One of Today’s Featured Trade Ideas
KSU/Long (RailRoads) KSU has posted higher lows slowly moving back up over the big three creating a rounded bottom breakout. Along with a double Doji gap, a two- bar run and a profit taking pull back, KSU formed a very nice bullish chart pattern. KSU is also above the construction area and yesterday printed a buyable candle on a tradable support line.
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
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
KSU Trading Plan (Entry, Stop, Target) Click here
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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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One of Today’s Featured Trade Ideas
ACRX/Long (Healthcare Medical Device) Yesterday’s candle finished drawing the picture of a bullish cradle pattern utilizing the 50-day and the 100-day simple moving averages as a support area, not to mention support from candles in June and July. ACRX is also a Rounded Bottom Breakout chart 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 Hit & Run Candlesticks
SKILL and CONFIDENCE – Practicing what you learn through education and by applying that knowledge to chart reading develops skill in spotting trading opportunities. It also develops the confidence to know that these trading opportunities are profitable.
ACRX Trading Plan (Entry, Stop, Target) Click Here
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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
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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
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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.
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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
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One of Today’s Featured Trade Ideas
VNTV/Long (Industrials) VNTV printed a bullish morning star signal yesterday after a three-day profit taking pull back, with a breakout of $41.05. VNTV could see a 5 to $10 run.
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:
Know who you are as a trader and be your own trader. Do you have the personality for swing, day or long term trading? Stick with the type of trading that fits with your lifestyle and personality. Be your own trader and don’t be a follower. You need to be confident in the trades you execute and this means understanding the trade and believing in the trade. Just because someone else takes a trade doesn’t mean it is right for you.
Public E-Learning tonight 8:PM in the H&R Trading Room
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VNTV Trading Plan (Entry, Stop, Target) Click Here
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