Red day today. Were you prepared? Did you flounder? Did you excel with the increased volatility? Only you know the answer to this. My point is that if you want to be the best investor or trader you can be you must be prepared for any and all outcomes. Mark Douglas, the renowned expert trading mentality stated “Anything can happen” and that is exactly what did happen today. We had semiconductors rally and pot stocks collapse. We had a red day and the markets were not even off 1% across the board but certain stocks were down 30% even 50% in some cases. How are you prepared for a 3% correction day. Its possible. All the major Indexes are at the top of their channel and they are ALL not breaking out. We could easily come in to the 21 day moving averages across the board.You need to plan and prepare for anything. That is what separates the traders that our left standing during corrections and the ones that say I used to trade but…..” Decide which one you want to be.Everyone has setbacks. Everyone loses money. What you do next about it defines you.
The first purpose of this newsletter is to educate and inform about what it take to be a consistent, profitable investor or trader. We do that through pointing out the indexes and possible trade ideas but the knowledge being shared is what you need to take and make your own. Secondly, We issue buy alerts and show trades that you should consider and can do well with. I can not not stress this enough. Keep your eye on the first goal of this newsletter. That is where the gold is. The ability to find your own ideas and execute with consistency and profitability.
All the indexes are trading in tandem with the $QQQ leading still and the $IWM acting the worst. Bottom line the bull market is intact but there may be corrections and pullback along the way. This is healthy. You will note times such as these because your accuracy drops on new trade ideas. We have been talking about this the past week. Until this resolves itself I remain bullish yet cautious. Please note the new stops on the stocks. Several were adjusted upward.
There is one new buy alert at the end 🚀🚀. The emoji will make sense later.
Finally, the market does nothing to us. It does not know you exist. It simply ebbs and flows and its up to us to ride the wave and sometimes swim across it but never against it.
Lets do this !
Lets look at our Indexes!
Lets Look at our stocks!
BP= Buy Price Stop = Risk/Stop Loss Target=Return/Reward
NEW BUY ALERT: READ IN FULL
Subscribe to You Tube! 👈Subscribe and turn on notifications.There are actionable
ideas in the videos. The Top ideas for the next week video played out well and there are actionable ideas in there still. Also today’s video covered $TLRY $ZM the indexes and where Institutional money is going.
As always all investment decisions need to be made by the individual.We all have different risk profiles.No two people trade the same.Understand the buy points,stop losses,trims are suggestions.You need to develop your own process. I am willing to help. If you have questions message me. For example for stop losses I like to see the close.That does not mean that fits everyone’s risk profile.
Please make sure you Subscribe to Twitter! 👈and turn on notifications.There are times my updates are timely in regard to the Newsletter.
*For example: I called $TLRY trimming levels repeatedly.
If you do not see a position and have questions please message me.
Thank you again for all the messages telling me how this Newsletter improved your performance and made you a better trader!
Massive Success Train continues
Now you can share the Newsletter!
👇👇👇
Subscribe below!
👇👇👇
Great insight here thanks! Are your BP from previous calls or are they still applicable? For example NIO buy in $48 but that was a while since we seen it. Just recently subscribed. Thanks!