Today we took qcor short and I wanted to outline the trade and give you my thoughts. The thing that I highly recommend, especially for new traders when shorting, is ONLY shorting breakdowns. Never try to short strong stocks and never try to short bounces. Often times we will nail the entry on stocks breaking …
Today we traded $GERN in the chat room for $280 in profit. Here’s a review of what I saw in this stock and why the trade worked. There were three things I liked about $GERN when I was scanning: 1. Multiple taps of $1.56 2. Gap fill at $1.56 (typically when a stock starts to fill a gap on …
I had been watching $TNGO for a few days because I knew it had squeeze potential. The stock was beaten down hard on the daily due to the lovely ladies at Streetsweeper issuing a hit piece on it last week. The pattern that developed this morning in it is one that we play a lot …
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 …
Today we shorted $car for a small gain. I wanted to review the trade. There are two types of gap fills that can happen in stocks.. both types of gap fills make for profitable trades. 1. Gap fill thats occur on the daily chart that occurs after a period of time, not in a single …