EP 232 | Trade Recap: Manic Meme-Stock, Profound Profit w/ Nishant Porbanderwalla
Trade Recap episodes are a new format (in addition to regular episodes), with the purpose of analyzing each aspect of a guests’ trade: idea, execution, management.
Nishant Porbanderwalla—a senior trader at proprietary firm Kershner Trading Group—is no stranger to the show. In his third appearance on Chat With Traders, Nishant recaps how he booked an outsized six-figure profit trading meme-stock NASDAQ: DWAC (Digital World Acquisition Corp).
The date was 22nd October 2021, the day DWAC traded from $50 up to a high of $175, on news of a merger that would launch Donald Trump’s planned social media platform Truth.
00:00 – Intro
01:55 – Identification
07:00 – Trade Recap
27:36 – Review
31:26 – Outro
1. Premarket (early), short feeler position.
2. Premarket (near open), long into large buy imbalance.
3. Post-open, long into regulatory halt.
4. Regulatory halt lifted, short gap up.
5. Post-capitulation, short scalping.
As always, Chat With Traders content is not to be taken as financial advice. You are entirely responsible for your own trading/investing decisions.
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