Check my dvd if interested to learn simple day trading - http://www.agaptrader.com/Trading_DVDs.php
Tuesday, May 23, 2017
XLNX short
Called it live on twitter and stocktwits at 9:33am before the move happens. I shorted it close to the 64 mark and took profits close to next whole number at 63. Played out awesome. Check out how I consistently call such plays and profit from it. I called it much before the play happened.
Check my dvd if interested to learn simple day trading - http://www.agaptrader.com/Trading_DVDs.php
Check my dvd if interested to learn simple day trading - http://www.agaptrader.com/Trading_DVDs.php
Friday, May 19, 2017
WDAY long
Called Workday long when it had not yet started going up at 9:39am EST. Check out how I played it again. This strategy covered in my dvd is called - Mid Bar Continuation play. Check out how I played it and why I take profits at whole numbers. Another awesome trade called live on twitter and stocktwits
Thursday, May 18, 2017
FSLR trade - Gap FILL?
One of the traders had earlier asked me a question about the gap fill on FSLR trade today and if it is 30.32 or 32 or 32.5 and my take on it. We did go to and fro on this and here is my take on gap fills and approximations.
Few things I have seen with stocks is:
1- there are no absolute rules that it HAS to fill the gap. It can also fill in 55% of that gap and that is considered good too.
2- Most of the time it works with approximations like whole number because many traders like me take profit or hits stop loss at close to whole numbers. So it is always a region not a definite value. Many may not agree on this but it does work many times. There is no brick wall that the stock has to touch a point before it can go up/down. Hence approximations work
3. Just because this is one example that is being discussed does not mean that this is the RULE. It was for this example, tomorrow it may do something different like CASE 1 pointed out in the chart.
4. Stock price and liquidity has a lot to do with it too. $3 down is 10% down that is big so even if one gets anywhere between 3-7%, it should be good enough and trade-able.
5. Most of the times it works with support resistance better. Like 32.5 region is where the support likes and so is 33.5, it could have gone to 30.32 too.. but that is way far off and the daily pattern does not show that the stock on an average moves $3-$5.
6. 200 Day Moving Average is shown with a purple line. That also has significance and that may hold if stock is up or may hold if stock is low. It will test that point just because many traders believe in it.
7. Fibonacci series traders have a definite way of trading and that works too.
Taking all this into consideration, I would take profits at whole numbers most of the time and it has worked for me with my strategy. It may take many sessions for an actual gap fill. So day trading has a different meaning on it. Longer term or swing trades can say 30.32 for their eventual target, may work for that strategy. Again there is no brick wall that it has to bounce. Approximations always work.
As you can see different traders trade differently based upon chart intervals, type of trading - swing/day/long and hence no ONE trader gets their way. This is what makes stocks most interesting...
This works for my strategy, does not mean the other strategies and successful traders cannot have their way. As long as a trader can do it consistently, I think anything goes. Hope this helps.
Few things I have seen with stocks is:
1- there are no absolute rules that it HAS to fill the gap. It can also fill in 55% of that gap and that is considered good too.
2- Most of the time it works with approximations like whole number because many traders like me take profit or hits stop loss at close to whole numbers. So it is always a region not a definite value. Many may not agree on this but it does work many times. There is no brick wall that the stock has to touch a point before it can go up/down. Hence approximations work
3. Just because this is one example that is being discussed does not mean that this is the RULE. It was for this example, tomorrow it may do something different like CASE 1 pointed out in the chart.
4. Stock price and liquidity has a lot to do with it too. $3 down is 10% down that is big so even if one gets anywhere between 3-7%, it should be good enough and trade-able.
5. Most of the times it works with support resistance better. Like 32.5 region is where the support likes and so is 33.5, it could have gone to 30.32 too.. but that is way far off and the daily pattern does not show that the stock on an average moves $3-$5.
6. 200 Day Moving Average is shown with a purple line. That also has significance and that may hold if stock is up or may hold if stock is low. It will test that point just because many traders believe in it.
7. Fibonacci series traders have a definite way of trading and that works too.
Taking all this into consideration, I would take profits at whole numbers most of the time and it has worked for me with my strategy. It may take many sessions for an actual gap fill. So day trading has a different meaning on it. Longer term or swing trades can say 30.32 for their eventual target, may work for that strategy. Again there is no brick wall that it has to bounce. Approximations always work.
As you can see different traders trade differently based upon chart intervals, type of trading - swing/day/long and hence no ONE trader gets their way. This is what makes stocks most interesting...
This works for my strategy, does not mean the other strategies and successful traders cannot have their way. As long as a trader can do it consistently, I think anything goes. Hope this helps.
Pattern and Strategy: FSLR and CAT
Check out how my strategy called - Mid Bar Continuation. Check out the similarity between these 2 charts. This is covered in detail in my DVD on how to spot, prepare for the trade, stop loss and add to your position and exits.
CAT short
Called out CAT short at 9:39am EST when the trade had just started to form. Check out the chart for this one - CAT and also for FSLR. You will see so much similarity. This is how I trade on my patterns. You will find many such trades with similar pattern. You just need to learn the strategy and jump on the opportunity. Check out how I traded CAT.
All this is covered in detail in my DVD. Check my website
All this is covered in detail in my DVD. Check my website
Tuesday, May 16, 2017
WYNN long
Called out WYNN long at 9:37am EST as I saw the chart going up in the pattern that we are used to trading. It was an awesome trade with perfect opportunities to add to the trade. This is exactly how I have covered it in my DVD. check it out
Tuesday, May 2, 2017
COH long
Played COH long today. It was a good gap up stock and after the 1st initial dip which kind of held the whole number, it climbed up straight to the next whole number where I took my profits. Check out how I play these consistently every day.
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