Posted by curranjohn on 31st of Jul 2023 at 06:40 pm
I am curious how folks are executing these trades. I
bought VET and DVN for example on the alerts as they were just
slightly extending beyond the top trendline. They are still there
so I have no gains. Does the idea of VET being a nice trade
imply that one bought it when it touched the lower trendline of the
triangle? I have been trying to place some small trades so I can
figure out how to profit from the pops. But so far, I am not having
much luck buying the alerts. Perhaps I should take my chances
before the alerts happen when it is in the lower part of the
triangle but I have been warned by Steve in the past that: No
alert, no trade. For now I am holding VET in the hope it will move
north for some gain. I wanted to buy CAVA but that went up 5% and I
felt like I shouldn't chase that. Any insights appreciated.
Thank you.
Posted by mastermind on 1st of Aug 2023 at 08:11 am
I am a slight loser on VET so far, but have 6% on CAVA because I
targeted it at the open. You would have had to buy VET at the open
to be a winner, but it had a slight gap up, which we have been
warned not to chase. It could still be a positive trade, but I
agree that at this point it's hard to consider it a winner.
Yes - you had to buy VET at the open when it opened just over
the trendline, NOT wait for the alarm to show up here because again
those alarms are delayed quotes and can be late. Again the stock
still may play out over time if it holds the 9 and 20. Otherwise
it's pulling back here with the market. Again, the vast majority of
ideas here give winning swing trades, even entering later will
generally work out (if the market is supportive) but it's best to
try and enter positions as best a price as you can vs late which
could happen with those alarms at times
Please please...alerts are NOT triggers and they are not real
time. Think of the alerts as like a reminder. Every
trader needs to follow their approach, devise a methodology that
works for you. If certain trade ideas align with your methodology,
then fine but please do not simply buy because of an
alert.
Please remember those alerts ae really just alarms - they are
not direct buy and sell triggers sent by Steve and myself. It's the
exact same thing is if you had a list of 10 trade ideas that you
placed into a quote screen to monitor at your broker, and you set
alerts at various prices, such as near the highs or where you see a
trendline that you think is important - the alerts are to 'alert'
you that price is nearing that are you identified as important -
and is a trigger for you to go and look at the chart and and price
action and see if it looks good to buy. Quotes here are
delayed by 15 to 20 min, as I always say, those alerts on the
website alarms should not be a substitute for you setting alarms on
your own quote list - I do this every day in IB and Trading View -
I add our trade ideas and set audio alerts to go off when they are
hit so I can be alerted to go look at the chart.
DVN and VET look fine technically - most trade ideas are placed
here with a swing trade approach of several days to several weeks
or longer and you have to decide what time frame you wish to trade
those; swing or shorter term, and if swing the stops need to be
wide enough to account for noise CAVA was a monster and had a
much better pattern than VET or DVN as it was a nice coil. BTBT,
DADA, EYPT and NKLA and GRFS were nice momo plays. NINE has a nice
chart. Most people here can't or shouldn't attempt to play all the
ideas - best to focus on 2 or 3, pick your favorites and go with
those. My favorite setups are the coils and flags
the vast majority of our trade ideas end up playing out, I don't
have stats, but I'd say 7 or 8 out of 10 most of the time have
produced nice swings.
For you and others when trading the watchlist - the most
successful members spend 10 - 20 min at night doing prepwork
homework on the setups by placing the symbols in their broker quote
list and setting their own alarms (that are real time) vs waiting
for an alarm on the website to trigger that is from delayed quotes,
and also good to have a trading notebook on your desk and write
down the setups you like with levels, and a plan for the next day -
that gives you the most chances of success at this. Folks who
don't do some 10/15 min of prep time at night or pre market - and
come in during the day and randomly see an alert go off on
couple of the setups, without that prep work those
individuals will be less successful. The most successful
traders do their prep work at night or early morning and have a
notebook with some written notes of the setups they like coming
into that day and also some market comments
Posted by curranjohn on 1st of Aug 2023 at 11:24 am
thanks for the book recommendation. I will read it. And
thanks again for clarifying how to use the alerts. I missed the
memo before apparently. That explained why I didn't
understand their efficacy.
Curranjohn = This is what is stated in the trade idea section.
Click on the Newsletters Tab above and a drop down menu will
show a link to trade ideas with the explanation below.
One piece of advice: Take time to formlate a trading
methodology that suits YOUR objectives and risk tolerance.
Avoid trading until firmly in place.
Trade Ideas:
Please Note:The list of tables below are ported
directly from the nightly newsletters. This section is simply
meant as a condensed list where you can see all the trade ideas in
a simple tabular form from all the recent newsletters.
There are two tabs, one for ‘New Ideas’ and
one for follow up on recently trade ideas. When you click on the
stock symbol, you will be brought to a page for that particular
stock where you can play our recent audio comments and additional
information.
Remember these ideas are simply a list of trade ideas for you to
choose from if they meet your risk tolerance and preferences. They
are not buy and sell recommendations.
Also the alarm pop up windows are simply alert prices that we
set near the ‘breakpoint’ areas of the stock, they are simply alarm
prices and not direct buy and sell signals.
Posted by curriden01 on 1st of Aug 2023 at 07:46 am
Matt, you mention the CAVA trade had a much better pattern than
VET. Could you tell me what you liked better about the CAVA setup?
I also took the VET trade. I've been loving the trade ideas, just
wondering what reasoning I should have used to take CAVA over
VET.
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I am curious how folks
The ideas from last night all gave nice trades
Posted by curranjohn on 31st of Jul 2023 at 06:40 pm
I am curious how folks are executing these trades. I bought VET and DVN for example on the alerts as they were just slightly extending beyond the top trendline. They are still there so I have no gains. Does the idea of VET being a nice trade imply that one bought it when it touched the lower trendline of the triangle? I have been trying to place some small trades so I can figure out how to profit from the pops. But so far, I am not having much luck buying the alerts. Perhaps I should take my chances before the alerts happen when it is in the lower part of the triangle but I have been warned by Steve in the past that: No alert, no trade. For now I am holding VET in the hope it will move north for some gain. I wanted to buy CAVA but that went up 5% and I felt like I shouldn't chase that. Any insights appreciated. Thank you.
I am a slight loser
Posted by mastermind on 1st of Aug 2023 at 08:11 am
I am a slight loser on VET so far, but have 6% on CAVA because I targeted it at the open. You would have had to buy VET at the open to be a winner, but it had a slight gap up, which we have been warned not to chase. It could still be a positive trade, but I agree that at this point it's hard to consider it a winner.
Looks like VET reports tomorrow
Posted by lnelson214 on 1st of Aug 2023 at 12:05 pm
Looks like VET reports tomorrow (8/2) after the close. FYI to those in the trade.
Thanks for the reminder
Posted by steve on 1st of Aug 2023 at 12:07 pm
Thanks for the reminder
Yes - you had to
Posted by matt on 1st of Aug 2023 at 09:53 am
Yes - you had to buy VET at the open when it opened just over the trendline, NOT wait for the alarm to show up here because again those alarms are delayed quotes and can be late. Again the stock still may play out over time if it holds the 9 and 20. Otherwise it's pulling back here with the market. Again, the vast majority of ideas here give winning swing trades, even entering later will generally work out (if the market is supportive) but it's best to try and enter positions as best a price as you can vs late which could happen with those alarms at times
Please please...alerts are NOT triggers
Posted by steve on 31st of Jul 2023 at 08:22 pm
Please please...alerts are NOT triggers and they are not real time. Think of the alerts as like a reminder. Every trader needs to follow their approach, devise a methodology that works for you. If certain trade ideas align with your methodology, then fine but please do not simply buy because of an alert.
Please remember those alerts ae
Posted by matt on 31st of Jul 2023 at 07:45 pm
Please remember those alerts ae really just alarms - they are not direct buy and sell triggers sent by Steve and myself. It's the exact same thing is if you had a list of 10 trade ideas that you placed into a quote screen to monitor at your broker, and you set alerts at various prices, such as near the highs or where you see a trendline that you think is important - the alerts are to 'alert' you that price is nearing that are you identified as important - and is a trigger for you to go and look at the chart and and price action and see if it looks good to buy. Quotes here are delayed by 15 to 20 min, as I always say, those alerts on the website alarms should not be a substitute for you setting alarms on your own quote list - I do this every day in IB and Trading View - I add our trade ideas and set audio alerts to go off when they are hit so I can be alerted to go look at the chart.
DVN and VET look fine technically - most trade ideas are placed here with a swing trade approach of several days to several weeks or longer and you have to decide what time frame you wish to trade those; swing or shorter term, and if swing the stops need to be wide enough to account for noise CAVA was a monster and had a much better pattern than VET or DVN as it was a nice coil. BTBT, DADA, EYPT and NKLA and GRFS were nice momo plays. NINE has a nice chart. Most people here can't or shouldn't attempt to play all the ideas - best to focus on 2 or 3, pick your favorites and go with those. My favorite setups are the coils and flags
the vast majority of our trade ideas end up playing out, I don't have stats, but I'd say 7 or 8 out of 10 most of the time have produced nice swings.
For you and others when trading the watchlist - the most successful members spend 10 - 20 min at night doing prepwork homework on the setups by placing the symbols in their broker quote list and setting their own alarms (that are real time) vs waiting for an alarm on the website to trigger that is from delayed quotes, and also good to have a trading notebook on your desk and write down the setups you like with levels, and a plan for the next day - that gives you the most chances of success at this. Folks who don't do some 10/15 min of prep time at night or pre market - and come in during the day and randomly see an alert go off on couple of the setups, without that prep work those individuals will be less successful. The most successful traders do their prep work at night or early morning and have a notebook with some written notes of the setups they like coming into that day and also some market comments
got it. thank you for
Posted by curranjohn on 1st of Aug 2023 at 08:49 am
got it. thank you for that info.
curranjohn - read my past
Posted by matt on 1st of Aug 2023 at 09:57 am
curranjohn - read my past writeup on trading: Baseball approach is a good analogy to trading: here's a writeup on this from the past
https://breakpointtrades.com/blog/post/385467/
thanks for the book recommendation.
Posted by curranjohn on 1st of Aug 2023 at 11:24 am
thanks for the book recommendation. I will read it. And thanks again for clarifying how to use the alerts. I missed the memo before apparently. That explained why I didn't understand their efficacy.
Curranjohn = This is what
Posted by steve on 1st of Aug 2023 at 11:32 am
Curranjohn = This is what is stated in the trade idea section. Click on the Newsletters Tab above and a drop down menu will show a link to trade ideas with the explanation below.
One piece of advice: Take time to formlate a trading methodology that suits YOUR objectives and risk tolerance. Avoid trading until firmly in place.
Trade Ideas:
Please Note:The list of tables below are ported directly from the nightly newsletters. This section is simply meant as a condensed list where you can see all the trade ideas in a simple tabular form from all the recent newsletters.
There are two tabs, one for ‘New Ideas’ and one for follow up on recently trade ideas. When you click on the stock symbol, you will be brought to a page for that particular stock where you can play our recent audio comments and additional information.
Remember these ideas are simply a list of trade ideas for you to choose from if they meet your risk tolerance and preferences. They are not buy and sell recommendations.
Also the alarm pop up windows are simply alert prices that we set near the ‘breakpoint’ areas of the stock, they are simply alarm prices and not direct buy and sell signals.
Matt, you mention the CAVA
Posted by curriden01 on 1st of Aug 2023 at 07:46 am
Matt, you mention the CAVA trade had a much better pattern than VET. Could you tell me what you liked better about the CAVA setup? I also took the VET trade. I've been loving the trade ideas, just wondering what reasoning I should have used to take CAVA over VET.