Morning Matt/Steve- Would you please share some information on the BPT 4xMA indicator shown in Chart 9 of the newsletter?  It jumped out at me that this is indicator is still green on a 2-hour timeframe.  Thanks!  Matt.

Silver futures up 2.7% this morning.

DBO I think.

That looks nothing like the weekly chart of TSLA on the ToS platform!

QQQ New highs end of day Friday on lowest daily volume of the week.   I don't trust it....

Great trade! Thanks Matt and Steve.  I sold half already and have a stop at $9.30 for remainder.

Covered call or short position?

Gap down this morning....

Good education - thanks Matt.   I use a variation of this whereby rather than have a fixed risk amount I use a percent of my portfolio size as my risk amount.   This way my risk amount stays appropriate for the size of my portfolio. - Matt.

Hey Arun - Would you share your thoughts on this please?  What are you seeing in the price action?  Thanks!

The https://breakpointtrades.com/watchlist/page shows the trigger for ACMR is $63.   The high today was $66.49, so yes it triggered.   I set up a auto-trade so I am long with a stop at the last higher low on the hourly chart $56.23.

(SPY) One scenario I am watching for if we pull back again.   Obvisouly will be invalidated if we take off from here.

Matt - Your automated systems have an excellent track record.   They're the main reason I joined.   I know that you believe that the systems are not suitable for the current environment, but do you think you will bring them back in the future?   What does that future look like?  Thanks!

I am stalking an ABC back test to the trend  line for a short entry

:)

thanks Matt.  This is an interesting example.  Assuming that i am setting up trades the night before, and therefore ignoring all indicators except price, I would be looking at an almost 10% max loss between entry and the first stop.   Assuming that my rate of winning trades  is 60/40 I would have to make a minimum of 6.5% on a successful breakout just to break even over time.   This serves to tell me that this ain’t easy!  

Steve - Thanks.  Appreciate you taking the time to respond.   I am still working on defining my style - as Matt has said, it can take years.   I came to Breakpoint for the automated systems but am trying to make the most of what's available given the lack of system triggers.   I have a day job and don't have time to watch the market all day so my learning is slower.   I am also trying to pre-define the trades i.e. add stop loss and profit taking  trades at the same time I set up the trigger entry trade (using ToS First Triggers OCO functionality).     - Matt.

Thanks for sharing Matt!

Steve - If you have time would you please expand on your KDMN newsletter comments.   Sounds like you didn't get stopped out.   The $4.77 long trigger from the 6/17 newsletter hit on 6/17.  On 6/19 we saw a bearish engulfing candle with massive volume.  The day after that on 6/20 there was downside follow-through which bust down through the 9, 20 and 50 and was over 8% down from the trigger entry.   What did you see on 6/20 that made you want to stay in?   Trying to learn from the master :)  Thanks.

I listened to all the talk of day trading in the newsletter.   As someone with a day job, day trading to me does not mean entering and leaving a position on the same day.   Day trading for me means being in a trade where you have to constantly watch the market.    I am trying to make the most of the daily trade ideas and have had some success but obviously the # of winners and % gains are reduced when you have to set initial stop and exit price at the time of entry.   This is not a complaint.  Best - Matt.