All posts by Sami Abusaad
Trading Psychology Tip – Do What IS NOT Comfortable
Sami Abusaad explains why in trading, you can’t always do what’s comfortable. When you feel very strongly about something, you should often do the opposite. Sami learned this from the Marty Schultz book “Pitbull” — specifically when Marty says you should double a position.
Continue Reading -->Why Sami Abusaad Stuck with Nvidia
In this video, Sami Abusaad discusses why he stuck with Nvidia (NVDA) in the Strategic Swing Trader newsletter. Sami also goes over: Why he’s been wildly bullish on Robinhood (HOOD) What he thinks of Dell (DELL) into earnings Why China might be a buy Why he uses the 20 day moving average When Sami uses volume in his trading And more!
Continue Reading -->Sami Abusaad Gaps Webinar Replay
Watch the webinar replay, then go here to access your limited-time special offer. Get your offer right here.
Continue Reading -->Swing Trading 101: How Sami Lost $65,000 Before He Hit It Big
Before I got into the stock market, I was a CPA. After 8 years of continuing education, I decided I’m not doing that anymore. So, I gave up my CPA license. But I had saved up $20,000 while I was going to college, and didn’t know what to do with it. I read about how Warren Buffett, the second richest man in the world, made all of his money from investing. So I was fascinated. And then I read about a 21-year old kid from New York, who made $1 million dollars the year before. I thought “I’m going to blow them out of the water.” That’s how competitive I was. Not arrogant, just competitive. So I opened an account with $16,000, and in 6 months, I made $10,000. 6 months after that, I had $50,000 We’re not talking big money here but I was amazed that I went from $16,000 to $50,000 in a year. My PhD brother said “if you can make that kind of money by buying and holding, imagine what you could do playing these active stocks. He was referring to the stocks on the new highs list. That’s when I got into day trading. And then in a few short months, I lost everything, and $15,000 more. So I lost $65,000 off the top. That when I realized I didn’t know as much as I thought I did. And I started to look for professional trading education. After that I participated in a trading challenge from Zacks.com. The winner of that challenge received $100,000 at the end of the year. I did rather poorly. But I did something achieved something than winning the challenge. I met the guy who who. He turned $100,000 into $2 million within a year. He wrote a blog post about his dad passing away. So I just sent him a heartfelt message expressing my condolences. And then we got to talking and then he told me that he had been a professional trader for 15 years. He learned from a system called Trading the Pristine ® method. He told me to check it out, so I did.The rest is history. I became a member of the community, and then I was invited to teach. I didn’t want to be a teacher. I just wanted to trade. But my house was being remodeled, and I thought I’d try it for 6 months during the construction. Before I knew it, I was a full-time trader and educator. Eventually, I was named Director of Education of T3 Live. Now let’s talk some actual trading. Throughout the course of my trading career, I realized that not everything works the same in all conditions. Some strategies are only suited for certain environments. So I’ve accumulated a number of strategies over the years that deploy based on market conditions. Today I’m going to talk about swing trading, which is my wealth-building tool. Day trading is for income. Institutional money can’t get in and out of the positions in a day or two. They’re trading millions upon millions of shares. So they’d like to hold for a long time. And they can push stocks up or down by quite a lot. So swing trading gives you the opportunity to take advantage of the institutions’ buying power. Scroll up and watch the video to learn more about Sami’s swing trading strategy.
Continue Reading -->Sami’s Swing Trade Game Plan This Week
Get Sami Abusaad’s swing trade game plan for this week: Find out: Sami’s key levels in SPY, QQQ, and IWM Why ACAD, ETSY, SQQQ, and YANG are on his bullish radar Why AIT, BILL, DB, and RIO could drop
Continue Reading -->Are We Due For A Pullback?
Sami explains why he’s still bullish but explains the setup he sees for a possible market pullback. The buy setup he sees in Bitcoin Why ARKK appears to have bottomed The penny stock he really likes this week The 123 short setups he sees in DXC The hourly based breakdown in HAYW
Continue Reading -->Market Bias Turns Bullish
Sami explains how the market bias has turned bullish and what he is looking for to be all out bullish himself: His long strategy after the market bottom The 123 setup in CCI Why GSAT is primed for a breakout Why he likes real estate stocks like ABR short The 123 bearish continuation play in CINF and CYH
Continue Reading -->Bearish Momentum Subsides
Sami explains the signs he is seeing for an uptrend in the market: The bullish signals he sees in QQQ and SPY Why he’s waiting to play CVBF The bullish 123 setup in KLTR Why the sell setup in HASI looks pretty The extreme weakness he sees in T
Continue Reading -->Is the Market Breaking the Downtrend?
Sami explains what shows the market may be breaking the downtrend: What needs to happen for the downtrend to end Where BCAB is poised for a breakout Where to set the target on a long swing The buy setup he sees in IBM Why he sees IMTE crashing further
Continue Reading -->Should We Trust the Monday Rally?
Sami explains why he is skeptical about Monday’s rally: Why he was surprised by the market’s rally Where Sami sees most of the overhead supply Why Monday’s gap could be a novice gap Why Sami wants to take profits on swing longs The big problem Sami sees with new swing longs
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