Earlier this week Mike Bellafiore asked me to participate in a 30 Days/30 Habits webinar. The idea behind the webinar was to share the best practices that lead to habit formation for the top performers from our trading desk. In true Bella fashion he invited me to co-present with him a few hours before the webinar was scheduled to begin! … Read More
Trading That Crazy SRPT
The most In Play stock this morning was SRPT. It is one of the crazier liquid biotech names from a price action standpoint to ever to grace our markets. Because of the strength of the news catalyst and the size of the reaction this morning it was at the top of our AM Game Plan. I decided for fun to poll … Read More
Inside The Trading Vault – a look at GPRO and KO
Trading Vault Concept – “When evaluating a chart, continually ask yourself why buyers or sellers behave in a specific way – and what it means to them when support and resistance levels are made and broken” Many of us are up and coming traders who have consistent issues with the ‘WHY’ to enter a trade. Meaning, we don’t have a hard … Read More
Drilling Down On The S&P 500
This weekend I have seen a few versions of this daily chart of the SPY drawn with two lines to offer what appears to be “symmetrical triangle”. The idea is that buyers/sellers are becoming more aggressive and when one group wins the SPY will close above/below one of the two lines leading to an explosive move. I’m not a huge … Read More
How We Navigate High Volatility Markets
Every morning in the Trader90 AM meeting, Steve Spencer gives you a rundown of what’s in play and how to trade the market that’s in front of you. This video is a quick sample of what you could be getting every morning as a member of Trader90… Join SMBU Trader90 Now >> No relevant positions.
Making Your Visualizations Better
Making Your Visualzations Better
The Analyst Downgrade Bottom–Micron
When a stock has been in a longer term down trend there are many ways that it can put in a tradeable bottom (assuming it isn’t a commodity stock in which case it may just file for bankruptcy at some point). The fundamental cause of its down trend goes away. This is what happened in Apple in 2013 after its 40% … Read More