Vero says “go to bed Shark, you never trade the shit you chart anyways” lol touche but the homework keeps me sharp and lets me keep an iron in the fire while waiting on set ups.
Been trading crazy as fuck the last few days. Market parted those legs and let a brother get some!
Fall is on its way and the markets are looking better to me as a short seller!
I always have a plan for long or short on any chart I am looking at. – KEEP IN MIND I AM A NOVICE- do your own due diligence. I am always studying new things to give me a little more edge over the next trader.
I am a support and Resistance Trader, mostly! I plot out support and resistance lines on the Weekly/Daily and then the Intra-day with a nod to the current last few days trend and the overall trend it is in. That helps me play the hand I am given on the next trade session.
I am not trying to call price targets or trends and swing plays for days or week (though they generally go where I figure they will anyways so I am looking to become an options trader as well), I just look at charts that have range to play or are at break down or break out levels. But each day is new on the market and a trend can change and break your chart so be prepared for that, long, short and sideways. Exit when the trend breaks or you don’t know why a chart is moving the way it is moving. Wait for a trend to show up.
-Some questions you should ask yourself before putting on a trade or taking a trade off-
Do your own DD and have a plan for each morning, long or short and be aware of the market you are in, bear market, bull market, how is the VIX today? the SPY? is the ticker you are planning to play in the hot sector, cold sector? What is the most recent catalyst? How is the volume? Is there enough average shares traded daily to get in and out with ease? 1 million average volume is about the minimum.
The day before was the ticker barely holding up, did the stock close strong? Was the strong close just shorts covering or is it organic want and desire from true longs who are now bag holder to defend this price point and zone? Are you playing a breakout play, a wash out then buy the bottom? LOD bounce and long? Resistance deflection and shorting the pull back, ETC ETC? Know your patterns that you like to play and what kind of stock – in which sectors – and the catalyst that drive price imbalances on them to get the best edge for you skill set. -Trade Safe-
Cash is also a position and the safest position to be in. When it doubt-pull out-reassess and re enter the proper hole/set-up =P
I usually like to chart the not so obvious hot play of the day but sometimes they are too hot not to play for the follow up the next day and this is my watchlist with my notes to refer to during the trade day!
Finally i can see it getting closer.
Man I have been stalking this one for weeks. Volume falling off and i wanted to short up in the 18’s “if” it could get there. it got there and then some. it is in new territory up till the 24 area from the past, so i will keep watching for some intrday weakness to get short on this bitch.
Volume 442k getting to low for me to want to be in or keep watching
Average Volume: 535k
Float: 36 Mil
Shares OS:44.6 mill
Income: -102 mill
Insider/ Institutionally owned: 28ish % 45ish%
and this after shitty earnings. so I doubt the pop lasts on this bs news
A- Grade Setup: insiders/tutes to high for me
perfect wedge break out with the 10% pattern and fail. thing is out in no mans land now. have to wait and see what happens but there is so much range on it most days that you can get a .50 cent a share short on ir pretty easy.
Sector: Technical & System Software
Volume: 5.4 mill
Average Volume: 3 mill to 4 mil
Shares OS: 150 mill
Float: 77 mil
Income: – 420 mil
Sales: 600 mill. what a POS that it cant make money with those sales.
Insider/ Institutionally owned: 4% 70 % insiders selling out.
Catalyst: Morgan Stanley PT from 19 to 22 http://www.marketwatch.com/story/nutanix-heads-for-first-1-billion-year-shares-rebound-2017-08-31?siteid=yhoof2&yptr=yahoo
Grade Setup: A just waiting to see where the Short shows up at. there are so many spots and I can wait for them all.
Finally getting there. still interested in it. news keeps pouring out of these hacks mouths about how great this stock is.
continuation from the 8-24-17 watch-list. still watching it based on the same ideas as what was typed up on it back then. been about a week and re evaluating it. still wanting to see how it acts at 14’s
Sector: Apparel Stores
Super interested to see how this acts at around 13 to 14. super bullish the last little bit of its moves but it has some RES to over come soon.
Volume: 3 mil
Average Volume: 4 mill
Shares OS: 68 mil
Float: 67 mil
Income: -18 mill
Sales: 3.3 bill
Beta: .74 but has some over blown moves last few days
Insider/ Institutionally owned: .40% 0%
Catalyst: Telsey Advisory group upgrade from 11 to 12 from three months ago of 13 to 15 so basically still bullish but downgraded on how far they thank it will go. tricky cock suckers. Citi Group neutral to buy. sounds like bs to me
so after saying second qtr losses widen they literally had 40 plus news pieces put out to counteract the bs bad news on it lol. fukn scum bags
Grade Setup: A+ Set up for me. Chart looking interesting and they are pushing this thing with news. when it stops i doubt the gains hold. low insider and tute ownership, fair volume fair float. Front back burner play to watch set up. if it pops and holds, oh well, i lost nothing but some watch time on it. but i will watch this for about a week or so then re evaluate it.
Any one buying this pile of burning trash needs their head examined. this is a short plain and simple. Fake price targets from hacks who give price targets for a living vs trading real cash on the line and their ideas shows how fukn good they are. losers.
No cash flow, no products nothing close. it should be criminal to pump buy up shares from 12 to 29 as the broker who did the underwriting 2 days later after pumping this up to scalp into retail. and then selling flow off the dark pool servers to bears and keeping the price up to shovel all this trash offering out to Muppets.
Trade safe as the dirtiest broker of all time, The bond market fixer over at GoldMan Hacks has this little gem in the waist pocket.
let level 2 and price action be your guide. watch for time and sales prints off servers you don’t recognize and flow that was slipped past on them vs being taking off the retail side.
Been pretty bullish for a few days. we been stalking it for a short. waiting to see if it ever shows up. from 9-6-17 now it is finally seen some top out. lets see if it can retest and fail it for the short entry.
Sector: Internet Information Providers
Feeling like this is really close to top out around 11. but it may find new bulls to buy it up past that area. still keeping an eye on it to see how volume is 2 morrow
not sure what is going on here for the push up but it is low tutes and insiders and normally bs volume. i have this on a side main watch today.
You know what time it is. short time. Gapped right into over head res. filled it. and is now looking to range between that 4 and 6 mark. should be some plays both ways on this. play this one in and out and take profits on the hit and run quick as fuck if the chop shows up on it.
$XOMA was stalking it for a bit and now Wedbush gave it an upgrade from 9 to 19. gave it some life. see if the bulls can hold this fat girl up! Damn good chance it hits 19! she is looking a little softer and sloppy now. wait for another solid push up attempt on it before that short.
$CHRS still on my list. Waiting to see it get some volume and give it up. would like to see 16’s first but shit give back is give back.
Want to chart your own plays and have some info at your fingertips, use my template below. if you need to add something else to it send me an email and i will adjust one for you custom.
Insider/ Institutionally owned: % %