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.
@szaman here, today in the chat we traded SWHC. Stock has been sold hard last few day’s on news. So i was eyeing it yesterday for a bounce trade. Late yesterday we initiated a swing position at 7.77 as daily chart was showing oversold condition and 60 minute chart was printing some indicators that sellers …
@szaman here. Today we traded VELT in the chat from 4.02 and the stock made a high of 4.90.Lets review the trade. VELT Is one of those highly shorted stock with over 30% of the float short. As you can see on the daily chart, stock is making a small inverse head and shoulder pattern …
Read moreVELT: Trade review 21% gain,Not bad for a days work!
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 …
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 …
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 …