All posts by Sami Abusaad
TSLA GOOG: Tesla & Google Trading Plan
Earnings season has brought some surprises and plenty of volatility. Two of the biggest names, TSLA and GOOG, have had major moves that traders could take advantage of. In this video, Sami explains: – Why he had to get out of his TSLA trade – What kind of entry he’ll look for today – How to find a novice gap in BYND – Why he’s not comfortable trading TSLA – Which patterns he looks for in GOOG
Continue Reading -->The Real Reason the Market is Selling Off #Coronavirus
News of coronavirus spreading around the world has dominated the media, and a lot of people blamed Friday’s big sell-off on the health scare. But Sami Abusaad believes there’s actually another reason why the market is selling off. In this video, Sami explains: – Why supply and demand dictates market movement – What happens when the market is ready to pull back – Why bearish news is good in a bullish market – When the news doesn’t matter for the market – How the media can harm a trader’s success
Continue Reading -->Actionable Swing Trade Ideas for Feb 3 – 7 | BTC & Market Update
The market took a major hit on Friday with news of the coronavirus spreading, and a lot of stocks closed at their lowest in months. Find out what to expect this week after such a big drop. In this video, Sami explains: – Why his prediction for last Monday was correct – What happens after a wide-range red bar – How he plays a 1-2-3 pattern – Where he thinks the market is heading – What pattern can be found in Bitcoin
Continue Reading -->Lessons from My Trading Journey | James Young | Strategic Day Trader
The stock market is often daunting for a beginner trader, but Strategic Day Trader subscriber James Young became a SDT room moderator within only 5 months of day trading. Learn how he was able to improve his trading skills and what advice he has for new traders In this video, James explains: – What his work experience was before starting to trade – Why he decided to join Strategic Day Trader – How Sami’s mentorship program changed his trading skills – Why being a room moderator is important to him – What his four keys to day trading are
Continue Reading -->Actionable Swing Trade Ideas for Jan 27-31 | Market Update (Important)
For the first time in a couple of months, the QQQ daily chart has a wide range red bar, although the SPY is not quite as extended. The rest of this week holds some major earnings reports and possible effects from news headlines. In this video, Sami explains: – Why he thinks the QQQ hourly 20 ma is interesting – What he is hopeful for in the coming week – Why it’d be better for the market to drop a little bit – What he looks for when looking for targets – Why this is a difficult time for swing trading
Continue Reading -->10 Killer Tips Beginning Traders Need to Know
I’m Sami Abusaad, professional trader and Director of Education at T3 Live. I’ve been trading for more than a decade and have gained plenty of experience, but in this article, I’m going to share with you the top ten things I wish somebody would have told me when I was a new trader. 1. Don’t Wing it: Do it Right or Not at All If you think about it, trading is the only business in the world where the rank amateur has a 50/50 chance of making it. You can’t just wing it and be a doctor, a lawyer, a plumber, or anything else. What are the chances that you could perform a piano recital well if you’d never played piano? There’s zero chance of that happening. It’s the same in every other profession… well, except trading. There are only two types of trades you can make. You can buy or sell, long or short. Sometimes beginner traders wing it and get lucky, then think that they’re doing everything right. In 2005, while still working full time as an auditor at KPMG, I turned sixteen thousand dollars into fifty thousand in less than a year, which made me think – falsely – that I knew what I was doing. But without a methodology with an edge, do you really expect to take money away from the professionals who’ve been doing it all their life; have virtually unlimited resources; incredibly sophisticated technologies, algos, and HFTs; and who live, breathe, and eat trading? Do you expect to go in there and take money away from them – just like that – and then continue to do that on a consistent basis? That’s not going to happen. So, again, the lesson here is that you can’t have a shoot-from-the-hip approach and expect to win in the long run. You have to trade a methodology that has an edge, and you have to be able to do so on a consistent basis! 2. Study Your Own Psychology Understand that our brains are not naturally built for trading. We are actually biologically wired to lose. In Reminiscences of a Stock Operator, Jesse Livermore says most traders lose money because they take small profits when they are right and big losses when they are wrong. He says, “I sometimes think that speculation must be an unnatural sort of business, because I find that the average speculator has arrayed against him his own nature… The weaknesses that all men are prone to are fatal to success in speculation. “The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation, when the market goes against you, you hope that every day will be the last day — and you lose more than you should had you not listened to hope — the same ally that is so potent a success-bringer to empire builders and pioneers, big and little. “And when the market goes your way, you become fearful that the next day will take away your profit, and you get out too soon. “Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping, he must fear; instead of fearing, he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit. It is absolutely wrong to gamble in stocks the way the average man does.” So, what is he really talking about here? He’s saying when the market goes our way, we usually become fearful that we might give back our profit and we get out too soon. And the opposite happens when a stock goes against us: hope kicks in and keeps us in losing trades longer than we should be, which wouldn’t have happened had we not listened to hope. Pay attention to how hope and fear influence your decisions. Don’t let the fear of giving back profits get you out too soon. And, similarly, don’t let hope keep you in losing trades longer than you should. There is a saying that sums it up quite nicely: traders eat like birds, and crap – pardon my French – like elephants. They make small money when they are right and lose big money when they are wrong… and all of that is due to hope and fear. 3. Your Attachment To Money Is The Main Cause Of Your Failure “When an archer shoots for nothing, he has all his skill. If he shoots for a brass buckle, he is already nervous. If he shoots for a prize of gold, he goes blind. He is out of his mind! He sees two targets. His skill has not changed. But the prize divides him. He cares. He thinks more of winning than of shooting and the need to win drains him of power.” That quote was written some twenty five hundred years ago by a Chinese sage named Tranx-su. When I read it I was blown away because it totally applies to trading. You see, the paradox is that traders do all the wrong things to be successful. By focusing on the money, we lose. By wanting and needing to win so badly, we lose sight of what trading is all about – it’s not about the immediate result. Trading is not a sprint, it’s like a marathon – you can’t think short term. What matters is the end. Trading is a business. Do you know of any legitimate business that tries to make all the money it can in the first week or two? I don’t; the ones that operate like that are rip-offs and scams. They make a quick buck and leave town. So again, don’t focus on the money and don’t become attached to the immediate results. If you do, you are almost guaranteed
Continue Reading -->How to Use the 20 MA | Best 20 MA Strategy
Many traders rely on moving averages to identify price trends and to know when they should buy or sell. The 20 period moving average is the most popular ma, and T3 Live’s Director of Education, Sami Abusaad, believes it is the best. In this video, Sami explains: – What a pullback to the 20 ma signals – The ideal moving average slope – What happens if a stock enters a sideways trend – How to use a Halt Play
Continue Reading -->Professional vs Novice Gaps | How to Tell Every Time
This video series is designed to give you a comprehensive start to finish understanding of technical analysis. It’s suitable for the wide array of short and long term traders, covering those who follow the market the entire day or traders that can only dedicate as little as 30 minutes per day. In this video, Sami explains: – Which direction you should play a gap – Which time frame to use to analyze gaps – Why “bigger is better” for novice gaps – How moving averages apply to analyzing gaps – Why price matters when playing stocks
Continue Reading -->How to Use Gaps in Swing Trading
You’re about to learn one of Sami’s favorite swing trading patterns of all time: In this video, Sami shares with you: The only 2 types of gaps in existence The difference between Pro/Igniting and Novice/Exhaustion gaps Specific chart examples so you can understand them Where Sami gets in to these types of trades, on both the long and short sides What to watch for on big gaps down
Continue Reading -->How to Use TC2000 to Scan for Swing and Long Term Trades
This video series is designed to give you a comprehensive start to finish understanding of technical analysis. It’s suitable for the wide array of short and long term traders, covering those who follow the market the entire day or traders that can only dedicate as little as 30 minutes per day. In this video, Sami explains: – Which is the only possible move to make in the stock market – How to find the best opportunities in a chart – How he scans 3 charts in a second – What to scan for when the market tops – Which two criteria he uses to scan charts
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