Options Case Study: When a Goose Follows a W
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about GOOS. The trade has some parallels to W that reported last week, which factored into the close of the position ahead of earnings.
Continue Reading -->A Unique Way to Catch Tops and Bottoms By Going Against the Trend
Sami Abusaad | Black Room LessonsIn the stock market, what seems low often goes lower, and what seems high tends to go even higher. However, most traders can’t resist a good bargain. The temptation to buy a falling stock is usually exasperated by the fact that falling stocks occasionally have notable bounces, perhaps on high volume, giving the impression that the stock has bottomed. In this video, we discuss what to look for and how to catch a falling knife “the professional way”. Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->The Basic Structure of a Black Room Trade: Part 2
Ifan Wei | Black Room LessonsA previous video discussed the necessary components of every trade, and how they affect the probability for a winning trade. This video explains why they are necessary even though they reduce chances of being “right.” Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->74% of Surveyed Traders Bullish on NVDA in Our Latest Mystery Chart Challenge.
==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House Yesterday, we held our second Mystery Chart Challenge, which is our version of a classic blind taste test. It’s your job to analyze the chart without the influence of knowing the ticker. Here’s the chart we showed: And as you can see in the title of this article, it’s Nvidia (NVDA): Only 2 respondents guessed it right, and a third was awfully close in guessing Advanced Micro Devices (AMD). And how do surveyed traders* feel about Nvidia, based on the blank chart alone? *this is NOT some kind of scientific sample and we can’t promise any statistical significance, so please take these numbers with a very large grain of salt Very positive, as it turns out. 73.7% said they were bullish based on the chart along. 15.8% said they were bearish. And 10.5% were in the middle! Stay tuned for our next Mystery Chart Challenge! To ensure you get notice to participate next time, sign up for our free newsletter here.
Continue Reading -->The 2 Times When I Use Volume In My Trading
Ryan Tonking | Black Room LessonsToday’s video explains when a volume increases in important, and when it means nothing. Volume spikes can draw a lot of additional attention to a stock. Most of the time, the volume increase means nothing, but today in JEC the volume spike meant a lot. and enabled us to capture a nice move higher.Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->The Basic Structure of a Black Room Trade
Ifan Wei | Black Room LessonsThis video outlines the necessary components for each and every trade. Then, we discuss the effects each component has on the probability of that trade.Trading is not easy, especially if you are trading on a whim with your gut or listening to ‘hot tips.’ This video will likely discourage a lot of people interested in trading, but it’s important to understand the requirements for structure and consistency.Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->How a ‘Breakeven Trail’ Can Sabotage Your Winning Trades
Ifan Wei| Black Room LessonsThis video discusses the breakeven trail. There is a psychological comfort to trailing a trade to breakeven because of our natural loss aversion. However, it is too often overused to sabotage potential winners. Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->Mystery Chart #2: Are You Bullish or Bearish?
==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House It’s been far too long since we’ve issued a mystery chart challenge! This is our version of a classic blind taste test. Here’s how it works: We’re giving you a 6-month daily chart with 10/20/50/200 day moving averages, and no name. It’s your job to analyze the chart without the influence of knowing the ticker. Last time, 179 people participated… and a lot of them were angry to find out they were bullish on the gold miners (GDX). Here’s the latest mystery chart for you to analyze: Are you bullish or bearish? Enter your vote below, and guess the ticker if you dare. Make sure you hit the submit button so we can log your entry. Tomorrow, we’ll reveal which chart this is, and post the results. Good luck! Loading…
Continue Reading -->Rolling Along with an Apple Options Play
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowThis video is going to talk about rolling positions and trade management. The AAPL breakout this week has led to another opportunity to revisit our rolling strategy.
Continue Reading -->Can Apple Stay Special and Go Again?
Apple (AAPL) has been great to the Redler All-Access community. It gave us time to buy after earnings and hit a high of $208.74 on Friday. Now, it would be good to sit over $205.48 for a session or so to create a flag-type pattern. That could keep it special to possibly go again.Amazon (AMZN) didn’t have enough power to hold and go after earnings. If the market is going to be strong, it will need leaders like this one. To act special and help things, it needs to hold $1801 and perhaps $1841. Above $1841 could bring momentum back.Google (GOOGL) was a great options/earnings play. It put in a high at $1292 before tech came under pressure. If it can hold $1229ish, perhaps it gets tight enough to clear $1246-$1253 to get back in play. But it will need big volume.
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