IQ Daily Chart

IQ Daily Chart

IQ has the perfect daily for a momentum stock. Because it’s a recent IPO, there is not much price history. There is no real resistance besides the recent highs at 22.5-23. Once it clears that level, its blue skies ahead. You can see its’ textbook bull flag on its daily chart. When you see a pattern like this on a recent IPO like IQ, it should be on top of your watchlist.

A few weeks ago it had monster run from 17 to 23 in two days. It has already demonstrated its ability to make big moves intraday, and has been consolidating bullishly in the higher part of its range from the recent push. It has also been pulling back on light volume compared to the run-up, which is a bullish sign.

Our IQ Daytrade

Here is my IQ trade with my commentary:

21 was the key level I was looking for to break to confirm the flag breakout. At the open IQ was basing and grinding up slowly with its 8 EMA so I took a feeler in anticipation of a break of the 21 resistance level. Once we got over that 21 level, it was likely to go on a big run as there was no resistance until the $22.5-23 level.

You always want to pay attention to how a momentum stock reacts on its first pullback and after breaking a resistance level. IQ had a very orderly pullback to its 20 EMA, which gave an opportunity to add for an end of day breakout. The stock will be on watch for more momentum in the upcoming days, now that it is above all-time highs.

How To Trade IPO Stocks

IPO stocks are the best kind of stocks for momentum traders like us. They typically have great range, solid liquidity, and tend to have great follow through in either direction.

Why do IPO stocks typically make such big runs? Simple answer: very little price history. This means there are very few resistance and support levels on the daily chart, meaning there is very little reason for an IPO stock to reverse once it starts a trend. Some other good examples of recent hot IPO stocks are DBX and LFIN. Learn more about how to trade IPO stocks in this video here:

Free Trader Assessment

If you want some direct feedback on where you are as a trader and your trading goals, you should take our free trader assessment for advice on how to take your trading to the level. We can provide more details into finding and trading IPO stocks.

The post How To Trade IPO Stocks: IQ Trade Recap appeared first on Bulls on Wall Street.

After the recent August 24th market selloff, I laid out a plan for trading the market in this webinar with Kunal. We have used these strategies in the Report to successfully trade in a market many hedge fund managers and retail traders are bitching about. Not us. We have adjusted and winning. Even better, these strategies are perfect for part-time traders.

This video reviews my last 4 trades completed in October. I’ve made a total of $3171 off 3 wins and one loss. The average win is $1268 and the loss is $634. That’s the kind of reward to risk ratio I aim for (Note this does not include the partial profits from two trades, each of which is currently a bigger win than the $3171 from these 4 trades). We also review the market, my recent entries and open positions.

Come check out our FREE TRIAL for our Part Time Traders service. This service is great for those that work and cant monitor the computer all day. We have indepth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.

https://bullsonwallstreet.com/part-time/

Follow me, Paul Singh AKA “TheMarketSpeculator” on twitter or email me at SinghJD1@aol.com

The post How to Make Money in a Tough Market: Swing Trade Review appeared first on Bulls on Wall Street.

https://youtu.be/RWNCr0LdaWs

Come check out our FREE TRIAL for our Part Time Traders service.  This service is great for those that work and cant monitor the computer all day. We have indepth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.

https://bullsonwallstreet.com/swing-trading/

Follow me on twitter or email me at SinghJD1@aol.com

The post Review of Today's Trades and First Quarter Results appeared first on Bulls on Wall Street.

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One of the things I’m always preaching in our Trading Bootcamp classes is that as traders we have a responsibility to be in the best stocks.  If a stock blows up and has huge volume, big chart break and the rest of the characteristics we look for in a homerun stock then WE MUST be in that stock.  Being in the best & hottest stocks is 1/2 the ball game.  As if you can get good at identifying momentum then its just about applying the techniques you learn to trade intraday along with managing your risk.   Every week I go through all the stocks that made the biggest moves for the week and if I missed any of them I dig in and figure out where in my process did I either miss this stock or filter it out.  Then I make changes to my process to make sure I can catch it next time.  This is very important as you can have the best charting skills in the world but if your in the WRONG stocks.  Chart patterns, indicators, oscillators everything that you learn about charting wont work as well or doesnt apply if there is no momentum/trend.  When trending everything from moving averages to chart patterns become much more reliable.  So start looking for the momentum each day/week and make sure your that you are in those stocks!  This week alone we made almost 6k just on trading $dgly over and over the week before it was $jrjc and $dgly again.  You dont need 1000 different stocks and setups to watch to make money.  Most of my day is focused on a handful of them and then when I see the setup I make sure to hammer it.

For our new traders/students inside our hedgefund – CliqueFund this is very important as when your trying to grow a small account as cant be in all the stocks & setups. The commissions and lack of buying power will eat you alive.  You need to make sure that you focus on the best stocks the ones that move the cleanest have volume and then take your shots.  You cant trade every single stock I do in the chatroom as often I could be in 2-3 stocks.  Most likely if you have a smaller account you can be in 1 stock at a time and if thats the case be in the BEST ONE.

9/2/2014 addendum:  another 14 bucks today 70%.  We took another 2k on this today.  Stocks in play with catalysts, float, expanding volume, daily breakouts can go much.

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Self-worth is often measured by the sum of accomplishments. This is why failure can burn badly. Not only is a goal or project left unsatisfied, but your sense of self-worth feels compromised as well.

Well beyond the whole glass-half-full/glass-half-empty scenario, failure can actually be the largest impetus to success. Success is fun and safe. Uninterrupted success can also lead to stagnation and risk adversity.In business companies that enjoy years of success and growth–without at least a few years of serious financial trouble–almost always fall victim to their own strengths.  You see companies like Microsoft that come out hot out of the gates with no setbacks they fall victim to their own success and stagnate vs Apple who had some serious trouble in their original business model had to innovate and reinvent themselves.   In the field of day-trading, limiting yourself to safety and avoiding all risk reduces your income potential. Since markets are constantly shifting, this is also not a field where adversity to change is helpful. Failure will often open one up to change better than success.

Understanding the value of failure and, more importantly, not fearing failure, supports personal growth and profit potential. Failure can morph into success if it’s taken in a nonpersonal and productive approach.

Failure ends resistance to change

In times of success, the old ways stay strong. There’s no reason to change because the current methods are working so far, and income is coming in.

In day-trading, proven methods are good but they don’t always remain successful. It’s important to avoid stagnation for that reason. Reviewing strategy and changing methods is part of this trade. At some point, you’ll have to change anyway. But those most resistant will actually not consider change until that point where methods fail. When I started this business in 2008 I strictly traded smallcap stocks. I traded every type of crappy 2-3 dollar stock possible. What I found was that trading that way wasnt scalable for my account or my business. Its hard to have a chatroom where your trading these small junky stocks and its hard for someone who now has a much bigger account to get size in these stocks. During these times I was making 400-500 dollars a day and had 30 subscribers as this style just wasnt a good one for me or my subs. Trading this way limited my results in many ways.  Today I trade mostly momentum Nasdaq type of stocks 20-100 dollar stocks with volume and range. Changing my method allowed me to get more size into my positions but also move faster and more aggressively. This changed my profits 10 fold.

This is where failure becomes helpful. You can no longer resist change, and the recent failure opens the door to further exploration. Any new ideas that you were afraid to try before can be tried now out of necessity. It breaks up your routine and forces you to grow beyond proven methods.

Change not only involves trying the new methods but also involves corrections to stay on target. Long-accepted strategies are now questioned, and after a hard look at what led to failure, you can see where you can improve your approach.

Change is inevitable and, in failure, it becomes necessary. You become less resistant to change, which in the future leads to less risk adversity and a more open-minded approach to your methods.

Failure reveals both strengths and weaknesses

Many successful people failed first before succeeding. From those failures, they learned more about themselves, what they really wanted, and better paths for success.

It may simply be that there are some types of day-trading investments you have a better handle on than others. Or you made an “educated” guess on bad information or require more skills training to reduce the likelihood of bad decision-making. Through failure, you learn your shortcomings, and your strengths also come to the surface through this self-examination.  This is why I have my students trade for sometimes months on a simulator while we grade their trades. So that they can rise and fall! So they can have terrible days and amazing days and feel the ups and downs of trading.  Then after each failure and each disaster we reformulate and learn lessons getting them ready to trade live

The foremost lesson that can come from failure is your ability to survive it. Sometimes knowing that fear is survivable and leads to better accomplishments is the best way to stop fearing it and encourage future risks. When I get up and get ready to attack it in the morning I have such a confidence as I have been on the otherside. Desperate and wondering if I was going to make it in business and in trading. In my younger days I blew up 5 different trading accounts.  I once had 400 people in my chatroom  when my partner left and took them and lost them all down to 20 people! Going all the way to edge and coming back gives me my strength.

Failure means never asking “What if?”

“What if?” is that great unanswerable question that haunts people until death. In it, there are regrets and wonders that will never be answered or satisfied. By its nature it is always unsatisfied.

Failure may result from taking risks. You make a trade with a 50-50 chance of being good, and instead it goes bad and you lose money. At the time this occurs, you may feel devastation and wish you never took the risk.

But imagine if you never took the risk. That question will likely haunt you too. You’ll never know what may have come from that risk. It could have been a very profitable trade, or it could’ve tanked. Either way, you don’t have a strong answer, and you’ll always wonder.

Sometimes, instead of the constant nag of “What if,” the answer of “I tried, but it didn’t work,” is often better for the simple reason that it is an answer. You tried, you did your best, and it wasn’t successful. But at least you know, and you can let it go and move on. It doesn’t haunt you like unanswered questions. You can even feel a certain “badge of honor” that you acted bravely and didn’t hold back due to fear. In trading whether you win or lose money is meaningless. Our jobs is to do the right thing to trade a stock well. That often means that you do the right thing and you lose on a trade. And sometimes you will do the wrong thing and make money. But longterm if you want to make serious money and do it each day your job is to trade each stock well with probabilities and risk irregardless of the dollars or your p&l.

Builds character

This sounds very cliché, but it’s true.

As stated earlier, success often preserves the status quo. It feels good but demands little from you. Failure, on the other hand, makes you examine those uncomfortable questions that lead to growth.

Coming out of failure, you’ll find you’re more resilient and mature. Failure is no longer frightening because you survived. Also, you’ll be more forgiving toward yourself and others in the same position. Perhaps you can even encourage those facing similar failures or shortcomings. Patience will grow, and you’ll no longer take shortcomings as personally.

You’re the sum of a whole picture in which accomplishments are one part. Success or failure doesn’t define you, as they’re merely results of events in your life. Failure can be devastating, or it can be a learning opportunity.

In the light of failure, regroup and remove the personal connection to it. From that place, you can make a new beginning with new risks, new challenges, and new methods of continuing your trade.  Your struggles can define you. Handle it right and it will give you an amazing power to make things happen.
if you guys are having any trouble with your trading or anything else always feel free to email me kunal@bullsonws.

The post Understanding the Value of Failure appeared first on Bulls on Wall Street.

Some of the things we are looking for in this setup:

1. Earnings “beat”  beating analyst expectations
2. Premarket volume
3. Gap up (4% or more)
4. Intraday setup

We made a similar trade 2 weeks ago on $PLAB using this same setup!

Want to learn more? Email me at kunal@bullsonwallstreet.com

The post $CIEN Trade Review – Trading Earnings Breakouts appeared first on Bulls on Wall Street.

The post Trade Review HNSN appeared first on Bulls on Wall Street.

Some of the things we are looking for in this setup.

1. Earnings “beat”  beating analyst expectations
2. Strong premarket volume
3. Gap up
4. Intraday setup

If you have questions about this or anything else, email me at kunal@bullsonwallstreet.com

The post $PLAB Trade Review – Trading Earnings Breakouts appeared first on Bulls on Wall Street.

I got a bunch of other videos i need to upload will do during lunch or in the afternoon on the rest of the trades along with some educational videos on some indicators people asked about.

Dont forget webinar tonight!  check the blog for registration details

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