Scott Redler: A Hot Active Sequence in TWTR
Twitter (TWTR) ignited with a Red Dog Reversal buy on June 28, when $34.57 was reclaimed. I picked up calls. Then, it gapped with power to clear $35.60 which got me in the stock.. This morning, I said that holding $35.80 makes it easier to stay with, and that it could get momentum by clearing $36.65 on volume.And we did get that move through $36.65, with Twitter hitting a high of $37.65 this afternoon.Traders that missed the boat on that initial Red Dog Reversal could have added through $36.64, and been sitting on a decent gain. Active sequences like this teach an important lesson: you don’t have to go all-in on every trade from the get to. You can start with something small, and then add Tiers as the stock rallies. It’s often better to average up into something that’s working than it is to double down on a loser. Then when it really gets stretched, you can take profits to manage the trade. I’ve been trimming Twitter stock throughout today while holding onto my calls. Positions Disclosure: As of July 9, 2019 at 2:34 p.m. ET, Scott J. Redler was long TWTR, UBER, STNE, DIS, NFLX, FB, SYMC calls, TWTR calls, NVDA calls, GWPH calls, AMZN calls; is short SPY, AMZN calls
Continue Reading -->The Powerful 1-2-3 Continuation Pattern: An Inside Look From The Strategic Day Trader Room
Get up to speed with Sami Abusaad’s latest trading lesson. Today, you’ll learn about the power of the 1-2-3 continuation pattern. If you’re going to find it, there is one key feature that you’ll need to spot. Do you know it yet? And, once you do… do you know how to play it? Sami does. And he will teach you how. Tune in to learn from him:
Continue Reading -->The Moves That Made Sami Get On the Mic Early
Sami Abusaad is excited. So excited, he had to record early because he couldn’t wait to discuss the trades on the table. First up is Bitcoin. You saw its crazy climactic run last week, and got Sami’s take on how to play it. Once he catches you up on how the rest of the week played out, Sami builds on the past with a look into the eye -popping future of Bitcoin. Even better, he clues you in on why he’s close to doubling down on his position size. Bonus: If you want an even deeper look into Bitcoin, check out Sami’s dedicated video here. From there, Sami moves to the his most bullish plays for this upcoming week. QQQ hit all time highs, showing great market strength, but Sami is voicing caution. There’s a number the Qs must not dip below if there’s any hope of higher highs. You’ll need to keep a close eye here if you’re thinking of taking any trades. Plus, Sami’s got a list of long term ideas he’s bullish on, and a few names he’s excited to trade. Tune in to see if any inspire you to buy in.
Continue Reading -->Catch a Big W With Bitcoin
Sami spies a huge W coming up for Bitcoin. There’s a double meaning here. Let’s break it down: A W pattern on the charts A win for your P&L Have you gotten in yet? Watch now and catch the ride up:
Continue Reading -->How To Dodge a Bullet When a Breakout Fails
Last week, you learned how to play breakouts like a fiddle. Here’s the key: all you need to do is learn how to handle yourself in the standard stages of stock movement, and you’ll have 85% of the market covered. But 85% is not 100%. No two breakouts are the same, and you can’t always count on them to make you money. So, how can you learn how to avoid the ones that fail? Sami Abusaad’s latest lesson tells you exactly how to steer clear of breakout failures. Most failed breakouts happen in exactly the same way: the stock puts in a wide range bar followed by one or more inside narrow range bars. The stock then breaks under the low of the inside bar and begins to break down… This is what Sami calls BO-NFT: breakout with no follow through. It’s how almost all breakouts fail. It’s also how most trends end. And it’s a concept you need to understand ASAP.
Continue Reading -->Options In Play – Expanding on Options Collars
In this all-new video, Daniel Darrow explains how options collars work, including the benefits and drawbacks they have relative to regular hedges. He uses DE to illustrate these points more clearly.
Continue Reading -->Options In Play – Earnings on the Radar for This week
Daniel Darrow of Options in Play goes over earnings names to watch, including AYI and ISCA.
Continue Reading -->Scott Redler: Using the Tier System on UBER
Your P&L isn’t only determined by your entry and exit.How you manage the trade along the way matters a lot.So let me give you a look at how I use a Tier System to trader around names, using Uber (UBER) as an example.UBER was on my radar last week, and I grabbed some shares on Thursday morning around $44, as I shared on the Redler All-Access private Twitter feed:UBER had a solid green day, closing at $45.30.Then, I was looking to add a second Tier to add on a move through the $45.50-$45.75 area:Uber kept pushing higher on Friday hitting a high of $47.08 and closing at $46.38.And as you can see on the right of the chart, UBER opened up today, and I sold most of my position over $47. It goes to show — if you’re not ready to commit to a position, think about starting small and waiting for a breakout. That way, you can at least get confirmation that a trade is in motion. Now, I’m watching for an opportunity to add back to my UBER position. Positions Disclosure: As of 7/1/2019 at 11:20 a.m. ET, Scott J. Redler was long TWTR, DIS, UBER, NFLX, SYMC calls, TWTR calls, AMZN calls; is short JPM
Continue Reading -->Bitcoin Went Climactic. So What’s Next?
Bitcoin just went climactic. You probably know that by now. But what’s coming next? Sami answers: It was almost a blow-off top, as denoted by a wide range bar and huge volume. See why Sami got short around $13,200, and how he ended up covering too soon. Bitcoin is proving to act very different from a stock. It was ‘supposed’ to relax. But it just didn’t. Watch the video and see what it means for Bitcoin short-term and long-term — because these two pictures are VERY different.
Continue Reading -->How to Trade a Sloppy Bull Like This One
The QQQ was setting up long into the G20 meeting. Typically, the market has news like the G20 priced in, but to the contrary, the market was up over the weekend. Now see the level QQQ needs to take out to extend the move. The market looks good, but it’s not perfect. Instead, it’s a bit sloppy. The weekly remains bullish, but Sami doesn’t like everything he sees on the daily chart. It’s also important note what’s happening with IWM. It was the first major index ETF to top out in September. SPY and QQQ did not top until October. Sami sees a key pivot in IWM that could ignore a big ugly mess. So the bias is bullish, but you do need to keep your eyes on Sami’s levels. He also identifies his top swing trade plays for the week, including AAPS, CASY, COLD, ACRS, KIRK, and more!
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