Breakouts are probably the easiest trades for new traders. Breakout trading is a very simple concept and one I thought I would mention again because these are the easiest types of plays out there and ones you definetly don’t want to miss. We took both of these trades (SCI and RYL) and made nice profits off of …
$TNGO is a great example of an earnings/PR breakdown trade. My favorite type of plays are triggered by some type of press release or earnings announcement. We then look for a technical setup intraday to find a low risk entry – it can be long or short. These stocks tend to be in play for multiple …
Yesterday we made a quick trade in $ONTY. I wanted to highlight how aligning stocks on multiple time frames works, as its an important concept for all traders to grasp. If you view the daily chart of $ONTY, you see that it has a very nice setup with an apparent breakout spot somewhere near $5. But where …
Read more$ONTY Trade Review – Aligning on Multiple Time Frames
I got a couple requests for me to go over my MNST play on friday and how I knew the play was going to bounce. The honest answer to this is.. that I didn’t know. Sometimes trading is about feeling the stock. Thats why seasoned traders often can make trades that us newbies will never …
We traded TUMI and BSFT in the chat today with decent gains. For new members these type of setups are our bread and butter plays. So I decided to dissect intraday setups on a 5 minute chart.Please click on the charts to see notes and setups.
I wanted to review my trade in $HALO today. Anytime you find a strong stock based on earnings or news it makes for a great intraday trader. The way that I like to play these is obviously to look for an intraday setup to buy, whether that’s a flag or a flattop/consolidation breakout. $HALO was …
Read more$HALO Trade Review – Trading Intraday Momentum Stocks