Why Stocks Move the Way They Do…
Most people believe stock market prices move randomly, and thus, they cannot be predicted. The Random Walk Theory written in 1964 popularized that belief. While it is true that predicting stock prices is not always possible, those of us who trade for a living know when prices are random (and to be avoided) and when they’re highly predictable (and to be capitalized on). Join master trader Sami Abusaad for an in-depth, 59-minute discussion on how he predicts future prices, what patterns to look for, and the trends to follow. You won’t find this information in a trading textbook — so take advantage of this rare look at how a professional trader reads price to drive his P&L.
Continue Reading -->How to Manage Trades Like Jesse Livermore
Sami Abusaad makes money today… using a trade management strategy he learned from a book that’s nearly 100 years old. In an effort to continuously help you achieve trading greatness, Sami gave this in-depth lesson on how to squeeze the most money possible out of your trades. It’s one thing to get in a stock at the right place. It’s entirely another to manage the trade on the fly to maximize reward and minimize risk. Fear can eat you up when trading, so learn how to get control over your emotions, and focus on the charts so you can have a less stressful, more profitable trading experience. Jesse Livermore handed it to Sami, and now Sami is handing it to you. Will you take it?
Continue Reading -->Options In Play – Earnings on the Radar This Week
Another week, another huge round of reports. The second packed earnings week in a row will feature more Tech titans but plenty of other volatile small-to-mid caps as well.
Continue Reading -->Why Stocks and Cryptocurrencies Matter in 2019
Sami Abusaad gives an in-depth look at the current market environment, his favorite swing trade ideas, and why he’s so into cryptocurrencies in 2019. See the significance of the QQQ’s “never breaking” trendline in 2019, and what last week’s earnings reports mean for the broader action. Sami shares what could break the market’s upward momentum, as well as his swing watchlist including ACB, FTR, IOVA, KL, and TTD. But make sure you stay on track until the end of the video — that’s when Sami gives a full breakdown of Bitcoin. Then, click here to join this week’s Strategic Day Trader Open House — this way, you can put Sami to the test in real time!
Continue Reading -->How to Exploit Another Trader’s Overnight Crisis
Want to know how to REALLY get the odds in your favor? Find stocks that “trapped” other traders due to an unexpected overnight gap. This type of gap should force traders to act on impulse rather than logic the next morning, which is easy to exploit… if you know what to watch. Watch today’s video to learn how to spot these goldmine opportunities. Then, click here to join next week’s Strategic Day Trader Open House.
Continue Reading -->Understanding the Metamorphosis of Stock Prices
Last week, Sami Abusaad showed you how the basic ‘Atomic’ unit of price works. Sami continues the lesson today, teaching you how the 4-stage cycle of stock price movement works, which includes feelings of panic, ecstasy, and everything in between. Find out the exact moment you should exit a trade — it’s not what you think. You can’t wait until the picture is completely disastrous. By then, it’s far too late. Also, learn how to draw trendlines, spot transitions, and more. If you are looking to get a better handle on how price action works in the real world, this video is for you.
Continue Reading -->Scott Redler: Twitter Knocks It Out of the Park
Twitter (TWTR) crushed its earnings report this morning and surged big-time. Let’s wind the clock back and see how it played out. In Monday’s Redler All-Access Morning Note, I said this: “TWTR reports tomorrow morning. It’s hard to tell if this lower-level channel can resolve higher. I bought $36 calls in case it makes a big move. I’ll also see if it’s buyable after the report tomorrow, but it needs to hold $35.50-$36 on big volume to get some momentum back.” I also sent this chart on my private Twitter feed (for subscribers only):Good thing I had those calls… because it did make a big move! Twitter gapped up big today, as you can see:I sold my stock premarket, and then trimmed some calls as the stock rallied higher and higher. Here’s a chart showing the action in those April 26 $36 calls:Wow! Obviously, not all trades work out like this, but it feels great when they do! I typically look to hit singles and doubles when I’m trading, but sometimes, you make contact just right and things work out better than you think. Plus, as Redler All-Access members know, I’ve been in Facebook (FB) stock and calls too, and Twitter’s giving those a boost.Positions Disclosure: As of April 23, 2019 at 1:20 p.m. ET, Scott J. Redler was long ACB, TIGR, BAC, ZYNE, NFLX, FB, BAC calls, AMRN calls, BIDU calls, FB calls, TWTR calls
Continue Reading -->Options In Play – The Rule of 3 (or More)
Playing earnings on the 3rd, 4th or even 5th name to report in a very similar sector/segment can be tricky. GWW and the Industrial Part suppliers is a good example of what I mean.
Continue Reading -->Why Cryptocurrencies Are the Place to Be in 2019
Last week, Sami Abusaad said he expected the market to stay strong, and it did. So what’s next? Sami explains why a near-term collapse isn’t likely, based on the hourly chart in the QQQ‘s. See the conditions that could actually lead to a trend change so you can be ready to strike. Sami also shares some of the swing plays he’s watching, including AOBC, HSGX, MHG, and XOG. But the big story may be cryptos. Find out why Sami thinks cryptocurrencies are the place to be in 2019, and how he’s trading Bitcoin and Ethereum now.
Continue Reading -->Scott Redler: Pinterest, Zoom, Lyft, and What’s Next
On Thursday, I appeared on the TD Ameritrade Network with my friend Nicole Petallides to discuss the big Pinterest (PINS) and Zoom (ZM) IPO’s. (click the play button to watch)We’re going to talk about what happened on Thursday. But before we get into that, I want to lay out the main principle from my ‘Art of the First Day’ IPO strategy. When it comes to judging new issues, I don’t focus on valuations or fundamentals. Instead, I look at supply and demand. The market action — especially the initial pivot highs — will tell you which IPO’s are hot, and which ones aren’t. Lyft (LYFT) failed early because there were too many shares up for sale. It quickly lost its initial lows and fell apart:Now let’s look at a recent IPO that had more demand than supply. Jumia (JMIA) is a perfect example of too many buyers not chasing enough shares. This is what F.O.M.O. looks like:Zoom priced its deal at $36. And in 1999-style, it opened at $65 and put in a high at $66. This may be a case of too much, too fast. The low was $60.32, and it closed at $62.Here’s how I’m looking at ZM now: it already made a massive move and there’s a lot of room between here and the $36 IPO price. Right now, I want to stay flat. If it breaks $60, the lucky longs could get nervous and start cashing in. And shorts might step up too. If it can hold for a few days, I might buy on a close above $66. Now let’s talk about Pinterest. Pinterest priced at $19. The stock then opened at $23.75. It hit a high of $25.18, a low of $23.05, and it closed at $24.54.Now it needs to hold that $23.05 low. If that breaks, I’ll have to reconsider my long. If it can get above $25.18, perhaps there’s a multi-day run. Positions Disclosure: As of April 22, 2019 at 9:07 a.m. ET, Scott J. Redler was long ACB, BAC, ZYNE, AAPL, PINS, TWTR calls, AMRN calls
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