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- š”The game has just begun. Stock Picks, Elite Insights and Weekly Educationšš
š”The game has just begun. Stock Picks, Elite Insights and Weekly Educationšš
The market is showing its hands š¤²
Quick Recommendations Worth Following:
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Sit back, scroll through, prep for tomorrow, and stay informed šāāļø
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Investors Lab Recap: Stock on our radar + Business news
Education - 3 reasons traders canāt stay profitable
Elite Market Analysis: Is the market going up or down next?
Investors Lab
On our radar.
$SQ has been a company weāve mentioned before, but this is catching our eye for an add to our current position.
For those who donāt know, this stock was alerted by us at $42, and it traded as high as $80. We trimmed our position to take some off the table but will be looking to add again. (View complete analysis here)
$CPB
(freebie levels)
Dating back to 2001, 2008, and other economically challenging eras, this company has found a way to stay consistent. This isnāt a fast gainer, but it is consistent and straightforward. This could be a great addition to a long-term portfolio if you can get this near 2008-2009 prices.
If you havenātā¦Lock In Higher Rates in Bonds or Certificate Deposits While You Still Can
Locking in higher rates in bonds or certificate deposits (CDs) while they are available is important for several reasons:
Interest Rate Environment:
Financial Security:
Inflation Hedge:
Read more from our previous reading here!
Edu
Three reasons traders canāt stay profitable.
The Overtrading Dilemma: ā ļø Overtrading is a pervasive challenge that frequently hampers traders' profitability. Fueled by the desire for quick gains, overtrading often leads to impulsive decisions and excessive transaction costs. To overcome this, cultivate discipline in executing only well-thought-out trades aligned with your strategy. Set predefined criteria for entering and exiting positions and resist the temptation to trade excessively in pursuit of short-term gains.
My trading rules state, āIf I didnāt do my due diligence, donāt know enough about it,ā and if it isnāt near a support or resistance area, donāt take it. If I enter in the middle of a trend, I enter with Ā½ size or less.āImpatience and Unfamiliar Territory: šŗļø Trading unfamiliar markets or assets without a solid understanding can lead to unnecessary losses. Develop expertise in specific markets or instruments, and patiently wait for setups that align with your established strategies. By focusing on familiarity, you position yourself to make informed decisions and avoid the pitfalls of venturing into uncharted territory.
Timing is Everything: ā° Knowing when to trade and, equally crucial, when to refrain from trading is a skill that eludes many traders. Poor timing can lead to losses, especially in volatile markets. Develop a keen sense of market conditions, use technical analysis tools to identify optimal entry points, and refrain from trading during periods of uncertainty. By mastering the art of timing, you enhance the probability of executing successful trades and avoiding unnecessary risks.
Example: if the market has been open for 4 hours and ES mini is only up 5 points on the day from trading in a tight range, donāt you think it's better worth the risk to wait for a day that we open up or down 30 points? Wouldn't this give us a better possibility of a large move intraday?
If you havenāt checked out our recommended stock course or downloaded our stock market ebook, please do so.
Suppose you are a video learner and want something free. Check out the video below! Though some things I do differently, if you are a beginner, this will help you get started!
DISCORD / TELEGRAM TRADE RECAP
Discord Alerts
Results
$SPY puts. Bought for $49 per contract and sold all at $95 per contract
More $SPY puts
Did you make money in the stock market this month? |
Whatās next? Deep dive into weekly levels and stocks on our radar!
Scroll for all Analysis
People simplify want to knowā¦ Is the market going up or down? First let us cover some news.
Economic/News Calendar for next week:
$BA - closed last week at 249. With this news, if this does not gap down Monday during pre-market, I do not expect these levels to hold if the general market starts to trend downward. News trumps the majority of the time.
This may have been a better play for those who bought puts last week. Sometimes the market movements are delayed. If delayed, it may offer a second chance for late bears. (See levels)
Elite Analysis
We announced our Pivot of 4790 on /es 17 days ago in this post here. We opened a short position at 4800, and once our pivot was breached, below are the results.
The yellow line was the bearish pivot. Alerted in trading chat. Market trended 95 points lower into 4695
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This is how my mind looks at the market thus far.
This top-volume shelf favored sellers, and we have now treated previous support as resistance. The question is, for how long?
Our pivot of 4190 created a selloff to 4695. We have now lowered the pivot to 4760. This level has been respected as resistance (view below), so if the market has zero daily closes above 4760, can I really be bullish?
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