Charts of Interest - $AAP $CAT $CF $EOG $FFIV, Etc...(With Earnings Dates)
A few of the names I am watching/trading with earnings dates posted on the charts. Earnings dates taken from Yahoo Finance, but will double check with other sources. Click on the chart to enlarge.
$NFLX - Trade Review
I saw @Gtotoy's tweet this afternoon on $CRR and I made this same mistake in $NFLX today. First off, want to say awesome trade to the traders who caught the move from the 70's to the 90's such as @SunriseTrader. It would have been insanely reckless of me to try and chase that move at any point once it got moving, however, the amount of attention it was getting on the stream, put it back on my radar. So I watched that entire run, without a position it. The move created a nice a nice pivot once it got into the gap. The last few days it pulled back to the 90-94 area on declining volume. Yesterday putting in doji bar. My plan was to get long through yesterday's high, which I did. The target on the swing trade a is move to fill its gap, up near the 119-120 area.
Either way, I entered, but didn't peel any off mid morning, (greedy), was waiting for follow thru in the afternoon. By the time it started to get some legs and resume its up move, it was late afternoon. While I made about 2pts on the trade, I didn't have enough room to feel comfortable holding over the long weekend. Excuses I know. Had I peeled 1/2 to 3/4 off mid morning, I would have been more comfortable holding. Even with two points of room I SHOULD HAVE, held a small core position. I hate hearing would've should've could've...mistakes. While it was a awesome week, I botched $CF too getting wicked out at a break even in the gap down yesterday morning and not staying on top of it. Had a solid move yesterday with follow thru today. Congrats to @Gtotoy and the #DTBC crew who are still on it.
I still like the bar $NFLX put in today as volume was above average, I will most likely look for entry as it clears the 100 mark or possibly a gap down next week.
Lesson? Follow your rules. I didn't today and I'll have to wait for an another entry next week. Hope everyone has a great weekend.
Either way, I entered, but didn't peel any off mid morning, (greedy), was waiting for follow thru in the afternoon. By the time it started to get some legs and resume its up move, it was late afternoon. While I made about 2pts on the trade, I didn't have enough room to feel comfortable holding over the long weekend. Excuses I know. Had I peeled 1/2 to 3/4 off mid morning, I would have been more comfortable holding. Even with two points of room I SHOULD HAVE, held a small core position. I hate hearing would've should've could've...mistakes. While it was a awesome week, I botched $CF too getting wicked out at a break even in the gap down yesterday morning and not staying on top of it. Had a solid move yesterday with follow thru today. Congrats to @Gtotoy and the #DTBC crew who are still on it.
I still like the bar $NFLX put in today as volume was above average, I will most likely look for entry as it clears the 100 mark or possibly a gap down next week.
Lesson? Follow your rules. I didn't today and I'll have to wait for an another entry next week. Hope everyone has a great weekend.
NFLX Daily
NFLX 5min
$CF - Trade Review
I originally entered a swing in CF yesterday on the gap and go above this descending trend line. Ideally, I wanted to see the gap hold, so I put my stop a little below the low of the day. Unfortunately, this morning I was stopped out at a loss.
Looking again at the daily chart I wanted to see if this descending trend line that was previous resistance would hold or if the break out would fail all together. Not wanting to get away from CF, I decided to drop down to my 5 min to look for a re-entry, and use my intraday leverage to gain some cushion as well as make back the loss I took being stopped out. Not the best mind set, but I was focused nonetheless.
Intraday, CF offered a few different opportunities to add and take off risk. Take a look at the 5min. Volume was actually declining on the move down with two huge volume bars at 8:45am and 9:00am, then again at 9:15am. I waited for confirmation and entered a long position at 9:20am at 163.80, putting my stop under the low of that candle at 162.50. While, CF is probably not anyone's first choice to day trade, it did act well the remainder of the day. A few things I took notice to...
1. Volume increased at the bottom to the upside
2. Volume increased and was above average on break outs
3. Once the morning high was broken at 12:10pm, it held at 1:15am on strong volume.
Looking again at the daily chart I wanted to see if this descending trend line that was previous resistance would hold or if the break out would fail all together. Not wanting to get away from CF, I decided to drop down to my 5 min to look for a re-entry, and use my intraday leverage to gain some cushion as well as make back the loss I took being stopped out. Not the best mind set, but I was focused nonetheless.
Intraday, CF offered a few different opportunities to add and take off risk. Take a look at the 5min. Volume was actually declining on the move down with two huge volume bars at 8:45am and 9:00am, then again at 9:15am. I waited for confirmation and entered a long position at 9:20am at 163.80, putting my stop under the low of that candle at 162.50. While, CF is probably not anyone's first choice to day trade, it did act well the remainder of the day. A few things I took notice to...
1. Volume increased at the bottom to the upside
2. Volume increased and was above average on break outs
3. Once the morning high was broken at 12:10pm, it held at 1:15am on strong volume.
CF Daily
CF 5min
CF 1min
Charts of Interest - $AAP $CAT $CFX $CXO $DG $HLF $HMSY etc...
A few names that were mentioned in IBD today such as CFX and IHS, both caught my attention. If you look at the weekly chart of CFX, it has been under accumulation since late October. IHS also mentioned just cleared its 90 area soaring to new all time highs on about 4x average volume.
HLF was looking like a great short as it flagged underneath the 200dma, although breaking out to the upside today thru its 200dma, which for almost a month was finding as resistance. The descending wedge suggests a measured move back to where the pattern originated at highs 63.40ish. A move thru the 50d may provide another entry.
@Flare9x and @ABTrader brought NUAN and INVN to my attention which I entered yesterday. Both working well. INVN moving higher on strong volume.
My favorites remain OXY, EOG, APA, APC, DVN, PXD, NOV, CXO, CLR, and for a cheap one EPM is setting up nicely.
HLF was looking like a great short as it flagged underneath the 200dma, although breaking out to the upside today thru its 200dma, which for almost a month was finding as resistance. The descending wedge suggests a measured move back to where the pattern originated at highs 63.40ish. A move thru the 50d may provide another entry.
@Flare9x and @ABTrader brought NUAN and INVN to my attention which I entered yesterday. Both working well. INVN moving higher on strong volume.
My favorites remain OXY, EOG, APA, APC, DVN, PXD, NOV, CXO, CLR, and for a cheap one EPM is setting up nicely.
AAP Daily
AAP Weekly
CAT Daily
CFX Daily
DG Daily
HLF Daily
HMSY Daily
IHS Daily
INVN Daily
NUAN Daily
ULTA Daily
CXO Daily
CXO Weekly
OXY Daily
OXY Weekly
PXD Daily
CF Daily
Charts of Interest - $APA $APC $EOG $PXD $OXY $CXO
SPY
QQQ
OIH
APC
APA
Weekly
CXO
Weekly
EOG
Weekly
OXY
Weekly
PXD
Weekly
Charts of Interest - $HMSY $DLTR $NUAN $PNRA $DG $SBNY $AAP $HCP
Did a quick scan through the IBD50. These are my favorites among them. HMSY, DLTR, NUAN, PNRA, DG, BWLD, HANS, SBNY, HUM, FFIV, TSCO, ALXN, VRSK, AAP and HCP. You can click on the chart to enlarge.
I'd punch this $FDX Delivery Driver in the Face
I wonder how often this kind of stuff really happens. We'll know that not many out there treat other's property as they do their own. If I saw this guy doing this while delivering to my house, I would be irate.
Are You Frustrated Yet?
I've noticed a lot of frustration on the stream as of lately. The gaps whether they fade or trend seem to be difficult to trade and trust. I just wanted to mention a couple of things that have lead to a decrease in my frustration levels.
Once I noticed that many of my trades were being stopped out at a loss or trail stops hit in fairly short amount of time, I decrease the amount of trades I enter. This is also considering I feel my entry and stop placements are correct, following my strategy and rules for risk management.
I pass on a lot and become much more picky...Volume being the number one indicator I watch.
Depending on the size of the move I think the trade may make, I either drop my share size and widen my stop a bit, or tighten the stop all together. I prefer the dropping share size and widening stops.
Were not in a trending market yet. So to flip flop back and forth from bearish to bullish makes no sense IMO. Having unrealistic expectations of follow thru on either the long or short side doesn't make much sense to me either. While having potential trade set ups is just part of doing the homework like @ChessNWine mentioned in his video the other day.
Here are a couple of links for Day and Swing traders that may or may not help.
Once I noticed that many of my trades were being stopped out at a loss or trail stops hit in fairly short amount of time, I decrease the amount of trades I enter. This is also considering I feel my entry and stop placements are correct, following my strategy and rules for risk management.
I pass on a lot and become much more picky...Volume being the number one indicator I watch.
Depending on the size of the move I think the trade may make, I either drop my share size and widen my stop a bit, or tighten the stop all together. I prefer the dropping share size and widening stops.
Were not in a trending market yet. So to flip flop back and forth from bearish to bullish makes no sense IMO. Having unrealistic expectations of follow thru on either the long or short side doesn't make much sense to me either. While having potential trade set ups is just part of doing the homework like @ChessNWine mentioned in his video the other day.
Here are a couple of links for Day and Swing traders that may or may not help.
The $TLT Daily/ Weekly Butterfly
Daily
Weekly
Weekly Butterfly. AB=CD Completes at 146.50, which also coincides with the D leg of this Butterfly pattern completing at the 1.618 extension. Looking to short the TLT at 145-146. Still a ways out.
Charts of Interest - $SPY $QQQ $ALXN $V $PANL $QCOR $FFIV $HANS
Spy - Possibly forming right shoulder. Would not be confirmed until neckline is broken. Plenty of time.
QQQ Range
ALXN - Pocket pivot move as it cleared 10,21, and 50 day moving averages. Still with in this range.
CATM - On watch, with alerts set at a break of this descending trend line.
EOG- Held 50d, which is a good sign. Still watching the 105 area.
Cat testing the lower end of its range. Needs to hold.
HANS - Pocket pivot move on Friday. Long entry thru 97.00
A couple different looks at PANL. Butterfly and descending wedge
STMP - Descending Wedge. On the weekly, has held 21wk moving average so far.
V - Holding up and basing. Will add thru highs.
VMW - Possible Gartley long entry setting up here.
$GLD (Gartley Pattern) - Long Entry for the Knife Catchers
@Patternprofits just posted a link by @GoldMoneyNews. So I thought I would take a another look at the $GLD chart. Check out this Link on Gold. Explaining Money supply will lead to accelerated inflation.
Anyway, back to the chart of the GLD. Begining in May, it formed a Gartley long entry. While, I did not notice this earlier, the ideal entry was at the .786 retracement of the X to A leg at 151.62. However, trading the pattern you might have wanted to round up to 152-153, thinking it wouldn't retrace perfectly. Stop placement would be determined by your risk tolerance. While trying to catch a falling knife, it is probably prudent to keep a fairly tight stop.
I will be keeping a close eye here to see if I can possibly get a second chance at this entry, my stop will be slightly under 150.00.
Anyway, back to the chart of the GLD. Begining in May, it formed a Gartley long entry. While, I did not notice this earlier, the ideal entry was at the .786 retracement of the X to A leg at 151.62. However, trading the pattern you might have wanted to round up to 152-153, thinking it wouldn't retrace perfectly. Stop placement would be determined by your risk tolerance. While trying to catch a falling knife, it is probably prudent to keep a fairly tight stop.
I will be keeping a close eye here to see if I can possibly get a second chance at this entry, my stop will be slightly under 150.00.
I do love criticism, feel free!
The $VIX $VXX
I was just thinking about the $VIX and this article on Yahoo somewhat answered my question. Check out the full article HERE.
"There is another possible explanation for VIX's seemingly strange reading. Many investors forget – or do not realize – that VIX only provides investors with a 30-day outlook on the U.S. stock market."
"There is another possible explanation for VIX's seemingly strange reading. Many investors forget – or do not realize – that VIX only provides investors with a 30-day outlook on the U.S. stock market."
Daily
Weekly
VXX
$SPY $QQQ - Bullish Optimism.. Inverse H&S
Possibly forming the right shoulder. The Measured Move on a Head and Shoulders is from the head to the neckline. I measure the first target from point of breaking the neckline, not through the high of the pattern, if that makes sense. That is just how I measure it. If this pattern completed, it would put the Spyders in new high territory, 138 area.
If the Inverse Head and Shoulders completes. This bearish weekly ascending wedge would be considered failed.
QQQ - Range bound and starting to reach the pinnacle of this triangle.
Lesson Learned? I don't think so...
Kind of a random thought that popped in my head as I heard a Young Jeezy song on Spoify this afternoon. A couple of friends and I had grabbed a bottle of Crown and Absolute and a local Strip club on a Friday night. I think we might have been celebrating tax time, but I can't quite remember the cause for celebration. Either way, we were getting hammered, as we were pretty good at it. Strippers were everywhere, the club was packed.
We were having a great time. Having fun, strippers drinking and dancing with us. (Side note: I am not a lap dance kinda guy, I'd rather have the strippers drinking with us, listening to their made up stories is amazing.) There always seemed to be that turning point with us and our partying. A fork in the road I guess you could say, where the night continues, or it goes south...real quick. Well, this was sort of both.
At some point in the night, I walked up to go to the bathroom.I'm standing there taking a leak when this half bald, short pudgy guy walks up to use the urinal right next to me. Just weird. he starts talking to me about strippers, this that this that yadda yadda yadda. For some reason, he decides to tell me he is with the Memphis Grizzlies. Was I supposed to be impressed?
This is when I probably should've just kept my mouth shut. Who give a fuck I said. Athletes are a bunch of cock suckers. They treat people like shit and walk around like they own everything. Trust me I know, I've dealt with them all, I continue to rant. He started to get heated and I walk out saying, sorry buddy I stopped giving a shit about sports in the 6th grade.
I start dancing like a retard up the stairs to Go Getta, but before I made it to my table, I was surrounded by four of the biggest black guys I've ever seen. Ahh What the fuck, I keep dancing and try to make it thru two of them. Yeah, that didn't happen. I literally thought i was going to get my ass beaten right then and there. Due to the smoke and alcohol consumption, I don't remember the exchange of words, but what I do remember, is that they drank with us the rest of the night and picked up our 3k tab...While the little pudgy guy sat alone at the bar... Boom Bam
We were having a great time. Having fun, strippers drinking and dancing with us. (Side note: I am not a lap dance kinda guy, I'd rather have the strippers drinking with us, listening to their made up stories is amazing.) There always seemed to be that turning point with us and our partying. A fork in the road I guess you could say, where the night continues, or it goes south...real quick. Well, this was sort of both.
At some point in the night, I walked up to go to the bathroom.I'm standing there taking a leak when this half bald, short pudgy guy walks up to use the urinal right next to me. Just weird. he starts talking to me about strippers, this that this that yadda yadda yadda. For some reason, he decides to tell me he is with the Memphis Grizzlies. Was I supposed to be impressed?
This is when I probably should've just kept my mouth shut. Who give a fuck I said. Athletes are a bunch of cock suckers. They treat people like shit and walk around like they own everything. Trust me I know, I've dealt with them all, I continue to rant. He started to get heated and I walk out saying, sorry buddy I stopped giving a shit about sports in the 6th grade.
I start dancing like a retard up the stairs to Go Getta, but before I made it to my table, I was surrounded by four of the biggest black guys I've ever seen. Ahh What the fuck, I keep dancing and try to make it thru two of them. Yeah, that didn't happen. I literally thought i was going to get my ass beaten right then and there. Due to the smoke and alcohol consumption, I don't remember the exchange of words, but what I do remember, is that they drank with us the rest of the night and picked up our 3k tab...While the little pudgy guy sat alone at the bar... Boom Bam
Charts of Interest - $GLD $SPY $VXX $AMZN $CAT$VMW $WYNN
Some charts are holding key moving averages and support. Others look like shit. I see equally the same amount of long set ups as I do short set ups, at least in the 200 names on Quote list. The inverse ETF's even look like shit to me. I have moved away from day trading to swing trading in the last couple of years, personally. But this is a day traders market in my opinion. I don't feel comfortable holding on the long or short side at this time. For me Cash is best and all I can really do until something changes.
GLD AB=CD Still working on the C to D leg.
SPY Daily
Spy Weekly Ascending Wedge
Spy Monthly Range
VXX Triangle
Fuck it, Day trading, I love trading the high beta names with big ranges. I prefer catching points on smaller shares, then cents on thousands of shares. My main monitor has the 1min, 5min and either a 30min or Daily, along with the level II and position manager. The other three screens are filled with the 5min charts of as many high betas I can fit.
Talking with @SteelerTrader this evening and it sounds like he prefers to use the first 15min range. I prefer the first 30min range. 9 times out of 10, I will sit on my hands the first 30min and wait for the range to develop.
I'm either short thru the first 30min low or long thru the first 30min high. On the 1 and 5min charts are what I love to day trade off of. I use almost the same moving averages as I do on the daily time frame and the same way, mainly as trailing stops. The idea is to use the 50 period in determining the trend and the 10/21 as trail stops.
To me there is no reason set targets, your just going to limit your upside. Why I use trailing stops. The most lucrative days for me are when stock trades down in the morning, sideways, then follow thru to the downside in the afternoon. I haven't day traded in almost two years so I could just be off my rocker, or it's just me missing trading 08. Obviously hindsight is 50/50. I just noticed some nice looking 5min charts today. If this bear starts to get some legs, I might just have to saddle up and start piking again. If that's the case I'll start hangin in @GtoToy's Chat Room.
CAT
VMW Trend Day
Charts of Interest
Looking at the daily and weekly of the SPY. Bearish on the weekly, but if the pattern fails could spike a solid rally. With the exception of the gaps, I think daily looks pretty good. One thing I would say about the gaps for the Bulls are that the gap ups are holding for now.
ARG on watch list.
Seen a lot of posts on the stream on CAT. I think everyone is watching the same levels.
ENB trading into new highs on Friday. Solid pocket pivot on 12/7/11.
EOG - Daily
FFIV holding 10d on average volume. I feel the demand is there.
GNC - watching for a break out of this small flag.
HANS - along with Cat. I think quite a few are watching. I'm looking at entering if highs get taken out and/or follow thru day tomorrow.
HMSY - Watching for follow thru tomorrow.
MA and V - similar charts. Looking at adding to existing positions thru highs.
Nice bounce on less than average volume. On watchlist for now.
N - Will enter on gap down or thru highs.
PRGO - holding 10 after a huge run. Watching for a trade thru 101.50
QCOR - pocket pivot move on Friday off the 10/21d moving averages while breaking out to new highs. Might want to consider on weakness?
RAI on watch. Sitting on 21d. Huge volume surge on 11/17, 11/18, and 11/21
TLEO - Just recently noticed. Into new highs on Friday.
SPG
XOM Daily & Weekly Taking out this long term descending trend line.
TSCO - Somewhat of a longer term ascending triangle. Remaining on watchlist.
Paul Tudor Jones: "I have had trouble sleeping this year.
The hedge fund manager and Robin Hood founder speaks about fighting against poverty at the group's annual awards gathering.
"...I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep."
See the full article here: AbsoluteReturn-Alpha.Com - PTD Article
"...I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep."
See the full article here: AbsoluteReturn-Alpha.Com - PTD Article
The @Stocktwits Edge Notes by @Zlucido
The @StockTwits Edge $$
Lindzon, Pearlman, Ivanhoff
@Zlucido 's Blog Zlucido.tumblr.com
@HowardLindzon
Find Trends, Ride Them, and Get Off
After 20+ years I can't believe how much time you can spend away from the screens and still be successful as a trader.
Less is More
Stock trading at all time highs, the odds are the underlying company is growing very fast, and under accumulation from institutions. Every holder is in a winning position.
@TrendRida
Dont Quit
General rule is that mkts trend 15-30 percent of the time and they are range bound the remainder.
The market will be favorable for trend trading only 2-3 times a year.
@ChrisPeruna
Know Thyself
Looking for gains of 25%+ and losses no larger than 7-10% (or smaller)
Risk 1-3% of total capital
Scan for base formations on quiet volume
Weekly first to establish acc/dist along w/ volume confirmation.
You don't have to be right all the time to be profitable.
Focus on market leaders and manage risk accordingly.
@STT2318
every time a stock makes a high volume breakout from a multi-year range, you should pay attention.
Something significant has happened, and it has changed the supply/demand dynamics.
High volume is an indicator of institutional involvement, and most institutional investors don't start accumulating positions without doing their homework.
@AlphaTrends
Only Price Pays
Stocks are either advancing, declining, or in a neutral period
Accumulation, markup, distribution, decline
Trend traders want to be long in stage 2, short in 4 and avoid 1 & 3
Observe location of stock in relation to 50 sma & slope of the ma
Look for pattern of expanding volume in the direction of the trend followed by lighter volume as volatility contracts and short term corrections ensue.
Intermediate time frame swing trader will consider 65 or 30 min candles. Observe 20-30 day time frame
More accurate to observe 6 periods of 65 minute bars or 13 periods of 13 minute bars
5 day ma: each day mkt open for 13 30 min periods. Over 5 days there are 65 30 min periods, so a 65 period ma on a 30 min chart gives us a dynamic 5 day ma.
Longs should be entered as the stock is above a 5 day ma that is starting to slope upward and is acting as support.
@UpsideTrader
Flags & Wedges
My market philosophy couldn't be any simpler. Following the money flow is key for me.
Experience and skill = SCREEN HOURS
Took me five years to play the game intelligently enough to make big money when I was right.
It's commonsense part of trading that many people still have difficulty implementing.
Never let a gain turn into a loss.
@ChessNWine
Breakout from a tight base
My edge comes from rigorous daily analysis of the price action and trading volumes of individual issues, sectors and indexes.
Looking to allocate my capital only when I notice a chart pattern that gives me a discernible edge.
Without it, I just sit on my hands.
Individual trader, I use my ability to be nimble and selective to my advantage.
3 ?'s: Broad mkt healthy? S&P 220 ma rising? Above 50 ma?
Clear group of stocks leading us higher? Identify and participate in strongest of leadership stocks.
Breakout from a tight base, quiet period is bullish, traders have accepted price level with ease
Always consider potential stop-loss zone before I hit the bid.
When the broad mkt is not healthy, discipline will be your saving grace.
Take profits just as quickly as you cut losing positions, and you will keep your head above water in choppy mkts.
PTJ: Losers average down losers; Winners add to winners.
If you personalize losses, you can't trade.
@HCPG
The Base is Everything
Buying close to the base gives us protection.
Biggest mistake novice traders make is to buy after an extended vertical move away from any base or 20 ma.
When price reverses, it has no base to fall into and enters a price vacuum.
The base provides a logical place to put a stop. Its your safety net.
@Downtown Trader
Trading People, Not Stocks
stocks near end of consolidation range show narrowing of daily range.
Stocks will have large swings as mkt participants attempt to find a fair price after a trend move.
As mkt participantds reach equilibrium, stocks price will narrow in range, typically on contracting volume.
Begins to emerge from this range offers great R:R setup.
Waiting for narrow range candles minimizes risk by placing stop closer to the price action.
Waiting for stock to emerge from consolidation, trader can increase odds by letting mkt confirm strength rather than attempting to guess the next direction right.
My method focuses on initial breakout from narrow consolidation range, i set stops just under the range.
Setup conditions: stock near end of consolidation in uptrend. trading above 20 & 50 sma
patterns revealing participants sentiment.
volume patterns to gauge market participants urgency.
Stops keep risk manageable.
Reasonable target is at least 3 R's away.
@DerekHernquist
Identifying Trend Shifts
Sell your losers & never average down.
Many factors determine what a stock is worth when we make a sell decision, but the price paid should not be one of them. It is a sunk cost that unfortunately bears an outsized psychological trap for many.
Reality is that human emotion drives the trending and correcting processes, which occur over and over again.
@SunriseTrader
A Chart will Never Lie to You
Journal: ticker, date, #, price, date sold, sale price, net P/L, % made/lost, hold duration
why bought, why sold, chart pattern, mkt condition, supp/res levels.
notes: stock is making new highs, higher highs
No longer hold into earnings
Price is what pays and should always be your first indicator.
Volume should be used as away to confirm the price action and urgency of buyers and sellers
Price trumps all
Trade stocks that are leaders in their sector and sectors that are leading the mkt
There is only one side to the stock mkt: not the bull side or the bear side, just the right side, the side yet to be determined.
@1nvestor
The Price tells the Story, Plain and Simple
Patience is key but I also must be disciplined in my exit strategy. I do not trade on hope. I lay out my R/R before the trade and execute those that meet my criteria.
Mkt must be cooperating with direction of the trade, you must know the trend, and not fight it.
@Ivanhoff
The Birth of a New Trend
Reaction to the news is more important than the news itself
Probably I even invented some ways to lose money but i realize this would not be true
Human beings are involved and our nature hasn't changed for thousands of years.
emotional creatures who believe everything should be symmetrical and balanced as it is in nature.
Financial mkts are very different than the linear world.
A place where mean reversion is often delayed long enough to bankruptt the rational thinkers
A place where "once in 100 yrs" events happen every 5 years.
I am wrong about 50% of the time.
Accepting losses is part of the game and cutting them short most important step.
Stock doesn't know that you own it and doesn't care that you cant afford to lose.
Understand and accept your power, you cannot move the market, you cannot tell mr. market where to go and how fast.
You have to establish new connections which takes hard work via repetition and visualization.
Devote effort to studying past winners.
When elephants dance, they leave traces
mkts move in cycles defined by institutional capital allocation.
when institutions buy and sell, they do so in volume and leave clear traces.
Market is healthy a few times a year.
It is fruitless to fight the momentum, as it feeds on itself.
Higher prices boost risk appetite, which attracts fresh capital, which boosts prices even more.
Spot these periods and take advantage of them.
Real money is made at two extremes: value and momentum.
Mkt reflects our collective expectations and perceptions act the future.
Prices change when expectations and perceptions change.
Price changes and trends are fueled by catalysts.
Best performance comes form those that surprise the most often and by the highest margins.
Price trends are born and sustained by catalysts. behind each earnings trend there is a social trend that makes it possible.
Bulk of directional mlt moves tend to happen in just 10-15 % of the trading days.
The rest in nothing more than noise in a range.
high volume ( 3x 20 day avg) & price expansion ( 2x ATR past 20 days & 10 % move) guarantee institutional involvement
When institutions buy they leave traces.
They are heavy, slow buyers, therefore I have enough time to enter and exit as they build positions.
I look for stops breaking out of long sideways range, longer the better for the potential of the upside move.
Everyone who owns is a winner and this will naturally decrease the supply, making acc difficult and allowing slightest demand to sustain new highs in price.
Price is often the leading indicator, volume and risk appetite follow price.
No setup works all the time, success rate of any setup is a derivative of the current mkt environment.
Liquidity runs in cycles.
Event that changes perception of value usually leads to tremendous price appreciation in a short period.
Volume often follows price.
Initiate a position with a pilot buy and add after my thesis is confirmed by price action of the stock
Lock in partial gains on day I enter. Puts me in a position of strength, helping me remain in the trade.
Psychology is very difficult to buy stock that appreciated 20% in 2 days. Mean reversion is the normal state of mind.
Momentum traders are true contrarians, as willing to engage in as tock at price levels that are mentally uncomfortable for the average human being.
Nothing magical about moving averages. Just look like a natural zone of support for simple reason they have played this role so much in the past.
When enough pppl act on their beliefs, their expectations turn into a self-fulfilling prophecy and the stock bounces again.
When a stock closes below relevant moving avg is a clear sign the easy money has been made.
Stock is probably entering into a consolidation period and only a new catalyst can help defeat the gravity of the range.
Only constants are the change and the uncertainty.
Markets are always evolving and if you don't evolve you will be left behind.
Past successes mean next to nothing. Everyday is a new battle.
Successful trading is 90% psychology & 10% knowledge about the underlying forces that drive price. Most people defeat themselves. Cut your losses short, let your winners run and review your trades.
There are no perfect setups, it is about how you manage your position.
@TodayTrader
Change is the only Constant
No matter what we learned in the past, nothing lasts forever.
Pitching coaches take pitchers out of the game when they do not have their normal stuff working.
A good trader needs to know to pull himself out of the game, as there is no coach to do it for you.
The policy of being too cautious is the greatest risk of all.
@TheKirkReport
Art of Trading
People learn in different ways, key toward greater success and fast relearning curve is to have well documented learning plan.
Plan your work and work your plan.
Accurate records and close evaluation of performance for multiple time periods.
those who perform the best, learn methods to separate opinions and beliefs form trading decisions.
No longer seek to trade their opinions but to exploit opportunities.
trade consistently well must go against all natural instincts you have.
Undertsnading and having strong working knowledge of both human nature and emotion combined with own natural tendoncies must not be underestimated.
Once you learn to really los money in the market, you learn how to improve and succeed even more.
Traders who have learned to turn off and tune out all media input outperform significantly.
If you saw difference you would radically change how you spend your own research time.
If your goal is to make money, stop trying to make yourself look smart and turn off and tune out all noise.
Proper position sizing remains one of the least respected, underutilized and misunderstood concepts for most traders.
Proper risk mgmt will determine your success as a trader more than anything else.
Those who focus on one strategy fair better than those who work on multiple systems.
Those who tweak and adjust strategy all day underperform on multiple time frames.
too many traders know a lot of things but are not experts in any.
if you don't know your strategies weakness, its not b/c they do not exist, but rather you simply haven't discovered them yet.
making the simple complicate dis easy. making the complicated simple is brilliant.
simply strategies that can be explained to a10 yr old work far better than complex and difficult to explain ones.
Make your system simple, straightforward and match it to your personality
Avoid temptation to add layers of complexity and indicators to your approach.
Path to success resides within you and cannot be purchased from another human being.
Learn all you can from those around you, but ultimately you must carve your own approach and go your own way in the market.
Lindzon, Pearlman, Ivanhoff
@Zlucido 's Blog Zlucido.tumblr.com
@HowardLindzon
Find Trends, Ride Them, and Get Off
After 20+ years I can't believe how much time you can spend away from the screens and still be successful as a trader.
Less is More
Stock trading at all time highs, the odds are the underlying company is growing very fast, and under accumulation from institutions. Every holder is in a winning position.
@TrendRida
Dont Quit
General rule is that mkts trend 15-30 percent of the time and they are range bound the remainder.
The market will be favorable for trend trading only 2-3 times a year.
@ChrisPeruna
Know Thyself
Looking for gains of 25%+ and losses no larger than 7-10% (or smaller)
Risk 1-3% of total capital
Scan for base formations on quiet volume
Weekly first to establish acc/dist along w/ volume confirmation.
You don't have to be right all the time to be profitable.
Focus on market leaders and manage risk accordingly.
@STT2318
every time a stock makes a high volume breakout from a multi-year range, you should pay attention.
Something significant has happened, and it has changed the supply/demand dynamics.
High volume is an indicator of institutional involvement, and most institutional investors don't start accumulating positions without doing their homework.
@AlphaTrends
Only Price Pays
Stocks are either advancing, declining, or in a neutral period
Accumulation, markup, distribution, decline
Trend traders want to be long in stage 2, short in 4 and avoid 1 & 3
Observe location of stock in relation to 50 sma & slope of the ma
Look for pattern of expanding volume in the direction of the trend followed by lighter volume as volatility contracts and short term corrections ensue.
Intermediate time frame swing trader will consider 65 or 30 min candles. Observe 20-30 day time frame
More accurate to observe 6 periods of 65 minute bars or 13 periods of 13 minute bars
5 day ma: each day mkt open for 13 30 min periods. Over 5 days there are 65 30 min periods, so a 65 period ma on a 30 min chart gives us a dynamic 5 day ma.
Longs should be entered as the stock is above a 5 day ma that is starting to slope upward and is acting as support.
@UpsideTrader
Flags & Wedges
My market philosophy couldn't be any simpler. Following the money flow is key for me.
Experience and skill = SCREEN HOURS
Took me five years to play the game intelligently enough to make big money when I was right.
It's commonsense part of trading that many people still have difficulty implementing.
Never let a gain turn into a loss.
@ChessNWine
Breakout from a tight base
My edge comes from rigorous daily analysis of the price action and trading volumes of individual issues, sectors and indexes.
Looking to allocate my capital only when I notice a chart pattern that gives me a discernible edge.
Without it, I just sit on my hands.
Individual trader, I use my ability to be nimble and selective to my advantage.
3 ?'s: Broad mkt healthy? S&P 220 ma rising? Above 50 ma?
Clear group of stocks leading us higher? Identify and participate in strongest of leadership stocks.
Breakout from a tight base, quiet period is bullish, traders have accepted price level with ease
Always consider potential stop-loss zone before I hit the bid.
When the broad mkt is not healthy, discipline will be your saving grace.
Take profits just as quickly as you cut losing positions, and you will keep your head above water in choppy mkts.
PTJ: Losers average down losers; Winners add to winners.
If you personalize losses, you can't trade.
@HCPG
The Base is Everything
Buying close to the base gives us protection.
Biggest mistake novice traders make is to buy after an extended vertical move away from any base or 20 ma.
When price reverses, it has no base to fall into and enters a price vacuum.
The base provides a logical place to put a stop. Its your safety net.
@Downtown Trader
Trading People, Not Stocks
stocks near end of consolidation range show narrowing of daily range.
Stocks will have large swings as mkt participants attempt to find a fair price after a trend move.
As mkt participantds reach equilibrium, stocks price will narrow in range, typically on contracting volume.
Begins to emerge from this range offers great R:R setup.
Waiting for narrow range candles minimizes risk by placing stop closer to the price action.
Waiting for stock to emerge from consolidation, trader can increase odds by letting mkt confirm strength rather than attempting to guess the next direction right.
My method focuses on initial breakout from narrow consolidation range, i set stops just under the range.
Setup conditions: stock near end of consolidation in uptrend. trading above 20 & 50 sma
patterns revealing participants sentiment.
volume patterns to gauge market participants urgency.
Stops keep risk manageable.
Reasonable target is at least 3 R's away.
@DerekHernquist
Identifying Trend Shifts
Sell your losers & never average down.
Many factors determine what a stock is worth when we make a sell decision, but the price paid should not be one of them. It is a sunk cost that unfortunately bears an outsized psychological trap for many.
Reality is that human emotion drives the trending and correcting processes, which occur over and over again.
@SunriseTrader
A Chart will Never Lie to You
Journal: ticker, date, #, price, date sold, sale price, net P/L, % made/lost, hold duration
why bought, why sold, chart pattern, mkt condition, supp/res levels.
notes: stock is making new highs, higher highs
No longer hold into earnings
Price is what pays and should always be your first indicator.
Volume should be used as away to confirm the price action and urgency of buyers and sellers
Price trumps all
Trade stocks that are leaders in their sector and sectors that are leading the mkt
There is only one side to the stock mkt: not the bull side or the bear side, just the right side, the side yet to be determined.
@1nvestor
The Price tells the Story, Plain and Simple
Patience is key but I also must be disciplined in my exit strategy. I do not trade on hope. I lay out my R/R before the trade and execute those that meet my criteria.
Mkt must be cooperating with direction of the trade, you must know the trend, and not fight it.
@Ivanhoff
The Birth of a New Trend
Reaction to the news is more important than the news itself
Probably I even invented some ways to lose money but i realize this would not be true
Human beings are involved and our nature hasn't changed for thousands of years.
emotional creatures who believe everything should be symmetrical and balanced as it is in nature.
Financial mkts are very different than the linear world.
A place where mean reversion is often delayed long enough to bankruptt the rational thinkers
A place where "once in 100 yrs" events happen every 5 years.
I am wrong about 50% of the time.
Accepting losses is part of the game and cutting them short most important step.
Stock doesn't know that you own it and doesn't care that you cant afford to lose.
Understand and accept your power, you cannot move the market, you cannot tell mr. market where to go and how fast.
You have to establish new connections which takes hard work via repetition and visualization.
Devote effort to studying past winners.
When elephants dance, they leave traces
mkts move in cycles defined by institutional capital allocation.
when institutions buy and sell, they do so in volume and leave clear traces.
Market is healthy a few times a year.
It is fruitless to fight the momentum, as it feeds on itself.
Higher prices boost risk appetite, which attracts fresh capital, which boosts prices even more.
Spot these periods and take advantage of them.
Real money is made at two extremes: value and momentum.
Mkt reflects our collective expectations and perceptions act the future.
Prices change when expectations and perceptions change.
Price changes and trends are fueled by catalysts.
Best performance comes form those that surprise the most often and by the highest margins.
Price trends are born and sustained by catalysts. behind each earnings trend there is a social trend that makes it possible.
Bulk of directional mlt moves tend to happen in just 10-15 % of the trading days.
The rest in nothing more than noise in a range.
high volume ( 3x 20 day avg) & price expansion ( 2x ATR past 20 days & 10 % move) guarantee institutional involvement
When institutions buy they leave traces.
They are heavy, slow buyers, therefore I have enough time to enter and exit as they build positions.
I look for stops breaking out of long sideways range, longer the better for the potential of the upside move.
Everyone who owns is a winner and this will naturally decrease the supply, making acc difficult and allowing slightest demand to sustain new highs in price.
Price is often the leading indicator, volume and risk appetite follow price.
No setup works all the time, success rate of any setup is a derivative of the current mkt environment.
Liquidity runs in cycles.
Event that changes perception of value usually leads to tremendous price appreciation in a short period.
Volume often follows price.
Initiate a position with a pilot buy and add after my thesis is confirmed by price action of the stock
Lock in partial gains on day I enter. Puts me in a position of strength, helping me remain in the trade.
Psychology is very difficult to buy stock that appreciated 20% in 2 days. Mean reversion is the normal state of mind.
Momentum traders are true contrarians, as willing to engage in as tock at price levels that are mentally uncomfortable for the average human being.
Nothing magical about moving averages. Just look like a natural zone of support for simple reason they have played this role so much in the past.
When enough pppl act on their beliefs, their expectations turn into a self-fulfilling prophecy and the stock bounces again.
When a stock closes below relevant moving avg is a clear sign the easy money has been made.
Stock is probably entering into a consolidation period and only a new catalyst can help defeat the gravity of the range.
Only constants are the change and the uncertainty.
Markets are always evolving and if you don't evolve you will be left behind.
Past successes mean next to nothing. Everyday is a new battle.
Successful trading is 90% psychology & 10% knowledge about the underlying forces that drive price. Most people defeat themselves. Cut your losses short, let your winners run and review your trades.
There are no perfect setups, it is about how you manage your position.
@TodayTrader
Change is the only Constant
No matter what we learned in the past, nothing lasts forever.
Pitching coaches take pitchers out of the game when they do not have their normal stuff working.
A good trader needs to know to pull himself out of the game, as there is no coach to do it for you.
The policy of being too cautious is the greatest risk of all.
@TheKirkReport
Art of Trading
People learn in different ways, key toward greater success and fast relearning curve is to have well documented learning plan.
Plan your work and work your plan.
Accurate records and close evaluation of performance for multiple time periods.
those who perform the best, learn methods to separate opinions and beliefs form trading decisions.
No longer seek to trade their opinions but to exploit opportunities.
trade consistently well must go against all natural instincts you have.
Undertsnading and having strong working knowledge of both human nature and emotion combined with own natural tendoncies must not be underestimated.
Once you learn to really los money in the market, you learn how to improve and succeed even more.
Traders who have learned to turn off and tune out all media input outperform significantly.
If you saw difference you would radically change how you spend your own research time.
If your goal is to make money, stop trying to make yourself look smart and turn off and tune out all noise.
Proper position sizing remains one of the least respected, underutilized and misunderstood concepts for most traders.
Proper risk mgmt will determine your success as a trader more than anything else.
Those who focus on one strategy fair better than those who work on multiple systems.
Those who tweak and adjust strategy all day underperform on multiple time frames.
too many traders know a lot of things but are not experts in any.
if you don't know your strategies weakness, its not b/c they do not exist, but rather you simply haven't discovered them yet.
making the simple complicate dis easy. making the complicated simple is brilliant.
simply strategies that can be explained to a10 yr old work far better than complex and difficult to explain ones.
Make your system simple, straightforward and match it to your personality
Avoid temptation to add layers of complexity and indicators to your approach.
Path to success resides within you and cannot be purchased from another human being.
Learn all you can from those around you, but ultimately you must carve your own approach and go your own way in the market.