Picking bottoms (or a top) in a stock is one of the most difficult jobs on Wall Street and it is something which I rarely attempt to do. There is, however, one time of year that I have had success in finding deeply oversold stocks which have produced incredible short term percentage moves over the […]
Here are a few posts you may have missed on Alphatrends this week.
TAKING PROFITS IS GOOD
DISSECTING A TRADE NOT TAKEN
Learn more with the ALPHATRENDS COURSES
The best trader I know has had a breakout year. Some of the milestones he has met in 2016 include;
-His first $100,000 day
-His first $1,000,000 day
-A $25 Million MONTH!!
In late October, shares of Akami Technologies ($AKAM) gapped higher and over the next month it digested those gains in what appeared to be a constructive way. We had it on our radar as a watch list idea on 11/29 (green highlighted day on 30 min chart on the right.)
We DID NOT […]
I wanted to continue with a recent theme of taking profits. In THIS POST LAST WEEK we dissected our decision to exit MXL, the chart below was shown in that post. Scroll down a little to the same stock today. NOT GETTING out would have been expensive!
MXL updated November 30
Or how […]
Two guiding principles of Alphatrends are to ask these questions before we enter any new trade
– Where has the stock come from?
– Where does the stock have the potential to go?
Everyday these questions (along with other helpful reminders) are on our swing sheet with the trading ideas. They are there to make sure we […]
Save $25 on a new subscription to the same charts I use with THIS LINK
On Thursday we had shares of Western Digital $WDC on our swing trade idea list. The daily sheet showed that we wanted to “buy above 5804 w stop of 5639, raise the stop quickly once the stock is above 5850.” The trade was explained in much more detail (as always) in the video.
Now that the US Presidential election is behind us, it is a good time to review our approach ahead of the event.
Most importantly, here is what we did NOT do:
– We did not try to make a prediction about who would win
– We did not try to predict how the market would respond to any […]
The chart below shows a common scenario when the SPY has been in a recent downtrend and then gaps above the declining 5 DMA. I am posting this as a potential scenario for trading tomorrow. Of course, it is not meant as a blueprint for what will happen but certainly a possibility to […]