Tape Reading & Options Webinar recording by @sanglucci
Here is thursdays webinar with @sanglucci where he talks about his Bank Of America trade that netted 110k in gains on an options trade using tape reading strategies + options
Education
$UNXL: How to Trade a Trend Line Support Bounce
$UNXL is one of those momentum names that had a tight flag triangle pattern on the daily chart. So I was eying it for a trade today. On the 10 minute chart, see that how it bounced off that uptrend line multiple times? This is the type of high-beta stock that is better to buy …
Z: How to short for day trade using price divergence.
Z had a good day today as the daily chart broke out. Low of the day was 29.60. I was watching it in the afternoon today as it was making new highs for a trade either long or short.. I noticed as price was making new highs to 33.37, lagging indicators such as MACD/CCI was …
Read moreZ: How to short for day trade using price divergence.
$CBMX Trade Review – Trading Red to Green Moves
The Red to Green play is one of our go-to setups and a very easy way to make quick money. You want to wait and let this setup confirm before you enter. The characteristics of a Red to Green move are: 1. Major momentum stock from the day before 2. Morning washout (meaning the stock …
$ACAD Trade Review – Trading Gap Fills
Here is a short that we made in $ACAD last week. This is a short based on the gap fill principle that we use quite often in our chat room. We originally took this short at $5.95 and played a couple different times while shorting more shares throughout the day. We ended up finally covering our …
$mmr "how to find the squeeze zone"
One of the hardest things to do in trading is catch the bottom in stocks that are tanking. News comes out and tanks a stock essentially putting it on “sale” and everyone starts trying to figure out where the bottom is. This is hard because often times the stock continues to go lower for days and …