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
Here is a trade we did in $GDOT last week. This is a type of earnings play that we do each day during earnings season. Earnings season is my favorite time to trade, as we see a ton of these setups. $GDOT had a big gap down on PR/earnings. Usually a large gap of any type …
Read more$GDOT Trade Review – How to Trade Earnings Breakdowns
Here is trade we did in $AMRS. This was a PR/Earnings breakout setup. Due to a press release, the stock gapped over key resistance levels on the daily. We entered this stock: Bought: 3k shares at $3.77 Sold: 2k shares at $3.9 Sold: 500 shares at $4.00 Sold: 500 more shares at $4.17 Email me with any questions …
Here is a trade on $ocz that we took on friday. This stock had multiple setups but the main trigger was a gap fill on the intraday chart. When coupling that entry with the daily chart being so extended you have the basis for a proper setup. Shorted 700 shares 6.72 covered 1/2 …