All posts by Sami Abusaad
How to Write an A+ Trading Plan
Sami Abusaad went LIVE to show you how to build an effective trading plan: Learn: -What goes into building a successful trading plan -Why not having a plan will doom you to failure -2 major mistakes you must avoid as a trader -Why you should join Sami’s Mentorship Program Click here to learn about the Mentorship
Continue Reading -->Trading in a Weak Market
The most recent daily buy setup in QQQ is struggling and makes the market as a whole look weak. But there’s a threat of breaking the daily uptrend. Find out what you should do if that happens. In this video, Sami explains: – Which big names also look weak – How to find a W pattern in Bitcoin – Why he trailed out of CATB – What is so special about EBC – How FTIV reminds him of IPOF
Continue Reading -->What Sami Needs You to Do
The market is all-out bullish, with nothing to suggest it could turn bearish anytime soon. But Sami thinks that there is something coming up that could affect the market, and he has to ask you to do a favor. In this video, Sami explains: – Where he thinks AMCI is heading – What will trigger a daily buy setup in AU – Why GLD might not be ready to turn back up – When AYRO could be ready to buy – Where to find a transition A in BXRX
Continue Reading -->Moving Averages, Served Sami-Style
The 20 & 200 period moving averages are the “Granddaddy” of all moving averages. They can tell you when a gapping stock is about to get bought. They can tell you when a gapping stock is about to get sold. And they can even stop a stock dead in its tracks. In today’s lesson, find out how Sami Abusaad, T3 Live Director of Education uses the 20 and 200 period moving averages in his trading — and how you can too!
Continue Reading -->Where is Bitcoin Heading?
It’s the start of a new year and Bitcoin may have hit a short-term top, although traders can also find a nice buy setup. Find out where Sami thinks cryptocurrency is heading early in 2021. In this video, Sami explains: – What will signal the direction that QQQ will move – The only name that he is bearish on for this week – Where to find a buy setup in ABNB – Why it’s not too late to get in on AIV – Which stocks would be good long-term plays
Continue Reading -->Is the Holiday Market Bullish or Bearish?
At the beginning of this week, there has been some confusion over whether the stimulus bill would be passed and what that could mean for the market. But Sami says that he wouldn’t be too bearish this week. In this video, Sami explains: – What would cause him to become bearish in January – How to recognize a daily buy setup – Where AIV may be heading – Why he prefers monthly and weekly charts for DARE – When he would consider adding to FTIV
Continue Reading -->Breakout Failure? Not Yet…
Sami’s still bullish — but we have to be ready for a possible breakout failure: The importance of Friday’s strong close Why Friday’s low on the QQQ’s is important How to spot a breakout failure Why the trend is still up Why Sami’s looking at CLRB, EBON, LXRX, STSA, AIV, ENPH, HTOO, NERV, and NKLA, among other names
Continue Reading -->How Bearish is the Market This Week?
QQQ recently had a double bottom in the hourly chart, and another drop could signal more selling to come. Find out where Sami thinks the market is heading this week. In this video, Sami explains: – How to recognize a squeeze play in APM – Why he regrets not playing AR – Where a transition A breakout occurs in AMB – Which two SPAC stocks are breakout ideas – What he likes about NXE
Continue Reading -->How Will Lockdowns Affect the Market?
The market is looking bullish, despite reports of lockdowns in major U.S. cities. Find out how Sami expects the news to affect markets over the coming weeks. In this video, Sami explains: – Why APM looks good as a breakout – Where a daily buy setup is occurring in BLU – What CATB needs to take out – Why the SELB monthly chart looks better than the daily chart – Where retail stocks might be heading
Continue Reading -->Corsair (CRSR): How We Made 56% on the World’s #1 Gaming Stock
Forget the Sony (SNE) Playstation 5 and Microsoft (MSFT) Xbox Series X — the Corsair (CRSR) explosion is the #1 story in gaming — at least for traders.In fact, Corsair just became Strategic Swing Trader’s #2 Play in November with a 56% gain in 7 days.**We nailed a 59% gain in CYH, but it’s not as fun a story! Corsair came on my radar on November 10 when a subscriber asked me what I thought of the stock. I was not crazy about the chart, but I kept an eye on it.On November 12, Corsair put in a narrow range bar, which made me think it could be on the verge of a Daily Breakout.So on Monday, November 17, Corsair went in the Strategic Swing Trader newsletter as a Long Trade with the following parameters:Entry: $29.51 (just over Friday’s high)Stop: $27.49Target: TBDStrategy: Daily BreakoutCorsair hit the $29.51 entry price before 10 a.m. that Monday, so we were triggered long.And immediately, it powered up big time. Let’s talk about why.Corsair has a very sexy story as a pure play on the booming PC gaming and streaming market. Corsair a well-known gaming brand, but very few traders even knew it was publicly traded. The September IPO didn’t get much attention, but that was a positive — the chart got us in before the stock was on Wall Street’s radar.Also important to note: Corsair has a tiny float of 17.7 million shares, so even a small amount of buying could blast it into orbit. I would guess the Robinhooders of the world were bidding the stock up like mad.After the initial pop, we had two surprise news events — which is not uncommon when you nail the chart setup.On Tuesday, November 17, Corsair CEO Andy Paul appeared on Jim Cramer’s Mad Money on CNBC. Corsair was already acting like a classic momentum fad stock, and Jim Cramer gave it a much bigger spotlight.The stock just kept running and running higher. And then on Sunday, November 22, The Motley Fool came out bullish on Corsair, saying “the best is yet to come.”Corsair rallied hard again on Monday after the Motley Fool story hit, reaching a fresh high of $43.89!We took profit on the first half at $44.60 for a 51% profit.Then, we exited the second half Wednesday at $47.60 for a 61% gain. 51% and 61% averages out to 56%Now, why did we get out? Simple — the stock was going climactic. The daily bars were growing so big that I was afraid of a flat out crash once momentum slowed. I did not want to risk giving back a 50%+ gain.And over the next 2 days, Corsair did in fact crash 25% off the highs in 2 days, as you can see in this chart:Let’s recap the 3 lessons you can learn from our #2 trade in November: 1) Do Not Trust a Hot Story Without a Technical Confirmation Corsair’s story was picture perfect — a hot PC gaming and streaming brand that 99% of traders never heard of. But the chart needed to set up before we bought. 2) When You Nail the Setup, the News Tends to Go Your WayNo one could have predicted we’d get assists from Jim Cramer and the Motley Fool. But when you get the setup right, the news tends to go your way. 3) Sometimes You Can’t Put a Hard Target on a StockIt would have been hard to predict Corsair going from $29.51 to $45.69 in a week, but it was a hot story stock that’s exploding on social media. Names like this can run faster than you think.Finally, I’ll issue 2 words of warning:If you are day trading Corsair, be very careful because even up here at $44+, it has a pretty wide spread and you can get chopped up easily.Thanksgiving week is always a tricky time for the market, and with low overall volumes, stocks like CRSR can really take you for a ride (up or down).Take care! And if you want my next big swing idea, give Strategic Swing Trader a try! Click Here to Learn About SST Or you can check out our Black Friday deals.
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