One of Today’s Featured Trade Ideas
WYNN/Long (Resorts and Casinos) Because of Friday’s close, WYNN became a Hit-And-Run Candlestick Rounded Bottom Breakout. Friday also produced a type of bullish morning star signal as well as a Doji Bullish Engulf pattern.
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 — A snippet taken from a soon-to-be-released
eBook prepared by Rick Saddler
Have a “Trading Business Plan.” Every successful business owner has a business plan. Since trading is a business, traders should have a business plan. There is a lot of information out there on designing business plans. A suggestion is to keep it short and simple. A one- or two-page business plan is sufficient for most traders. You can always add to it as you go along. The point is to have a business plan that is convenient and you will use as a reference for certain aspects of your trading.
WYNN Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
No featured trade idea today; it’s Friday and we should be managing and evaluating the positions we are in. Do we hold them over the weekend or do we close them out? The important thing is to end the week on a positive note. We will be in the trading room this morning taking a look at a few stocks that you may have questions about.
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 — A snippet taken from a soon-to-be-released
eBook prepared by Rick Saddler
Know when to trade and have the discipline not to trade. Trade only when the market gives you clear direction. If you are confused, have trouble finding trades that meet your rules or do not know what to do, these are signs that the market may be in a state of flux and not conducive to your style of trading. There are times to stay in cash or just manage the positions you have working. It is okay not to trade every day. In fact, forcing trades in an undesirable market often leads to losses. Have patience and wait for your setup!
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One of Today’s Featured Trade Ideas
TZA/Long (ETF small cap Bear) Because IWM still looks weak, I will be looking at adding to my TZA today. TZA is acting as if it wants to come off the lower trend line and head higher. The last four candles are suggesting the Bulls are setting up the bottom for a rally. TZA is also a bullish rounded bottom breakout.
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 — A snippet taken from a soon-to-be-released eBook prepared by Hit & Run Candlesticks:
The Right Mindset for Trading is achieved by developing your trading skills and building your confidence in executing trades. This is a process that involves education, stock chart reading and designing trade setups for the trading method you select. The bottom line is SKILL + CONFIDENCE = Right Mindset for Trading
TZA Trading Plan (Entry, Stop, Target)
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