One of Today’s Featured Trade Ideas
AAPL/Short (Technology) AAPL may be headed for the $100 mark, with the double top/bearish engulf/island reversal and a blue-ice failure pattern. Yesterday, AAPL broke through and closed below the 200-day simple moving average, and it lost its recent low support by closing below it yesterday.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Education – Under what conditions will you stop trading for the day, week or month? For example, “You (the trader) will stop trading for the day or week if you have three losing trades.”
AAPL Trading Plan (Entry, Stop, Target) Click Here
Continue Reading
One of Today’s Featured Trade Ideas
AMPE/Long (Healthcare biotechnology) We have had our eye on AMPE for some time since July 21 and has been on our members’ list ever sense. It’s now pulled back to both the 20- and 50-day simple moving average with an inverted hammer on Thursday, and Friday came close to printing an actual hammer. AMPE is one of our bullish Rounded Bottom Breakouts with a nice series of higher lows.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Education – As with any new skill, the foundation is education. Ask yourself, “Would you start to build a house if you had no knowledge of construction concepts and applications?” NO! Traders first learn the basics, such as technical analysis and fundamental analysis. Read books and attend webinars/workshops. This is really the start of building your knowledge base, so you can later shape your trading style and philosophy. As you mature as a trader, education continues to play an integral role in your success so you never stop learning.
AMPE Trading Plan (Entry, Stop, Target) Click Here
Continue Reading
One of Today’s Featured Trade Ideas
No trade Idea today: However, I do have 14 trade ideas for members that are from the members’ trade ideas posted from the last few days.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Rule #32 Don’t fight the trend
Members of both Hit & Run Candlesticks and Right Way Options, the trading room passwords will change this weekend.
Continue Reading
One of Today’s Featured Trade Ideas
ENV/Long (Industrials) ENV Is one of our Rounded Bottom Breakout setups that has also formed an ascending triangle and currently a flag formation with a bullish piercing candle. I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Rule #29 Trade the chart in front of you.
ENV Trading Plan (Entry, Stop, Target) Click Here
Continue Reading
