3.7 million on PLTR: Key Lessons for Traders

About this Video

• Video Title: How I Made $3.7 million on PLTR: Key Lessons for Traders
• Channel: Steven Dux
• Speakers: Steven Dux
• Duration: 00:11:24

Introduction

This video is a trading recap by Steven Dux, detailing his trades over the past few months and the key lessons learned. He focuses on several tickers, highlighting profitable and losing trades, and emphasizing the changing market conditions and the importance of adapting trading strategies to the current market volume.

Key Takeaways

• Market Conditions: The market has changed significantly since 2020-2021, with less liquidity and more "fake liquidity" impacting trading strategies.
• Bitcoin Treasury Plays: Many companies are establishing Bitcoin treasuries, leading to short-term price spikes but with reduced potential compared to previous years. The speaker cautions against over-reliance on this strategy.
• Multi-Day Runners: These are defined by a stock's performance exceeding 500% within 2-3 days. The speaker highlights the importance of criteria such as float and market cap in identifying these opportunities. Shorting after the first red day on a multi-day runner usually offers better results.
• Risk Management: Careful sizing and risk management are crucial, especially in sectors like biotech, energy, and Bitcoin-related stocks, often requiring reduced position sizes.
• Adapting to Volume: The speaker notes the increased pre-market volume and the need to adjust strategies accordingly. Pre-market volume in 2023 differs significantly from that of 2020-2021.