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Risk Management on A Trade
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.
Let’s […]
Election Over, Now What?
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 […]
Market Gap Up
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 […]
Buy The Breakout? Part 2
In THIS POST we spoke about the importance of “where has the stock come from?” and not chasing breakouts. Since exiting the balance of that position with a profit at 48.30, the stock continued to selloff, all the way down to 42.02 in the next six trading sessions (see chart below.)
Today we had QRVO […]
Webinar Recording & Trade Ideas for 11/1/16
Alphatrends Subscriber Webinar 10/31/16 from Brian Shannon – Alphatrends on Vimeo.
Buy The “Breakout”?
On Friday we purchased shares of Ctrip.com (CTRP) at a price of 4753 (point A) as the stock broke past a short term level of resistance above the rising 5 DMA. We took partial profits as the stock climbed above 4800. On Tuesday, as the stock broke above the September high of 4943, it […]
Proper Entry After a Gap of a Watchlist Stock
Our plan was to buy BIDU above 17750 but we don’t chase gaps higher, especially first thing on a Monday morning. The safer entry comes after a quick pullback (in this case, just under $1 in less than 10 minutes, a scary pullback if you purchased early.)
Looking to the chart on the […]
