Don’t Get Hurt with Opinions – Scott Redler Joins Alpha Trading
When the market started to look shaky last year, Scott founded the 6:30 Club, a way to connect with traders outside of his usual service. Now some are wondering about the current state of the market, but Scott remains unconcerned. Instead, he’s telling other traders to not get hurt with opinions. Just focus on the technicals. Find out what else Scott is looking at now in this episode of the Alpha Trader podcast. In this episode, Scott explains: Which news he pays attention to as a technical trader Where he sees a battle being waged on Bitcoin How he uses the 8 and 21-day moving averages to know when to buy Why he doesn’t think we’re at an extreme yet The small- and mid-cap names he’s bought recently
Continue Reading -->Scott Redler’s Dog Bytes: Big Tech Watch
Welcome to Scott Redler’s Dog Bytes, which gives you a selection of insights from Scott’s Redler Report newsletter. SPX futures are flattish. A day or two of digestion would be good with active support at 4271, then 4257. Pivot resistance is 4286. The second quarter ends Wednesday, so there might be some markups and markdowns. Know what you’re in and why as our Portfolio Approach has worked GREAT since the May double bottom. QQQ broke above the wedge pattern to hit $351.46. We navigated it very well. Now we’ll see if $348.85 holds to make it easier to massage our Portfolio Approach. FB: I sold as it hit $344.90+ from my buy in the $330 area. I’ll see if it holds the $340 area for potentially another opportunity through $344.90 in a session or so. TSLA: I caught a big move from $615 as it cleared $631 to hit a high of $697. Some news of a software recall brought it in a bit with a low of $667.61. Maybe there’s a dip to buy vs. a 5-15-30 minute low. I’m short puts, and will look to buy the stock with a signal. BABA calls were a great pickup for $2.50 last week when the stock was around $209. I sold half the options for around $7+ and held the rest as it hit a high of $230.25. I’ll trim a bit more. Now, we’ll see if it holds $225ish to set up and go again Want updates on names like these plus 30+ more? Scroll down… Positions Disclosure as of 6/28/2021 at 8:48 a.m. ET
Continue Reading -->I’m Bullish… but I Have Issues
This week’s watchlist video is here! Jump in and find out: Why Sami’s bullish, even with the risk of a pullback Why AAPL and MSFT are important The reason SNAP looks good Why BIIB could get hit
Continue Reading -->Options In Play – Managing Trades When On Vacation
It’s that time of year when traders take vacation. What do you do when you have a few open positions?
Continue Reading -->Options In Play – On The Hunt For IV Expansion Plays
While a lot of stocks have acted great recently, there are still plenty that haven’t moved. In addition, some of those are historically volatile and could be setting up for implied volatility expansion plays.
Continue Reading -->Options In Play – Summer Trading Setups
We have had some great action throughout June, but historically, this can be a slower month. With little news scheduled this week and next, you need to make sure that you don’t get caught up in summer trading.
Continue Reading -->50/50 Bias
Typically Sami talks about his bias for the upcoming week, but this week will be tough to determine. Find out what is making his decision so difficult and how that influences his other trade ideas. In this video, Sami explains: – One of the two scenarios that leads to a choppy trading environment – Why you can’t short some gold stocks – How trading ADVM will look similar to GRAY – Where to find a transition A play in AKBA – The signal that tells you when to jump into a stock
Continue Reading -->Options In Play – Earnings On The Radar Week Of 6/25/21
A few big names are due to report this week, mostly on Thursday. NKE, FDX, and BB will be several names in focus.
Continue Reading -->Options In Play – What’s A Friday “Lotto”?
You have probably heard traders talk about lotto calls and puts. This is a high risk, high reward strategy for late in the week.
Continue Reading -->Options In Play – A Recap Of 6/15/21 Option Coaching Session
Due to technical difficulties, our bi-monthly option session wasn’t recorded last night like it normally is. Here is a quick recap of what we talked about, and feel free to reach out if you are interested in the slides for the session.
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