Trading Strategy: Trading Notes:Â The market is very much leaning towards a bounce here. My only beef with that (and it doesn't matter really because the market does what it wants) is we didn't break the February lows - instead $SPY bounced off of the March lows, keeping us from having lower-lows. No trade setup this
Trading Strategy: Trading Notes:Â I'm not looking to get anymore short here at this stage of the sell-off. Instead, today will be about managing the current positions that I already have. While the Russell 2000 and Nasdaq have both broken below their lows from February, SPX still has not. I'll be quite interested in seeing what
Trading Strategy: Long: ProShares Short S&P 500 ETF (SH) *See Notes Below* Ideal Entry: 14.93 Stop-loss Option: 14.10 Target: 16.60 Risk Rating: 3.8 SH trade setup based on the SPY chart. SH: 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
Trading Strategy: Trading Notes: Equites look to continue on the path lower to start the week. SPY is reigniting that head and shoulders pattern, while the Russell 2000 broke out of a well developed bear flag pattern. I'm comfortable at this point with the two positions I currently have. I'm not against adding new bearish positions
Trading Strategy: Long: ProShares Short Russell 2000 (RWM) *See Notes Below* Ideal Entry:Â 23.06 Stop-loss Option:Â 22.09 Target:Â 26.75 Risk Rating:Â 4.0 RWM: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
Trading Strategy: Long: ProShares UltraShort (QID) *Sent Intraday Wednesday* Ideal Entry:Â 19.30 Stop-loss Option:Â 18.72 Target:Â 23.00 Risk Rating:Â 4.1 QID Chart based off of the price action on the QQQ Chart Trading Activity: Setups Triggered: QID Setups Waiting to Trigger:Â None Active Trades: QID Trades/Setups Removed/Closed: NVDA (NT) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas:Â These are
Trading Strategy: Long: Nvidia (NVDA) *See Notes Below* Ideal Entry:Â 225.01 Stop-loss Option:Â 210.77 Target:Â 260 Risk Rating:Â 4.2 NVDA: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 of the
Trading Strategy: Long: ProShares Short S&P500 (SH) *Sent intraday Monday* Ideal Entry:Â 14.57 Stop-loss Option:Â 14.24 Target:Â 15.60 Risk Rating:Â 3.3 Trading Activity: Setups Triggered: SH Setups Waiting to Trigger:Â None Active Trades: SDS (2/3), PSQ (2/3), RWM, SH 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
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