QNST Setup and Trade Plan

Today’s Featured Trade Idea is QNST.

Members can join us in Trading Room #1 as Rick reviews this setup and other Trade-Ideas at 9:10am Eastern.  For now, here are my own analysis and a potential trade plan made using our Trader Vision 20/20 software.

QNST made a major Bullish move on earnings 10/31 and then followed-through the next day. It has consolidated the following 3 days, bouncing off Support and the Bulls showed they are stepping back in strongly on Wed. If you squint, this J-hook pattern could even be called a Mat Hold signal.

On positive trading, I will look to Enter with a tight Stop. The Targets are defined off the Weekly chart.

Trader Vision shows us that earnings are out of the way and we have nearly 3 months to work with on this trade setup. It also shows us this chart gives us 5 Bullish and only 1 Bearish (overall market long-term bias) condition.

TV20/20 tells us this Trade Plan offers a very low Risk ($115.50) to Stop and a good Reward ($375.75) at the 2nd Target. It also told us we would achieve 2:1 Reward/Risk at the 1st Target and that we can achieve the Trade Goal between Targets #1 and #2.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The QNST Trade Setup – As of 11-7-18

QNST Chart Setup as of 11-7-18

The Trade Plan

QNST Trade Plan for 11-8-18

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, the risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.


Put the power to Trader Vision 20/20 to work for you…



Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G



Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.


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