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Chart of the day: ULTA and the post breakout trading range
One of my favorite trades is playing the post earnings breakout range that develops within stocks that have had a strong earnings catalyst the previous two weeks to 2 months.Subscribe to The Market Speculator by EmailUlta is a good example and has formed a $148 to $155 range. Buy the bottom, sell…
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Ugly Chart of the day: BABA
Baba was the talk of the Street when it IPO’d last fall and quickly zoomed up from $80 to $120 in a matter of weeks. However, after forming a classic short formation back in November, it has given back all it’s gains and now sits 5 points below where it opened.Subscribe…
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Swing Trading Smart Tips: Set It and Forget It
Tick. Tick. Tick. That stock is driving you bat shit crazy! Your co-workers gawk as you sweat and continually look up at your screen. You can’t hide the fact that you are stressed-the-you-know-what-out. Why are you stressed? It’s because that stock you entered moved 20 cents below your entry and…
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Chart of the day is EA: Keep it simple stupid!
Sometimes swing trading is easier than we make it. In the trading game it literally pays to keep it simple. Our stock of the day, EA is a great example of the KISS method. When do you buy EA? That’s easy. When it pulls back to the 50 dma or…
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Chart of the day: DIG
Today’s swing trade stock chart of the day is DIG. Energy is showing positive money flow and the sector has broke out over the 50 day moving average. Here we can place a stop under the moving average with a target at the recent February pivot high at $57. Subscribe…
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Chart of the day: HD
Today’s swing trade stock chart of the day is HD (Home Depot). In the Trade Report we have been watching residential real estate stocks for a few weeks now and of course, building material and home improvement stocks move in line with real estate. Subscribe to The Market Speculator by…
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21 profitable stock trading setups and the optimal conditions to trade them
Most full-time traders have a basket of “goto” setups that they trade repeatedly. Some do so mindlessly, irrespective of market conditions. You can make money this way, but you will not become wealthy. The best traders optimize their trading by deploying the right setup for the right market. For instance,…
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Trading is a decision making game: Simplify the process!
There is no auto-pilot for the successful trader because trading is the ultimate decision making game. As with most professions that rely heavily on cognitive abilities and mental clarity, we must do everything we can as traders to simplify the process of trading. Overly complex trading systems do not meaningfully…
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Cash as a position and why the best thieves never get caught
The best thieves never get caught. Let’s talk about how they do it . . . yeah, I know what you are thinking: WTF does this have to do with trading? Bear with me. The best thieves make it easy for themselves. If they come across a house with a…
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Chart of the Day: Biotechnology
The Biotechnology ETF IBB had gone parabolic and sold off on Friday and continued with a hard pullback to the 50 day moving average. Yesterday we went long at the close. Why did we go long on a stock that sold off so hard? A few days ago we talked…
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Chart of the day: CYBR
Today’s swing trade stock chart of the day is CYBR. Cyber security stocks have been on fire since early February. When stocks go parabolic like CYBR, it is often tough to find a good entry level. Now the stock has pulled back to the 50 day moving average giving us…
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Example of a Winning Trade and Smart Risk Management: SHAK
We have been talking a lot about risk management and how it relates to being a successful trader. In fact, three of the first five trading quotes in the 100 trading quotes series related to risk management. This should clue you in on how important I believe risk management is…
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Chart of the day: MNST
MNST broke out on heavy volume a few weeks ago and has been forming a nice post breakout base ever since. This consolidation sets it up for a leg higher and a “trading the post breakout range” setup. Look to enter either 1) on pullback to bottom of the range…
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100 Trading Quotes To Put Into Action And Change Your Life: Will Smith On The Past, Present and Future
In a perfect world you as a swing trader would never look in the rear view mirror, would always be in the now and have a crystal ball that pointed you in the right direction. If it were only that easy. In reality, many of us can’t let the past…
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100 Trading Quotes To Put Into Action And Change Your Life: Michael Jordan on Limits and Trading Scared
I forbid any trader I am working with to set this type of trading goal: “I plan to make xxx dollars per month.” This is a common goal that almost every trader has made at one time or another in their trading careers. So why should you avoid this goal…
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100 Trading Quotes To Put Into Action And Change Your Life: Machiavelli On Risk Management
The greatest boxer of our time can’t punch worth a lick. So why is Floyd Mayweather one of the greatest boxers of all time? It is because he is a defensive prodigy. He protects himself. The man is a risk management wizard. Even the most aggressive leaders understand that you…
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100 Trading Quotes To Put Into Action And Change Your Life: Bruce Lee On Creating Opportunity
Bruce Lee Statue Hong Kong “This is not a trader’s market!” If you have spent anytime listening to media pundits or traders on social media, you will often find them bashing the market. They complain about choppy markets, trending markets, overbought markets, oversold markets, stop gunning, unpredictability . . .…
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100 Trading Quotes To Put Into Action And Change Your Life: Caution Is A Risk
The first quote in the “100 trading quotes to put into action and change your life series” speaks to a specific trader type. When thinking about risk, we often think of the trader who is impulsive, trigger happy and position sizes much too aggressively. However, there is another type of…
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100 Trading Quotes To Put Into Action And Change Your Life: The Series Begins
Everybody loves stock trading quotes. However, for most they are huge time wasters. Why would someone like me, who posts a quote on Twitter almost every day, say something like that? It is because most of us read them, think about the meaning for a few seconds, nod and maybe…
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How to overcome the fear of entering market pullbacks
Salvador Dali Have no fear of perfection, you will never reach it – Salvador Dali As swing traders we all know that a market pullback is our friend. If we go back and look at any market index chart, we will see that the best time to enter the market…
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Psychological warfare for traders the Arnold Schwarzenegger way
Yesterday I listened to a fascinating Tim Ferris’s interview with Arnold Schwarzenegger. Ferris was able to bring out the best in Arnold, who went deep into the psychological aspects of competition and basically everything he has achieved in his life. From escaping poverty in Austria, becoming the greatest bodybuilder of…
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Paul J Singh 