We saw it again.  We have seen this in QCOM, MSFT, and now V.  Right on the Open V traded straight up. If I told you I had a three point trade in less than 15 minutes that reoccurs would you be interested?  As an intraday trader this is a trade you must add to your quiver.  Let’s discuss.

I hear it all the time.
“Bella that stock was too scary.”
“Bella that stock was too steep.”
“I missed that move because I was trading PG.”
“Bella I do not like to trade on the Open.”
“Bella I like to wait 15 minutes until the market settles.”

These are all excuses to miss a great up move right on the Open in QCOM, MSFT , and today V.  This is like a golfer who can’t hit his 3 iron.  This is not a scarey trade.  I was aggressive right on the Open with V today because…..

1 ) it was very strong into the Close yesterday.  It never traded below 61.80 after the Fed and held nicely near 63.50 into the Close.
2 ) The first ticks were up above 64.
3 ) The first tested bid held.
4 ) The next resistance was not for miles, 67.
5 ) V has a history of being explosive.
6 ) V is a Tier 1 stock that Hedge Funds and Institutions buy.  Think best of breed.
7 ) The SPY’s are above 87.
8 ) Strong stocks have made strong moves after solid earnings.
9 ) The bids kept stepping up and holding.  This is the key.  When I see this I think “game on.”  Now I am aggressive.
10 ) The bids never dropped from 64 to most of 67.50.

I do not care where V closes.  This is a momentum trade to be made on the Open.  Later, the market rolled over so V plummeted.  I care about a pattern that I see time after time which most developing traders miss.  This is easy money.

Well there it is.  A trade which you should master, place in your quiver, and utilize every week.  For those who say,”Bella the stock is to scarey,” that is garbage.  Your job is to become a well rounded trader.  The market does not care that you are anxious during such a trade.  If it is hard, then we do what is hard.  This is a trade that works.  Learn it.  Get over your trepidation.  And make some easy money.

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