Some momentum names like $YY $SFUN have been selling off for days now. When that happens as a trader, you always need to watch out for a bounce at some point, whether its on previous price or moving average support. Some time you will miss the initial bounce entry but there are ways to trade …
One of the many questions I get from my students is “when can I trade with real money” . Its really the thing on all traders minds. One of the tenets and promises I expect from my students when they take our TRADING BOOTCAMP is that they don’t trade live while the class is on. …
Here is a trade that we took in $RMTI at the end of September. This is my favorite type of trade – you find a momentum stock that has consolidated after a large move and then explodes out of that pattern. If timed correctly, this type of thrust can often give you numerous trading opportunities …
Here is a bounce trade that we did on $TASR yesterday. This is one of my favorite types of setups and one of the easiest to manage. You take a momentum stock that had a huge thrust higher and on its first sizable pullback to the 20 day moving average (DMA) we start watching it …
$FU is a Chinese, low float momentum name that went from $4.50 to $11.50 in two weeks. On Thursday, the stock finally showed some weakness due to some news. We shorted the stock on 09/26/13 at $10.55 as it broke the uptrend line and cover our shares at $9’s. The stock continued to go down …
Hey Guys! Chris Zielinski (@ckz8780) one of our star bootcamp students recently wrote a great blog post for us on trading under control and his suggestions based on his experience. Chris has really become a great trader and had huge success daytrading. He made over 5k last week alone largely due to mastering control of …