Trading Strategy: Trading Notes: I really wanted to add new trades to the portfolio, but $SPY simply couldn't push through declining resistance which has previously been where dead cat bounces (March & August) have gone to die. As a result, I trimmed my positions across the board positions and won't hesitate to do so again if $SPY continues to
Trading Strategy: Long: Nvidia (NVDA) *Sent Intraday Wednesday* Ideal Entry:Â 161.80 Stop-loss Option:Â 155.18 Target:Â 177.20 Risk Rating:Â 3.9 Â Trading Activity: Setups Triggered: NVDA Setups Waiting to Trigger:Â None Active Trades: PFE, QQQ, NVDA Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas:Â These are not official trades that I take, instead they are opportunities and
Trading Strategy: Trading Notes: The Russell 2000 ETF $IWM has traded higher in four of the last five trading sessions, yet it has actually traded lower during that period. On the other hand you have $SPY and $QQQ that have both traded lower in each of the last three trading sessions. If you wonder why I haven't made any trades, its
Trading Strategy: Trading Notes: Monday saw me close out two of my profitable trades as the market continues to struggle for direction. Following yesterday's sell-off, the market is looking more and more precarious. That doesn't mean I'm writing off there being any chance at a new long position the rest of the week, but the
Trading Strategy: Trading Notes: Back from the Thanksgiving Holiday, and I expect to see trading activity and market volume pick up this week, as we have now a full week of trading ahead of us. I am willing to add to my long exposure, but I will need to see more out of the market
Trading Strategy: Trading Notes: I'll be taking today off as I usually do during Thanksgiving Week. Also a reminder that the market is only opened until 1pm eastern today. I will be continuing to monitor my trades and taking any necessary actions. Trading Activity: Setups Triggered: None Setups Waiting to Trigger: None Active Trades: AAPL (2/3),
Trading Strategy: Long: Pfizer (PFE) *Sent intraday Tuesday* Ideal Entry:Â 48.90 Stop-loss Option:Â 47.51 Target:Â 55.00 Risk Rating:Â 3.3 Long: Nasdaq 100 ETF (QQQ) *Sent intraday Tuesday* Ideal Entry:Â 284.61 Stop-loss Option:Â 273.83 Target:Â 330.00 Risk Rating:Â 3.7 Trading Activity: Setups Triggered: PFE, QQQ Setups Waiting to Trigger:Â None Active Trades: AAPL (2/3), DNUT (2/3), PFE, QQQ Trades/Setups Removed/Closed: QLD (NT=Never Triggered, 1/2=Half position,
Trading Strategy: Trading Notes:Â Barring a major news event, I expect the volume to remain weak the rest of this week due to the Thanksgiving Holiday. Remember, the stock market is closed on Thursday and only open until 1pm on Friday. With three open positions in the portfolio right now, I am going to need to
Trading Strategy: Long: ProShares Ultra QQQ (QLD) *Sent intraday Friday* Ideal Entry:Â 40.29 Stop-loss Option:Â 39.38 Target:Â 46.20 Risk Rating:Â 4.4 QLD Trade Setup based off of the QQQ Chart Trading Activity: Setups Triggered: QLD Setups Waiting to Trigger:Â None Active Trades: AAPL (2/3), DNUT (2/3), QLD (2nd trade) Trades/Setups Removed/Closed: WMB, QLD (1st trade), DNUT (1/3) (NT=Never Triggered, 1/2=Half
Trading Strategy: Trading Notes:Â The market is looking to rebound this morning, but there's also oil selling off resoundingly hard. That'll impact the $WMB trade, and likely take me out of it. I'm open to adding more long exposure today, but will wait 30 minutes to an hour to see how the morning plays out before