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Today’s Stock Market Review and Game Plan
On Friday I talked about how strange this market has been, especially for swing traders. In that vein, today did not disappoint. We were expecting either a continuation of the pullback or a light bounce. Instead, to the surprise of most, we got a strong bounce. For the first time…
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Stock Chart of the Day: ZU
Trade Report focus list stock ZU broke out of a post moving average remount breakout range on strong volume. This stock has been showing signs of accumulation even before remounting the moving average. This underlying volume support should help propel the stock to recent highs around $42. I will look…
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Stock Chart of the Day: BITA
Today’s stock chart is BITA, which is pulling back to the 50 dma after reaching new highs in August. The 50 day moving average could provide a decent bounce as the stock nears oversold levels, though the strength of negative volume is a concern. If you would like to…
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How to Create New Habits to Become a Better Trader
When I want to create a new habit, I take a 30 day challenge in order to ingrain the new action into my daily routine. I pick an action and set a time and place to repeat that action every day for 30 straight days. I call this the 30 day…
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How to find stocks to short in under 2 minutes
I have a gift for all you busy stock traders that want to quickly find high quality short setups. In this short and sweet 2 minute video, I show you how to scan for short setups using the free website finviz. It will literally take you no more than 2…
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How To Trade SPY After Today’s Breakdown
In this short five minute video, I analyze what a swing trader must know in order to trade SPY and the stock market in the coming days and weeks. I also go over a few of my trades and stocks on the focus list. https://apis.google.com/js/plusone.js
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How to Analyze a Stock After it Breaks Down on Earnings
Even the best stocks to swing trade have bad reactions to earnings. Gap downs post-earnings are often profitable trading setups. In this short 6 minute video I analyze BWLD, Buffalo Wild Wings, post earnings. You will understand exactly what I look for when a stock breaks down. https://apis.google.com/js/plusone.js If you…
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This is How I Prepare My Swing Trading Plan for the Week
Spending quiet time outside of the market, uninfluenced by emotion and biases is required for most successful traders. To get ready for the coming week, I spend my weekend analyzing sectors, basic scans (like the 4 percent breakouts), proprietary scans (like bottoming formations with a few unique variables added) and…
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Are You Being Lazy Building Your Swing Trade Watchlist?
Building your swing trading watchlist can be a lot of fun, especially in the beginning of it’s creation when ou find tons of new stocks. However, after a while it can become a grind. You start skimping on your scans and head over to twitter and see what the twiiterati…
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What is Your Best Trade of the First Half of 2014?
With 6 months in the books, I would like to know what your best trade was during this amazing first half of the year. Tell me the stock, your stats, why you entered and exited the trade. You can leave it in the comments or email me. The best explanation…
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The Minimalist Swing Trading Setup
I often get asked about my setup for swing trading. I wish I had an extravagant answer. I love looking at pictures of trader setups that show 6 stacked monitors feeding every bit of data a person could ever want, but I follow a minimalist approach to trading. My stock…
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How To Fight Your Survival Instinct To Become A Profitable Trader
Thousands of years ago, we didn’t have the luxury of walking into a grocery store and easily fulfilling our base needs. We lived in the state of nature, fighting off the elements and other predators, and could not pass up on something that was right in front of us in…
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The One True Golden Rule of Stock Trading: Smart Risk Management
I became a successful stock trader once I focused on managing risk instead of a stock picking. Risk management is the golden rule of stock trading. As George Soros said, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much…
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Revisiting A Setup That You Must Know: The Gap Fill
Receive a free 7 day trial to my nightly Trade Report, perfect for swing and part-time traders Back in late May I analyzed PETM to demonstrate the development of a possible breakdown-pullback to gap fill setup. This setup can take time to develop, but can be quite profitable when it does. …
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10 Keys to Success For Part-Time Stock Trading
Before I became a full-time trader, I traded part time around a demanding job, family obligations and social life. Here are the most important tips that I used to successfully trade part-time around a job. These tips worked so well that I now trade full-time.1. Keep it simple Technical swing trading is…
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You Must Short SPY When This Indicator Tells You It’s Time
Receive a free 7 day trial to my nightly Trade Report, perfect for swing and part-time traders This chart is as clear as day. When Telechart’s T2120 (which measures the ratio of 26 week new highs to new lows) hits 95, it is time to short SPY. We are at…
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Trade Update: Taking Profits in CODE
A free 7 day trial to my nightly Trade Report, perfect for swing and part-time traders I took partial profits in CODE today and have moved stop to entry level. An alert went out for this entry in the Trade Report. A free 7 day trial to my nightly Trade…
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A 17 Percent Gain From Trade Report Stock GDP . . .and Counting
A free 7 day trial to my nightly Trade Report, perfect for swing and part-time traders On May 15 I posted my entry setup for GDP in the Trade Report: GDP bounced exactly off the support line we talked about yesterday. If looking to enter, a slight bounce still provides…
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My 10 Most Profitable Swing Trade Setups
Sign up for a free 7 day trial of my nightly Trade ReportHere are ten setups that have made me the most money. Those that follow me in the blog or Trade Reports will be very familiar with these setups. 1. Break-out pullback to gap fill 2. Rubber band short…
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35 Important Trading Tips To Make You A Better Trader
Sign up for a free 7 day trial of my nightly Trade Report I have compiled a list of tips that turned me into an above average trader. Feel free to add to this list in the comments section. 1. Enter strong stocks when stochastics are oversold. 2. Make sure…