FOSL, AQ, ERF, OSIS and SOGO .  All trade ideas purchased in the last week and a half with stop limits.  Each moved slightly higher when limit was hit, than dropped like stones.  Put what I thought was a sensible stop (allowing some room) on each position shortly after purchase.  Not a day trader, so I took a small loss on each  since I can't watch every tick in the market.  

Latest was VREX (another from the trade ideas watchlist), which I was filled on this morning.  As soon as I purchased it, it too dropped precipitously.  On the verge of hitting my stop which would make that 6 out of 7 losing trades.  Only winner so far is EQH (modestly up).  

What am I doing wrong, or am I just in a bad patch?  Nearly all the other trade ideas I pass over that Matt/Steve put out seem to work.  Just frustrated.  It will pass.  Perhaps I should post my shortlist of trade ideas so others can avoid them.          

I don't think so.  Does everyone grow their own food?  Some do, most don't.  The fact that some individuals choose to have vegetable gardens hasn't dampened demand.  Most people don't have a green thumb, aren't set up to grow cannabis, don't want to invest in equipment, supplies, etc., and prefer to spend their time doing other things.

I'm not in favor.  I like to linger on certain pages for a minute or two; would have to pause the video to do so.  Also, when in a hurry, I prefer to quickly scroll to the sections I'm most interested in; might be harder to do with video.  Lastly, it could be more work for Matt or Steve to set up/record, which in my opinion, is unnecessary.

Matt, Why don't the volume bars reflect the insider purchase of 1,305,000 shares as indicated in the footnote on the chart?

Thanks, Matt.  In no way did I mean to infringe upon your time during the trading day.  Appreciate you need to focus on charts and indicators while the market is open.

Every time there's a big one day selloff in the market, it seems like the SPY signals a re-entry end of day or next day at the open.  Or, at minimum,  everyone expects it.  What is it that signals an immediate re-entry vs the  possibility of a multi-day selloff?  I ask because I'm starting to feel like the system itself is getting complacent; the possibility of a continued selloff seems to be out of the question; that worries me.  

What would it take for the "SPY system" to conclude that a longer downturn is upon us?  And why is it that when an individual stock sells off strong like the SPY has today, the re-entry point from a technical perspective is usually dependent upon a positive signal on the charts that takes time to develop?  What's different?

Probably asking out of lack of technical understanding, but it would be helpful to me to understand the underlying premise.

Why is PVG listed as a possible short in the Trade Ideas section?  Was listed as well by Steve in last night's newsletter (without mentioning long or short).  Looks more like a potential long to my eyes.  Am I missing something or is that just an error?

Had the same experience.  Stock rocketed to nearly $41.00.  I went to get a cup of coffee, came back to my desk and the stock had dropped more than $1.00 in value...and continued falling like a stone off a cliff.  Got out in a panic at $39.60 with a decent profit, nevertheless.  What makes a stock rise and drop that quickly?  Talk about fickle!

Excellent point, Matt.  It doesn't matter who had it first.

Separately, any idea why SLTK has not moved higher given the strength in the marijuana stocks?  Would seem a natural.

I, too would find this helpful.

Been steadily inching higher this past week.  Any updated thoughts on the fundamental story?

Nice score.  Isn't it canny how any number of stocks seem to "know" 1-2 days in advance whether earnings will surprise or disappoint.  In this case, the stock broke out just prior to what turned out to be a favorable earnings report, I assume.  I purchased CLSD at $12.00 last week, put a stop in at $12.00 and was taken out at $12.00 two days ago (breakeven trade) while the stock drifted lower for 2 days as if it "knew" in advance what would be released this morning as an earnings report (stock proceeded to drop another $0.75).

Anyone besides me finding it hard in this trading environment to get orders filled using reasonable limit orders?     

For example, this morning I placed an order prior to the open to buy FTSI if crossing $20.35 with a buy limit of $20.40.  It never filled on its way up to $21.62, so I cancelled the order (not wanting to buy if it retraced that gain).  Would I have been clever enough to sell somewhere during today's spike?  Actually I believe so having learned that lesson on numerous occasions.

Similarly I put a buy order in on CANN with a limit of $4.43 and was only partially filled (90%).

Is it the nature of the stocks I'm selecting, the trading environment or a reflection of manipulative market makers?  Or just coincidence? 

Much food for thought.  Very helpful.  Thank you.

Question, Matt.  I know there are no hard and fast rules, but is there anything tangible you can point to that distinguishes between when you would take the trade inside the pennant with a tight stop vs waiting for a breakout from the pattern?  Or is it instinct? 

I doubt it.  Can understand a pure technical bounce play for a day or two, but when you're talking an airline and a total disregard for passenger safety, it's hard to conceive of anyone buying the stock other than a day trader.  Ask yourself what you would tell your son or daughter if they said they're considering flying on Allegiant.  Believe that will be the public's reaction as well once they know the underlying story.  Think this goes much lower over time.

Matt, I have a question about suggested stops on the trade ideas.  A number of times in last night's newsletter you said "you can have a stop at the lows".  Could you be more specific?  Using the triangle pattern for LPX as an example, which low are you referring to - yesterday's low, the bottom of the triangle, another point?  I didn't quite follow.  It would be helpful at least to me if you could reference a number like you generally do.  Thanks.

Is it possible to swing trade a stock like this given its volatility (trading range of nearly $1.00 today), or is this suggested for a quick trade on the breakout then out?

Agree.  I especially appreciate Matt pointing out suggested stop levels, which I have yet to master. 

Similar experience.  Giving the trade more room doesn't seem to matter. 

I generally trade stocks priced under $20.00. I find stops to be quite helpful when price moves quickly, either higher (protects profits) or lower (keeps loss to a minimum), but when price drips lower and approaches technical support, I seem to always be taken out at the bottom.  Placing my stop  either just below, 5 cents below, 10 cents below, or 20 cents below what I deem to be support doesn't seem to matter.  The stop seems to act as a magnet just before price reverses higher.  Frustrating.