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Title: Important Education Video to help you trade our trade ideas - reposted from 2018

Great video Matt!  Educational.  You

Posted by steverobin on 8th of Jul 2020 at 09:14 am

Great video Matt!  Educational.  You know what your clients need and you provide it!

Good education - thanks Matt.

Posted by z0ned on 8th of Jul 2020 at 07:47 am

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.

Thank you very much! Very

Posted by lapri24 on 7th of Jul 2020 at 06:40 pm

Thank you very much! Very helpful.

Appreciate this basic review of

Posted by RichieD on 7th of Jul 2020 at 05:10 pm

Appreciate this basic review of lessons you've repeatedly stated over the years.  Easy to follow examples.

here's that old post from

Posted by matt on 7th of Jul 2020 at 03:21 pm

here's that old post from 2018, I made it sticky again.  I will look to add that to the education section

Thanks Matt.  The video and

Posted by pmahoney on 12th of Mar 2018 at 02:02 pm

Thanks Matt.  The video and methods really help.

Thanks Matt.  Been a member

Posted by rojoch on 12th of Mar 2018 at 01:27 pm

Thanks Matt.  Been a member for just over a year and have only really traded your systems, not the individual trade ideas, because I didn't know where to put the stops so I could size the trade.  Having suggested stops added to the trade idea charts is a *huge* help!

For the systems (Paint Dry, SPY Pro), how do we come up with an initial $risk/share so we can size our position and what are some strategies for moving those stops up over time?

Thanks!

.../john

Isn't there a mistake in

Posted by zwyss on 12th of Mar 2018 at 03:28 am

Isn't there a mistake in the viedo? DRNA target should be 1 buck higher in my opinion.

here's some examples using a

Posted by matt on 11th of Mar 2018 at 05:36 pm

here's some examples using a risk of 500 and 250.  Again whatever your risk tolerance is, or the amount that you feel comfortable losing on a trade, use that to calculate the 'PROPER' number of shares you should be buying based on the difference between your entry and initial stop

Great video Matt.  For us

Posted by cape_rover on 11th of Mar 2018 at 05:11 pm

Great video Matt.  For us that don’t always have time to watch the whole news letter could just the spreadsheet get posted for new trade ideas - using the $500 risk example.  I don’t want to put you out if it is a hassle.   Just a suggestion if you think your membership would get value out of it.

By the way thanks for

Posted by cuqui69 on 11th of Mar 2018 at 02:39 pm

By the way thanks for all the new information and trade ideas format with the target, triggers and stop levels. It will help your members a  lot. Thanks matt

Do you have a limited

Posted by cuqui69 on 11th of Mar 2018 at 02:35 pm

Do you have a limited amount of stock to trade at any given time? For example is not the same that you risk 1% in 6 stocks for a maximum 6% risk than risk1% in 12 stocks for a maximun risk of 12%. Do you take that into consideration? 

Thanks Matt - The target

Posted by mkrmdz on 11th of Mar 2018 at 02:12 pm

Thanks Matt - The target and stop information are great ideas.

guys just for clarification, some

Posted by matt on 11th of Mar 2018 at 02:23 pm

guys just for clarification, some comments were sent to me via p.m. regarding the setups I showed, some didn't have a 1:3 risk reward ratio etc (however many of them did I just set very conservative targets and it wasn't about that anyway).  The video was not about cherry picking setups, it was about how to calculate your proper position size based on your personal risk tolerance from your initial stop and entry point for the trade setups so that you can be consistent, it wasn't about finding the perfect setups.  Again mistakes I've done in the past, we all have, placing too much capital into some positions losers, and not enough capital in other positions winners, when really for the most part we should try to be consistent for standard trade setups so that winners make up for losers and over time we make make money.

Thanks Matt for displaying the

Posted by indyjohn on 8th of Jul 2020 at 02:31 pm

Thanks Matt for displaying the video. It really helps newbies like myself. Would appreciate the initial stop and entry points in the future. You and Steve are the best! Keep it up.

yeah I mean I'll try

Posted by matt on 8th of Jul 2020 at 02:39 pm

yeah I mean I'll try to add that to some of the trade ideas, probably not all of them, it's actually a lot of work. Also you will need to convince Steve to do that which may be harder. 

again obviously trades are not the same for everyone so it's just a guide for a general swing trade approach.  Quite simply I'll use the last higher low a stop, or just below a trendline, or a moving average like the 9 EMA or 20 SMA.  Or if there's a solid up candle I'll use 50% of that range. Also patterns like tight coils and falling wedge patterns, even flags will have tight stops on daily charts by their nature. However horizontal breakout plays have higher risk because many times those important support areas are far away and your stop has to be too wide, which is also why I suggest looking at 60 min charts and seeing if you can get a tighter entry and stop from that.  

I may try to add some of those stop and target areas to specific patterns but not others like horizontal breakouts

The video you provided is

Posted by steverobin on 8th of Jul 2020 at 05:43 pm

The video you provided is a good guide. Placing stops and targets depends on the trader and their plan. 

that would be super great

Posted by imelhoe on 8th of Jul 2020 at 02:54 pm

that would be super great Matt, and would add a lot of benefit to us swing traders till we get the hang of it.  esp your coil patterns that i will be looking and learning to do!

Important to Understand

Posted by steve on 8th of Jul 2020 at 02:44 pm

Stops and targets should be defined by each individual based upon their style - most importantly DEFINE YOUR STYLE and your answer will come as a result.  PRTS was one of my original fundamental plays when the stock was trading around a $1.00.  Position traders were greatly rewarded following the management change.  Too many traders bounce around from idea to idea without having any PLAN in place.  That's like a team going into a game without any practice or plan and simply winging it on game day - end result is most will ultimately fail with that approach. 

Stops and targets will vary greatly depending upon YOUR APPROACH which should be enacted PRIOR to trading.   Novice traders want to start with targets without any plan in place and as a result most will simply rely upon others and never become proficient.  

Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.

We are TRADERS not FORECASTERS - focus on what's in front of you first and foremost.  Forecasters don't put money to work like traders.  They want to tell you what's going to happen and more often then not are wrong. 

Again guys please watch the

Posted by matt on 10th of Mar 2018 at 09:52 pm

Again guys please watch the video, I really want all of you to become consistently profitable traders and be able to utilize our trade ideas to do that.  Some of you struggle with this and that's why I made the video.  Steve and I both want you to succeed!  

Also going forward I plan to add initial stop suggestions and targets to most of my trade ideas so that you can utilize the formula I discussed in my video in order to set your PROPER position size, and defined risk that is based on YOUR personal risk tolerance (which I discuss in the video).  If you guys do this, you will become profitable traders over time.  Here's a few new ideas where I have added stops and targets so that you can calculate your proper trade size based on your personal risk tolerance.  I would also like to ask Steve to add these to his watchlist trade ideas when possible.  It takes us longer to do that but in the end it's worth it because we want you to succeed and I think this will help.  Also realize that not every trade idea will have stops and targets listed because there are times when the setup is trickier and needs to be played by ear, however I will do so when I can.

Thanks Matt appreciate the video.

Posted by morton7 on 11th of Mar 2018 at 09:13 am

Thanks Matt appreciate the video. I like the idea of going forward having the targets and stops on the charts for easy reference. I know I need to get more mechanical with my trades for sure.

Title: Top Down Approach Discussion and how to View BPT - Click on Title

Hi Matt/steve, is today highly

Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am

Hi Matt/steve, is today highly likely to be a trend day?

Zoom intra day access click title to exapand and see message

Posted by matt on 29th of Jul 2020 at 11:55 am
Title: Zoom intra day access click title to exapand and see message

sent out email I'm on

Posted by matt on 31st of Jul 2020 at 12:46 pm

sent out email I'm on the Zoom now will be on for about 30 min to discuss a few items

Was the Zoom discussion recorded?

Posted by frankp on 1st of Aug 2020 at 08:35 am

Was the Zoom discussion recorded?

Zoom room link?  I can't

Posted by trendiefl on 30th of Jul 2020 at 03:23 pm

Zoom room link?  I can't find it.

It's the 3rd sticky from

Posted by matt on 30th of Jul 2020 at 03:24 pm

It's the 3rd sticky from the stop?  it's condensed so you click on the title and it expands.  make sure you hard refereshed the blog, click the Chronological button or something

I must be missing something.

Posted by trendiefl on 30th of Jul 2020 at 03:33 pm

I must be missing something. Screen snapshot of the full thread. No link. Sorry.

https://us02web.zoom.us/j/4436820782

Posted by roger on 30th of Jul 2020 at 03:40 pm

https://us02web.zoom.us/j/4436820782

Thank you!

Posted by trendiefl on 30th of Jul 2020 at 03:45 pm

Thank you!

I have the Zoom room

Posted by matt on 30th of Jul 2020 at 12:30 pm

I have the Zoom room open back.  I was on all night and this morning, it cuts off after 24 hrs, so I re started it.  I won't be on there, much but have those charts open with the ribbons and cycles if you want to monitor them intra day

Matt, where is the link

Posted by craigm on 30th of Jul 2020 at 12:47 pm

Matt, where is the link to Zoom room?

I replied to the sticky,

Posted by matt on 30th of Jul 2020 at 01:19 pm

I replied to the sticky, same one

some new setups

Posted by matt on 1st of Aug 2020 at 11:30 pm

Don't ever forget to keep

Posted by goldnice on 1st of Aug 2020 at 08:19 pm

Don't ever forget to keep your eyes on the big picture in gold. As we approach the mystic level of $2000 gold please understand that any pull back from this level is either the {Handle} of a gigantic {C&H} setup or as this gorgeous chart indicates it would be the {Right Shoulder}.

Absolutely gorgeous monthly close in

Posted by goldnice on 1st of Aug 2020 at 08:03 pm

Absolutely gorgeous monthly close in gold. Breaking out of the textbook {Cup} setup. Any pullback from this level could be viewed as the {Handle} setting up. Chart from twitter legend "Northstar". I mean if silver gets back to $19 to backtest the breakout and hammer in a {Wave 2} bottom that would be a gift of a lifetime.

As silver awakens from its

Posted by goldnice on 1st of Aug 2020 at 07:36 pm

As silver awakens from its 9 year bear market and explodes through $20 we are also entering the strongest period of the year from a 40 year seasonality perspective. I have a few Jan 2021 SLV, GDX and CDE call options left and i plan to sell them in this window of time. My plan is to try and hold these option until mid Sept but because of the explosive nature of the gold and silver market we will see how i can handle the volatility and psychology. Good luck to all.

Posted by arun on 1st of Aug 2020 at 01:43 pm

You lost me with this

Posted by z0ned on 2nd of Aug 2020 at 09:50 pm

You lost me with this Arun.   Would you be kind enough to spell out what you are saying here?  Thx.

What are you trying to

Posted by amp43679 on 1st of Aug 2020 at 04:53 pm

What are you trying to say with this image? 

Silver. Monthly Close. Looks like

Posted by goldnice on 31st of Jul 2020 at 10:37 pm

Silver. Monthly Close. Looks like the breakdown out of the {Parabolic Curve} was a massive fakeout "Bear Trap" as silver immediately re entered the curve and has hit the first initial $26 resistance area this week. Unbelievably there is no resistance until the next target at $37. Don't take your eyes off the 40 year {C&H} setup in silver.

Hope you're right. I'm still

Posted by racerick on 31st of Jul 2020 at 11:35 pm

Hope you're right. I'm still a little upset I didn't sell some of mine in 2011 when it was around $50/oz, when gold was around where it is now, but I think at some point will be much higher than that, especially if the gold/silver price ratio reverts to it's historical average. With the printing presses running throughout the world w/o an end in sight, the sky's the limit for both.

SLV - SPY Ratio Chart

Posted by goldnice on 31st of Jul 2020 at 09:23 pm

SLV - SPY Ratio Chart {Monthly Close} This chart is telling me that the bull market in SLV relative to the broad U.S Stock Market has just started. The GLD - SPY ratio chart broke out of the parabolic downtrend in Feb 2020. Silvers 9 year bear market is over. 



DOCRF Daily Chart  - Pick up

Posted by EdZ on 31st of Jul 2020 at 06:49 pm

DOCRF Daily Chart  - Pick up in volume for CloudMD

EDZ Daily Link  - No relation. 

Posted by EdZ on 31st of Jul 2020 at 04:59 pm

EDZ Daily Link  - No relation.  :-)

Hi Matt/Steve, May you also

Posted by kevindeng0727 on 31st of Jul 2020 at 04:51 pm

Hi Matt/Steve, May you also look at PSTG for potential trade idea candidate?

Have a nice weekend everyone.

Check out ATOM ---- ATOMERA

Posted by dragontrader on 31st of Jul 2020 at 04:29 pm

Check out ATOM ---- ATOMERA -  potential cup and handle going into next week's earning.  Matt/Steve, can you please review?  

QQQ DVT 401k

Posted by matt on 31st of Jul 2020 at 04:05 pm

here's the image of the QQQ's with the same indicators I use for the SPX.

you can see the DVT's, the MA pinch a few days ago, and cycle buys a few days ago as well, also a cycle buy appeared yesterday

Wow, 190 point move in

Posted by racerick on 31st of Jul 2020 at 04:02 pm

Wow, 190 point move in NAZ futures last 3 hours. 

It’s better to focus on

Posted by arun on 31st of Jul 2020 at 06:04 pm

It’s better to focus on daily charts first and then the 60 or 120 mins. Vice versa too much noise.
unless we want to get those gold laced red shorts that Elon musk is selling. 

Happy with CARG. Bought it

Posted by lapri24 on 31st of Jul 2020 at 03:55 pm

Happy with CARG. Bought it today after it dipped, came back up, and dipped down slightly again but started to go up. Is that what "red to green" means?

TY, 401k $$$$ The most

Posted by profmel on 31st of Jul 2020 at 03:25 pm

TY, 401k $$$$ The most predictable and untimely purchases do come in handy at times!

AAPL  Wow

Posted by iaranger on 31st of Jul 2020 at 03:19 pm

AAPL  Wow

I showed it on the

Posted by matt on 31st of Jul 2020 at 03:20 pm

I showed it on the Zoom webinar earlier via my system charts, gave a nice buy signal a few days ago from the MA pinch and cycle

here's an image, the DVT

Posted by matt on 31st of Jul 2020 at 03:24 pm

here's an image, the DVT triggerd a buy in late March dotted white line, and kep you in whole time, every time the BPT MA pulled into the ribbons gave you additional buy opportunities. A couple days ago you had a low risk buy from the cycle 195 min 1/2 day chart cycle

here's some intra day examples

Posted by matt on 31st of Jul 2020 at 03:49 pm

here's some intra day examples on AAPL someone asked me about: So using a 5 min, 3 min, 1 min look for BPT MA deluxe to pinch into the ribbons, then get your cycle buy on 1 min or 3 min - easy trades day trades. 3 trade setups intra day one in morning, mid day, and afternoon

Right after GS Downgrade

Posted by iaranger on 31st of Jul 2020 at 03:41 pm

Right after GS Downgrade

nice follow through on CANE

Posted by matt on 31st of Jul 2020 at 02:58 pm

WEYL  Daily Chart  - Volume picked

Posted by EdZ on 31st of Jul 2020 at 02:29 pm

WEYL  Daily Chart  - Volume picked up today.

Rounded bottom on VXN?  If

Posted by coolhat on 31st of Jul 2020 at 02:09 pm

Rounded bottom on VXN?  If so, Matt's comments on NASI divergence could come into play in the next few weeks.

https://stockcharts.com/h-sc/ui?s=%24VXN&p=D&b=5&g=0&id=t9121717559c&a=746327132&r=1596218822488&cmd=print

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