Trading Strategy: Trading Notes: I'm not going to come in with a new trade setup this morning, but I am strongly considering adding SHÂ to my portfolio in the early going. I want to first wait and see how the market internals and overall price action looks before getting more aggressive. Overall the price action continues
Trading Strategy: Trading Notes: Stocks rallied hard yesterday, leaving us as traders to figure out whether it is a one day ripper like we have seen plenty of times before or a much bigger rally like the one we saw start off fo the March 14th lows. If it is the latter, I don't have
Trading Strategy: Trading Notes: Another wild day in the books for the stock market as the Nasdaq and S&P 500 gave up all of their gains to finish the day in negative territory, while the Russell 2000 only managed to hold on to a fraction of the gains it saw in the beginning of the
Trading Strategy: Long: ProShares Short Russell 2000 (RWM) *Sent intraday Monday* Ideal Entry: 22.92 Stop-loss Option: 21.66 Target: 25.50 Risk Rating: 4.0 RWM Trade Setup based off of IWM Chart. Trading Activity: Setups Triggered: RWM Setups Waiting to Trigger: None Active Trades: SDS (2/3), PSQ (2/3), RWM Trades/Setups Removed/Closed: PSQ (1/3) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies &
Trading Strategy: Trading Notes:Â $IWM is breaking down through a bear flag pattern. I really like this particular trade setup. However, down four straight days, there's a strong chance I can get in this at a better price from a reward/risk standpoint, should we see a relief bounce in it. For that trade I am looking
Trading Strategy: Trading Notes:Â There is still an absurd amount of back and forth in this market, as neither the bulls nor bears seem capable of grabbing hold of the reigns of this market. From a technical standpoint there are arguments that both the bulls and bears can make about future market direction and today's price
Trading Strategy: Â Trading Notes:Â A very volatile session yesterday, following the Fed minutes that were released, showing that the bulls still wanted to buy the dip but lacked the fire power to sustain the move into the close, which is why you had multiple intraday reversals of such huge magnitude. I'm not looking to add
Trading Strategy: Long: ProShares Short QQQ (PSQ) *See Notes Below* Ideal Entry:Â 11.69 Stop-loss Option:Â 11.25 Target:Â 12.89 Risk Rating:Â 3.5 PSQ:Â If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs
Trading Strategy: Long: ProShares UltraShort S&P500 (SDS) *Sent intraday Monday* Ideal Entry: 36.96 Stop-loss Option: 35.48 Target: 0 Risk Rating: 4.1 SDS Trade Setup based off of SPY Chart.  Trading Activity: Setups Triggered: SDS Setups Waiting to Trigger: None Active Trades: SDS Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas: These are not official trades
Trading Strategy: Long: ProShares UltraShort QQQ (QID) *See instructions below* Ideal Entry: 17.50 Stop-loss Option: 16.54 Target: 19.50 Risk Rating: 4.1 QID Trade Setup based off of QQQ Chart. QID: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first