Category Archives for Sami Abusaad
How to Scan Stocks for Actionable Patterns Part 1
Ryan Tonking | Black Room LessonsI often get asked how to find stock patterns. With over 1000 stocks in my day trading universe of possible patterns, it’s impossible to catch every pattern as a discretionary trader, but missing out on a bunch of nice patterns doesn’t work either. Having a scanning routine at certain times of the day helps me narrow down my universe list to a basket of stocks that will most likely give me a pattern. This is more manageable to work with and frees me up to focus on the best stuff of the day. This will be a 4-part series that covers gaps, relative strength/relative weakness, 15min patterns, and more!(Click for Part 2 of the series)
Continue Reading -->Sami’s Swing Trade Monitor: September 10 – 14
Sami Abusaad | Swing TradingSami Abusaad discusses the swing trades he’s targeting for this week.
Continue Reading -->What I’m Really Risking on a Bad Trade
Ryan Tonking | Black Room LessonsBeing that I am a discretionary trader, I have to make a choice on which patterns to take. Today’s video shows that taking a bad trade or a trade that is out of strategy effects more than just that risk unit. There is a lot more on the line when I jump into a bad trade.
Continue Reading -->Market Timing: What It Really Means, in Plain English
Sami Abusaad | Swing TradingHave you ever entered a great trade that turned into a quick loss? But then watch the trade go on to a large gain, only you are not in it anymore? It is frustrating, and it has happened to all of us. Bad Market Timing is often one of the reasons good trades fail. Market Timing is a concept that encourages trading only when circumstances are optimal for trading.
Continue Reading -->The Swing Trades I’m Targeting This Week
Sami Abusaad | Swing TradingSami Abusaad discusses the swing trade ideas he’s targeting for this week, 9-3 to 9-7.
Continue Reading -->How to Set Support and Resistance on a Gapping Stock
Ryan Tonking | Black Room LessonsA lot of times when a stock Gaps there may not be any immediate support or resistance; however, that doesn’t mean that none will form. When we were watching DVA this morning that is exactly what we saw, and we were able to get short at the right location.
Continue Reading -->A Common Trading Setup That I Pass on 100% of the Time
Ifan Wei | Black Room LessonsBuy Low; Sell High. It sounds easy, but that’s because it is incomplete. Trying to apply the age-old axiom in the wrong context can be a recipe for disaster. The low-of-the-day base is a low odds setup that I pass on every time.
Continue Reading -->Why Gaps Matter to Me, and Why They Should Matter to You Too
Sami Abusaad | Black Room LessonsToday’s video is about why gaps matter in trading. We analyze today’s gaps and show the power behind these moves, what they mean and how you can profit from such opportunities.
Continue Reading -->The Stocks I’m Watching for Today, and Why I’m Leaning Short
Sami Abusaad | Black Room LessonsToday’s video provides an analysis of the current market as well as a review of some swing and day trade ideas for today, August 28.
Continue Reading -->The Good, the Bad, and the Ugly of Today’s Trading
Sami Abusaad | Black Room LessonsToday’s video provides an analysis of today’s trades as well as those from prior days. We also review a few swing setups for tomorrow.
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