A lot of high profile stocks are rallying sharply into their earnings reports and it is one of my favorite patterns – the ramp into the report. WORK provides a good example of what I screen for on that type of setup.
Continue Reading -->In this video, professional prop trader Derrick Oldensmith shares his keys to success in trading. You’ll learn about: -The simple math behind risk-reward in trading -The ‘layers of probability’ Derrick uses to improve his odds of success on individual trades -How he grades trades from A+ to F (best to worst) -His rules for generating consistent profitability -What you need to know about prop trading careers -Important details about T3 Trading Group
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The market looks like an easy call for this week – at least, it looks easy as of the weekend. How should you prepare for the week, and what happens if Friday’s low doesn’t hold? In this video, Sami explains: Why he doesn’t think the week will be all-out bearish When the market might hit all-time highs How USO benefited all types of trades What he predicted for GLD Why he doesn’t usually play stocks like ATRA
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Out with May, in with June. It will be more of the same this coming week – lots of Software reports and some Retail names scattered in as well.
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I always talk about giving options time off the open to let the books and bid/ask spreads fill out. There are some instances when I am more aggressive covering quickly and DLTR is one of those examples.
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Not every trade is going to be a winner and how you manage the losing trades is equally as important. You may not like getting stopped out but it is key to longer term success.
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After a long weekend, the market is opening with QQQ, SPY and IWM all bullish. Traders have different arguments on why the market should be lower or higher, but Sami knows exactly how to trade the market direction. In this video, Sami explains: – When a pullback might happen in QQQ – Where to set a target in SPY after a failed weekly sell setup – Why reasoning behind market direction doesn’t really matter – What he means when he is “bullish until proven otherwise” – Where to set an entry and stop in BGS
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It’s the last week of May and a short week too, but there are plenty of big names reporting. Expect a busy stretch for Software companies this coming week.
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You guys know me – I don’t spend too much time focusing on big call/put buying. That being said, there are some instances where I like to see it and TWTR is one of those.
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Earnings season always leads to a ton of big moves and I’m always on the hunt for stocks that have big potential but the option prices are lower. Enter high correlation or sympathy trades.
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