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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 […]
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 […]
Alphatrends Subscriber Webinar 10/31/16 from Brian Shannon – Alphatrends on Vimeo.
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 […]
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 […]