Hey Market Pilots, Last week was challenging. Mostly because there were events which threw confusion and unpredictable movements into the market. Earnings season is always chaotic as investors wait for news which will guide them until the next report and beyond, which during COVID-19, is a big question mark. On top of that, we had … Read more
Hey Market Pilots, Thank you to those of you who could make it to my webinar last night! It was a great turn out.I not only showcased how I made $100K in one day on my favorite Trampoline setup, I also showed that a mattress company, Sleep Number (SNBR), has easily moved well over 100% … Read more
Hey Market Pilots, I think most of us are geared and trained to trade to the long side. Meaning our eyes are most attuned to seeing bottoming and reversal patterns. We may be great at getting out at the top of a move, but perhaps we lack the ability to short when the time comes. … Read more
Hey Market Pilots, This Market has been amazing when moving up, and disastrous when pulling back. Great positions and tickers will suddenly implode on you and go negative in your account if you aren’t proactive about profits and exits. Just ask me how I know. But there are a few key metrics that I have … Read more
Hey Market Pilots, This write up is about how you may have to strike more than once to get the right entry and then how it became one of the my most picture perfect setups of July. Back on June 22nd, SPCE broke news of them getting some contract from NASA and its volume went … Read more
Hey Market Pilots, This week began quite nicely with the market opening with a gap up on Monday the 13th. However, that elation and satisfaction was short-lived and brutally squashed by a massive liquidation break in the middle of the day. Few were spared but tech got hit the hardest. Let me show you a … Read more
Hey Market Pilots, On June 30th I wrote a piece about the SPY coming into the Daily 50 SMA and how we know when the bounce would be confirmed. I described how price can sometimes bounce exactly off a moving average or push a little past it before moving up. For my style of trading, … Read more
Hey Market Pilots, New traders often ask me how much money do they need to have to be able to trade. My first answer is “none” because I suggest they paper trade before using real money. If for no other reason than to learn how to use the platform and avoid pushing the wrong button. … Read more
Hey Market Pilots, Last week we had an exact double bottom bounce, which also coincided with a bounce off the Daily 50 SMA. This made for a very strong 4-day run into the 4th of July holiday, giving us traders fireworks of our own. The setup was also boosted by good economic numbers that came … Read more
Hey Market Pilots, Happy (almost) 4th of July! This holiday is all about America’s independence as its own country, making decisions for the promise of a better future. Sound familiar? It should. Most traders around the globe are attracted to the markets for the same reason: independence. More to the point, we want to be … Read more