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!
Continue Reading -->How to Play a Breakout Like a Fiddle
Last week, we talked about playing pullbacks. Now you’re going to learn to play a breakout like a fiddle. Breakouts can be confusing. Why? Because there are two kinds of breakouts, and no two breakouts are created equal. Sami is going to take you through the two kinds of breakouts, which apply to stocks, ETFs, forex, futures, cryptos, and more. If it has a price and a chart, you can use this prices. See the basic 4-stage cycle through which price moves. If you understand this cycle, you’ll see which breakout works in which stage. Best of all, you don’t need to be a cowboy trying to catch every top and bottom. Also, see how concepts like ‘The Pause Play’ and ‘Pause That Refreshes’ play out. This lesson is just one of the building blocks of Sami’s incredible trading career, so pick it up. And if you’re interested in a 1:1 consultation about how you can learn even more from Sami, please click here.
Continue Reading -->Going Beyond Bitcoin: How to Spot Your Next Crypto Buy
What’s up with the market lately? Sami Abusaad puts the current market environment into context with his review this week’s swing trade watchlist, checking out stocks like AVTR, CNDT, DIS, PCRX, and more. Plus, he lets you in on the stocks that he will personally be trading today, breaking down what he is looking for in each scenario to help you understand if and when you should also take the trade. But, Sami saves the real star of the show for the end of the video, when he clues you in on what he got up to this weekend in the crypto market. Last week he discussed why he was bullish on XRP; this week, he took home a nice chunk of change from his position. But, he’s always keeping in mind the cryptocurrency market’s dependency on Bitcoin when taking a trade. Where does he stand on Bitcoin and how does that affect how he executes? You’ll have to tune in to find out:
Continue Reading -->How Sami Picks the Stocks He Sticks With
If you know one thing about Sami Abusaad, you know that he’s methodical about picking his trade ideas. In his latest look at the market, he gives you his list of core long term ideas that he’s looking to trade. That is, of course, if he finds the right entry opportunities. He’ll show you exactly he spots them, and how you can do so yourself. There was one stock in particular that he thinks has incredible potential right now…. Can you guess which?
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