Chapters
00:00 Intro: Cookie_M Joins the Bagscast
01:36 Cookie_M: Investing With Clear Objectives
03:42 Low-Cap Tech and Holding Longer
05:12 Ben: Trading Out of Boeing
06:44 Short Trades in CRISPR and Square
07:14 Cookie_M: Focus on Five or Six Names
08:14 Tesla's Trend
09:17 Buying in Scales
10:19 Cookie_M: Every Ticker Has a DNA
12:55 Cookie_M: Bottom Left to Top Right
14:27 Cookie_M: Months of Sideways Action
16:32 AMD's Head and Shoulders Bears
17:35 Holding Leaders
20:40 Cookie_M: Levels Need a Strategy
24:46 Discipline and Simplicity
28:18 Cookie_M: The Rising Moving Average
31:52 Cookie_M: When the 9 MA Flattens
32:22 Cookie_M: From the 9 to the 20 to the 50
35:55 Cookie_M: Forecasting the Wedge
37:59 Cookie_M: AMD's Four-Hour Chart
41:04 Cookie_M: Respecting Falling Averages
43:07 Cookie_M: Managing a Short in Thirds
45:12 Cookie_M: Shorter Time Frames, Earlier Signals
47:14 Cookie_M: AMD's Monthly
49:17 Cookie_M: Buying Rising Monthly Averages
51:52 Cookie_M: Consolidations Are Harder to Trade
54:24 Cookie_M: Moving Averages Bunching Together
56:29 Cookie_M: The 2018 Comparison
59:37 Cookie_M: Trading the Range
1:05:17 Scaling Out and Accumulating
1:07:21 Ben: Scaling Out of AMD
1:08:22 Cookie_M: Take the Easy Trends
1:08:52 Wrap-Up
Market Hours #3 was a Bagscast one-on-one with Ben and Cookie_M, released Tuesday, January 25. Cookie_M explained how every ticker has a DNA and how rising and falling moving averages, from the 9 to the 20 to the 50, tell the story of a trend, using AMD's weekly, four-hour and monthly charts. Ben talked about trading out of Boeing and scaling out of AMD without giving up the position. The two also covered clear objectives, holding leaders, Tesla's trend, discipline and simplicity, the 2018 comparison and why consolidations are harder to trade.
Cookie_M's setups, levels and trades
Cookie_M said "too many people approach the markets without clear objectives." "Each of these tickers has a dna meaning that they will typically go through very similar cycles to historic cycles that they've done in the past." As a rule of thumb, he looks for "a stock ticker that goes from bottom left of a chart to the top right." "At the core of my methodology which is probably not unique right is a rising moving average." "When a moving average starts to flatten out it tells you of a weakening uptrend," and "when price loses a nine weekly moving or a nine m a it will naturally find" the 20. On a short, "if it takes about the 9ma i'll cut a third but i'm still short because it's still a bearish trend." "The shorter the time frame the earlier the signal you're going to get." On the monthly, "i would buy a 20 monthly moving average even if we go below once they're still rising i have no fear." "My gut feeling is that it will take time for this to heal," and "you tend to see trend changes when all the moving averages start bunching together." Comparing it with 2018, "this is a routine pullback because the market has done this several times." His advice: "take the easy trends and when things are moving sideways" and hard, "walk away just hold what you're holding."
Ben's setups, levels and trades
Ben said "some of the things that i was selling like like a boeing," where "looking at my chart technically it looked like okay maybe i'm going to be able to get a 10 or 15 percent pop from boeing." On Tesla, "i don't think the stock is broken." On AMD, "why would i completely trade out of amd just because it hits a shorter term time frame resistance i want to be able to maybe scale out of some of my weight in hopes that i get in" lower.
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