No and neither should you!  In fact, there are often stocks that I mention that may be a good setup but, that I won’t trade myself,  because the personality of the stock does not match my own personality.  I know that stocks that look like “slower movers” are not ones I typically have patience with, so I avoid those.  Yet, more patient Alphatrends traders often do quite well with them.  There are a wide range of stocks covered each day and that is done intentionally to offer up low risk/high potential ideas that fit your parameters.   Focus on the stocks which “speak to you”.  If you don’t understand or are not comfortable with the setup you will be more prone to making emotional (costly) decisions.

The official ideas are generally setups which show lower volatility and have more developed patterns, which make finding actionable levels easier to identify than the watch list ideas. Official ideas are tracked (with fairly tight stop levels) for swing trades, while the watch list ideas are typically more volatile stocks or ones where the setup has not yet developed fully. We will often “stalk” watch list stocks for a few days, and then they will become “official” ideas as the setups become clearer. There are often some very good trades which develop from the watch list ideas, but they are best suited to day traders who can watch the action closely throughout the day. Both the official and the watch list ideas are monitored and updated each day in the mid-day and end-of day videos.

No, like options, leveraged ETFs have their own unique risks which make them inappropriate for a lot of traders. The End-of-Day video focuses on the major index ETFs and the levels mentioned for those markets can be used to trade the leveraged products.  Make sure you understand how daily compounding can dramatically affect the actual returns of these products versus the relationship you expect to the non-leveraged ETFs. This is an excellent source of leveraged ETFs https://bit.ly/3GAG67U

No, this is not an options trading service. I do not think that options are appropriate for a lot of participants but, there are instances when they can be used to reduce risk. There are times when I will mention that I am considering options on a certain trade and fewer instances when I actually disclose an options trade I am in. Generally speaking, options are riskier to trade and should only be used by more experienced traders who fully understand the risks. You are always welcome to ask about an option strategy you are considering and I will give you feedback on it as I would with an individual stock request.

It is smart to have an idea where the stock has the potential to go.  This is the basis of the reward part of a risk/reward ratio.  Yet,  remember that a price objective is just there as a guide to help us decide if taking a position is justified. Once we actually enter the trade, we have only one job and that is to manage risk! There is an often mentioned phrase that “winners take care of themselves” and to a degree that is true, but we cannot sit idly waiting for our target to be reached and fail to lock in profits or to let a winner turn into a loser. The market does not care where we think it should go, it is going to do whatever it does.  We need to listen objectively to price action and adjust our position size and stops according to that message.

Remember, the official trade ideas are meant as swing trades, and they are simply suggestions.  It is never my intent to tell people what to do. When we first get involved in a trade and the stock moves quickly, I like to take a little of the profit quickly. Taking this small profit and quick gain accomplishes 2 things. First, it allows us to cover all of our transaction costs on the trade. Secondly, it lets us be in a “position of strength” on the remainder of the position and it doesn’t hurt as badly if the stock reverses course and stops us out. The most common level I suggest taking ⅓ of a position off is at or near daily R2 (longs) or S2 (shorts.) There is no perfect place to take a partial profit, but using the mathematically based pivot levels gives us a consistent method to reduce risk. If the initial sale seems early to you or just doesn’t seem worth it then, do what is right for you! Adjust the trade to your risk profile, holding time, goals, etc.. If you have a question, about alternative stops or levels to reduce exposure, simply ask in the Forums.

There really is no “one best time frame” to analyze. In order to achieve a true edge in trading it is imperative to study price action on multiple time frames. A minimum of three time frames (long , short and intermediate term) should be consulted before entering a stock position. For swing traders these time frames should be: 1- daily chart of 150-200 days for the long term trend recognition, 2- 30 or 65 minute time frame for 30-50 days for risk/reward determination, and  3- 10/5 or even 2 minute time frame for 2-10 days to fine tune entries For day traders the three suggested time frames are 30/65 minute for long term trend, 10/5 minute time frame for risk/reward determination and 2/1 minute charts for fine-tuning of entry.

Candlestick charts are more visually appealing than bar or line charts.  Beyond that I personally pay close to zero attention to the patterns they form. It is my belief that if you want to understand the message of an individual candle, or a group of them, you can learn a lot more by analyzing the data on a shorter time frame. The detail from shorter time frames allows for a much clearer interpretation of the action on the larger time frame.