TSLA - Chart Link - buying that coil break
3 weeks ago not a day trade
MSFT - Chart Link - even this not a day
trade, triggered last week - okay so short term swing trade but far
from a day trade
CAR - Chart Link - was a swing trade from
mid May, doubled 100%, rallied for over a month
LUV - Chart Link - buying LUV in mid
May was a swing trade, rallied for a month over 65%
Yes plenty of day trades and other stuff - but plenty of stuff
that's not. Focus on setups you take, pick and choose what fits
you.
Id say vast majority of setups here you could hold at least a
few days - which is far from day trades. Most setups I'm holding
for a few days myself, some I hold for weeks like TSLA, LUV, USL.
But most setups are not intended for a day. but you take what the
market gives you - if something rallies 10 - 20% in a day - you
betcha I'm selling it to lock in gains.
I have found after talking to a lot of guys that they are taking
setups way too late then selling them for a loss if they dip a
little bit back below the breakpoint trendine etc. When you
trade setups that you plan to hold for more than a day - you have
to given them wiggle room. I found after talking to a lot of guys
they said they were swing traders but were taking a lot of the
trades late, then stopping out for losses on noise, or not stopping
out at all if it was a bad trade and holding for a big
loss.
Matt- that's exactly what I have been doing - trading too late
and not giving enough wiggle room. This aint easy! :)
I've been trying something different over the last week.
I've been setting up trade entries to trigger on your alert
entry price and automatically generating the stop order using the
ToS order trigger feature. That gets me in with a defined
loss but I still struggle with knowing when to get out. As
soon as I have made a few % I like to move my stop to break even.
If I make a big % I'll sell half and let the other run (like
BE today). But in the end, I still end up having to watch
the stocks as if I were day trading. I'll be OK just
moving back to the end of day SPY and 401K system alerts when those
are up and running again.
Technical analysis increases your probabilities, it doesn't give
you certainties - simply outstanding phrase
Well stated zOned - for a period of time both AAPL and QQQ were
wedging higher (high and tight patterns) BUT they never broke
support (discussed this again last night regarding AAPL) and when
these patterns don't break down they tend to explode out of the
TIGHT PATTERN. Whoever stated it was misleading is clearly a
novice trader and wants things to be absolute - well trading
doesn't work that way. PROJECT, MONITOR and ADJUST is how to
trade. If you are going to ask questions fine but make sure
you listen to the newsletters first and foremost as AAPL recent
action was reviewed last evening.
Steve/ Matt - I think daily newsletters with commentary is an
overkill. Its tough for you guys to do it everyday and its not easy
for us to spend 45 minutes daily to listen. Honestly it would be
much easier if you do one or two newsletters with audio per week
and lay out a plan.
I personally feel its much easier if you type up the set up and
the discussion behind it and post it in the trade ideas/community
during the week. These daily newsletters can cause so much
confusion and sometimes give conflicting signals as well. I wish i
can give a suggestion on whats the alternative but again other
members may disagree with my opinion.
I love the daily commentary as its one of the best benefits of
this site. Going to one or two a week would defeat the purpose of
this site and I would be gone as I suspect others would be. How in
the world can someone say these daily charts cause confusion.
If someone doesn't want to listen to all the charts and
commentary for each one they can switch from the original player to
the new player and listen to what they want to and avoid what they
don't want to hear. This suggestion that the daily newsletters
cause confusion and conflicting information is one of the craziest
things I have read on this blog! If the poster can't understand the
daily commentary and gets confused by it sounds like his best bet
would be to find another service that is more to his liking.
As I said that’s my opinion and also said others may disagree.
You don’t have to get rude here and may be consider learning
some decency. There are some sites for that too I can recommend
.
Maybe you didn’t see the posts from the other guys earlier about
how they were referring to certain charts / triggers where they
were talking about why those charts were posted etc. sometimes less
is better.
Posted by retirefire on 11th of Jun 2020 at 07:00 am
Maybe shorting the alarms looking for a B to C move, then cover
and go long. I haven't actually kept tract of price immediately
following the alarms so I'll monitor.
the vast majority of the trade ideas after reviewing them over
and over each night trade out of their patterns for 3 - 5 days at
least - the vast majority are not one day pops and done where you
had to be a day trader. Go review newsletters from the last
few weeks - look at the triggered trades section most of those you
could have bought and held for many many days. Yes occasionally we
have some that pop and done but most are decent daily patterns and
thus play out over days or weeks. not one day
I agree with what you said Matt.... For example i sold ALL my
stock and calls on AMD yesterday before close and it was such a
stupid move. Same with BABA. I got whipsawed so many times and i
was in and out mutiple times though i stayed in for most part.
There is a lot of intraday whipsaw . Honestly i dont know how
to use trailing stops or DVT`s. That would be very helpful
especially if we cant stay by the computer .
But as Ssaffer said the other day - if we follow your trade set
ups, we can catch a lot of trades. I chose to narrow it down to
quality names only because they are safer and have more liquidity
etc and it has worked extremely well
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TSLA - Chart Link - buying
Posted by matt on 10th of Jun 2020 at 04:20 pm
TSLA - Chart Link - buying that coil break 3 weeks ago not a day trade
MSFT - Chart Link - even this not a day trade, triggered last week - okay so short term swing trade but far from a day trade
CAR - Chart Link - was a swing trade from mid May, doubled 100%, rallied for over a month
LUV - Chart Link - buying LUV in mid May was a swing trade, rallied for a month over 65%
Yes plenty of day trades and other stuff - but plenty of stuff that's not. Focus on setups you take, pick and choose what fits you.
Id say vast majority of setups here you could hold at least a few days - which is far from day trades. Most setups I'm holding for a few days myself, some I hold for weeks like TSLA, LUV, USL. But most setups are not intended for a day. but you take what the market gives you - if something rallies 10 - 20% in a day - you betcha I'm selling it to lock in gains.
I have found after talking to a lot of guys that they are taking setups way too late then selling them for a loss if they dip a little bit back below the breakpoint trendine etc. When you trade setups that you plan to hold for more than a day - you have to given them wiggle room. I found after talking to a lot of guys they said they were swing traders but were taking a lot of the trades late, then stopping out for losses on noise, or not stopping out at all if it was a bad trade and holding for a big loss.
Matt- that's exactly what I
Posted by z0ned on 10th of Jun 2020 at 05:28 pm
Matt- that's exactly what I have been doing - trading too late and not giving enough wiggle room. This aint easy! :) I've been trying something different over the last week. I've been setting up trade entries to trigger on your alert entry price and automatically generating the stop order using the ToS order trigger feature. That gets me in with a defined loss but I still struggle with knowing when to get out. As soon as I have made a few % I like to move my stop to break even. If I make a big % I'll sell half and let the other run (like BE today). But in the end, I still end up having to watch the stocks as if I were day trading. I'll be OK just moving back to the end of day SPY and 401K system alerts when those are up and running again.
what about aapl, the way
Posted by imelhoe on 10th of Jun 2020 at 04:40 pm
what about aapl, the way you guys drew the ascending wedge with that divergence made it look like aapl was gonna drop. was very misleading
Technical analysis increases your probabilities,
Posted by z0ned on 10th of Jun 2020 at 05:20 pm
Technical analysis increases your probabilities, it doesn't give you certainties.
Technical analysis increases your probabilities,
Posted by steve on 10th of Jun 2020 at 05:28 pm
Technical analysis increases your probabilities, it doesn't give you certainties - simply outstanding phrase
Well stated zOned - for a period of time both AAPL and QQQ were wedging higher (high and tight patterns) BUT they never broke support (discussed this again last night regarding AAPL) and when these patterns don't break down they tend to explode out of the TIGHT PATTERN. Whoever stated it was misleading is clearly a novice trader and wants things to be absolute - well trading doesn't work that way. PROJECT, MONITOR and ADJUST is how to trade. If you are going to ask questions fine but make sure you listen to the newsletters first and foremost as AAPL recent action was reviewed last evening.
Steve/ Matt - I think
Posted by arun on 10th of Jun 2020 at 06:23 pm
Steve/ Matt - I think daily newsletters with commentary is an overkill. Its tough for you guys to do it everyday and its not easy for us to spend 45 minutes daily to listen. Honestly it would be much easier if you do one or two newsletters with audio per week and lay out a plan.
I personally feel its much easier if you type up the set up and the discussion behind it and post it in the trade ideas/community during the week. These daily newsletters can cause so much confusion and sometimes give conflicting signals as well. I wish i can give a suggestion on whats the alternative but again other members may disagree with my opinion.
I love the daily Newsletter
Posted by kmktrader on 11th of Jun 2020 at 08:44 am
I love the daily Newsletter and would be very disappointed if it was only a few days a week.
Posted by kmktrader on 11th of Jun 2020 at 08:42 am
I love the daily commentary
Posted by victorh on 10th of Jun 2020 at 08:48 pm
I love the daily commentary as its one of the best benefits of this site. Going to one or two a week would defeat the purpose of this site and I would be gone as I suspect others would be. How in the world can someone say these daily charts cause confusion. If someone doesn't want to listen to all the charts and commentary for each one they can switch from the original player to the new player and listen to what they want to and avoid what they don't want to hear. This suggestion that the daily newsletters cause confusion and conflicting information is one of the craziest things I have read on this blog! If the poster can't understand the daily commentary and gets confused by it sounds like his best bet would be to find another service that is more to his liking.
As I said that’s my
Posted by arun on 10th of Jun 2020 at 10:03 pm
As I said that’s my opinion and also said others may disagree. You don’t have to get rude here and may be consider learning some decency. There are some sites for that too I can recommend .
Maybe you didn’t see the posts from the other guys earlier about how they were referring to certain charts / triggers where they were talking about why those charts were posted etc. sometimes less is better.
I'd like to see less
Posted by roger on 10th of Jun 2020 at 06:59 pm
I'd like to see less talk and more charts from members. Used to be some good chartists here, now all talk.
A plan you say? What exactly does that mean anyway?
Maybe shorting the alarms looking
Posted by retirefire on 11th of Jun 2020 at 07:00 am
Maybe shorting the alarms looking for a B to C move, then cover and go long. I haven't actually kept tract of price immediately following the alarms so I'll monitor.
the vast majority of the
Posted by matt on 10th of Jun 2020 at 04:28 pm
the vast majority of the trade ideas after reviewing them over and over each night trade out of their patterns for 3 - 5 days at least - the vast majority are not one day pops and done where you had to be a day trader. Go review newsletters from the last few weeks - look at the triggered trades section most of those you could have bought and held for many many days. Yes occasionally we have some that pop and done but most are decent daily patterns and thus play out over days or weeks. not one day
WORK is another example...i entered
Posted by arun on 10th of Jun 2020 at 04:47 pm
WORK is another example...i entered after it stabilized at 30-31 and sold 2 days before earnings
I agree with what you
Posted by arun on 10th of Jun 2020 at 04:42 pm
I agree with what you said Matt.... For example i sold ALL my stock and calls on AMD yesterday before close and it was such a stupid move. Same with BABA. I got whipsawed so many times and i was in and out mutiple times though i stayed in for most part. There is a lot of intraday whipsaw . Honestly i dont know how to use trailing stops or DVT`s. That would be very helpful especially if we cant stay by the computer .
But as Ssaffer said the other day - if we follow your trade set ups, we can catch a lot of trades. I chose to narrow it down to quality names only because they are safer and have more liquidity etc and it has worked extremely well