{"id":2296,"date":"2019-07-15T06:00:28","date_gmt":"2019-07-15T13:00:28","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2296"},"modified":"2019-07-16T12:33:28","modified_gmt":"2019-07-16T19:33:28","slug":"success-in-trading-breaking-down-nerv","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/success-in-trading-breaking-down-nerv\/","title":{"rendered":"Success in Trading: Breaking Down $NERV"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-106-success-in-trading-breaking-down-nerv\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<h1><span style=\"font-weight: 400;\">Ep 106: Breaking Down $NERV<\/span><\/h1>\n<p><span style=\"font-weight: 400;\">All traders are bound to experience challenges at some point in their career.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For SteadyTrade co-host Stephen Johnson, it\u2019s been hard to maintain motivation in recent months due to a mixture of trading ennui and fear brought on by unsuccessful trades in the past.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But it seems he\u2019s turned a corner &#8230; He reports he\u2019s currently up $1,300 on a $580 account and generally feeling more inspired about the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What happened, and what\u2019s he doing right? In today\u2019s episode, he and co-host Tim Bohen review it all, including a detailed analysis of his recent success trading NERV.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what\u2019s behind this turnaround? Stephen credits a few different things, including:\u00a0<\/span><\/p>\n<p><b>A great session with The Wall Street Coach.<\/b><span style=\"font-weight: 400;\"> In case you missed it, <\/span><a href=\"https:\/\/www.steadytrade.com\/the-wall-street-coach-in-action-stephen-johnsons-coaching-session\/\"><span style=\"font-weight: 400;\">Episode 104<\/span><\/a><span style=\"font-weight: 400;\"> featured a session between Stephen and Kim Ann Curtin, aka <\/span><a href=\"https:\/\/www.thewallstreetcoach.com\/\"><span style=\"font-weight: 400;\">The Wall Street Coach<\/span><\/a><span style=\"font-weight: 400;\">. Together they uncover a lot of what\u2019s been holding Stephen back.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, they also address a variety of possible solutions, including a potential trading sabbatical for Stephen. Learn why the prospect of quitting actually lit a fire under Stephen\u2019s hindquarters and helped him find his will to succeed!\u00a0<\/span><\/p>\n<p><b>Less time. <\/b><span style=\"font-weight: 400;\">Stephen\u2019s had a ton of responsibility lately at his day job, and it\u2019s been eating into his trading time. But that\u2019s actually a good thing \u2014 with less idle time, he\u2019s not falling into the trap of \u2018boredom trading.\u2019\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Boredom trading, or trading \u2018just because,\u2019 usually doesn\u2019t end well. Tim and Stephen talk about this all-too-common trap, and how new traders can and should avoid it at all costs!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Listen in to learn why too much time isn\u2019t necessarily a good thing for traders, and how to make the most of your trading even with a tight time budget!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">About NERV\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When Stephen saw what was going on with Minerva Neurosciences (NERV), he saw an opportunity too good to pass up&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Minerva is a clinical-stage biotech company with several drug candidates in the pipeline. If you\u2019re not familiar with biotech companies, they\u2019re notoriously volatile in the stock market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Why? Because these types of companies are all trying to create miracle drugs, but until they receive FDA approval, they don\u2019t make a dime. Yet to continue developing the drug, they need to continually raise money &#8230; So they\u2019re constantly spinning press releases.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If they do in fact get approved and create a successful drug, the potential for profit can be great with these stocks. But a lot of them ultimately fail \u2014 so it\u2019s a huge risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Stephen, this was \u201ca bread-and-butter short.\u201d The stock was hitting highs and then coming down, and there was no relative volume. He sensed that it was a good time to make a move.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">NERV: How It Played Out\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the episode, you\u2019ll get a play-by-play of the market conditions on the day of the trade and how Stephen pulled it off.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen and Tim break down the trade, starting by evaluating the chart pre-market and through a company conference call, then taking a look at what happened when the market opened.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the day of the trade, the two biggest gainers were a female viagra play and an obesity gadget play, both of which spiked then got destroyed. Lame &#8230; but these conditions may have helped create an opportunity with NERV.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen explains his entry and exit points \u2014 and how he made back some money that he lost on a short by going long. Yes indeed: <\/span><i><span style=\"font-weight: 400;\">he was a double agent on this trade<\/span><\/i><span style=\"font-weight: 400;\">! Don\u2019t miss the discussion about this dangerous technique and why it worked this time.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Got a Question?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Are you dying to ask something about Stephen\u2019s trade &#8230; or the market in general? Don\u2019t be shy! We love to hear from our listeners.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. You can send questions via the <\/span><a href=\"https:\/\/www.steadytrade.com\/\"><span style=\"font-weight: 400;\">SteadyTrade<\/span><\/a><span style=\"font-weight: 400;\"> website, <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">, or by <\/span><a href=\"mailto:admin@steadytrade.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>How much do you love this episode? Leave us an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>!\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ep 106: Breaking Down $NERV All traders are bound to experience challenges at some point in their career.\u00a0 For SteadyTrade co-host Stephen Johnson, it\u2019s been hard to maintain motivation in recent months due to a mixture of trading ennui and fear brought on by unsuccessful trades in the past.\u00a0 But it seems he\u2019s turned a [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Success in 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