It is actually more important to see how the stock reacts to the news than the actual news itself. But it is important to always know why a stock is moving. Every great trader knows which types of news catalysts are conducive to their trading strategy.

Having a tool that provides you live news on the stocks you own or are watching is extremely helpful. The best news tools can alert you before a major market move occurs. Today we will talk about my 3 favorite tools for trading the news.

Seeking Alpha

Seeking Alpha is a crowd-sourced content service for financial markets. They are a great resource if you are trying to get immersed in the stock market, and they also provide a great ‘breaking news’ tool. Seeking Alpha lets you follow up to 5 stocks for free, and you will get live updates on all of these stocks emailed to you. It is a great tool for staying on top of stocks in your portfolio if you are on a tight budget.

They also have a paid version called SA PRO alerts, where you get key articles on as many stocks as you want emailed to you 24/7. SA PRO alerts cost $10 a month. For momentum day traders, usually this news service isn’t fast enough to catch market moving news right as it happens. It is a great tool if you are trying to keep trading expenses low, but it is more suited for swing traders and longer term investors. Check out Seeking Alpha news services here.

Briefing.com

Briefing is a great resource to check every morning to a get a quick and easy breakdown of what stocks are moving on what catalysts every morning. It provides minute-to-minute actionable maret news headlines, analysis, and commentary along with useful calendars of evenings like earnings reports, conferences, and government data.

Briefing offers 3 different packages, and each have free trials: Briefing In Play, Briefing In Play Plus, and Briefing Trader. “In Play” is $50 a month, “In Play Plus” is $75 a month, Briefing Trader is the most expensive package at $300 per month. All 3 offer breaking news alerts, and provide headlines and live research that intra-day and short-term traders need to trade the news ahead of major market moves.

The main difference between “In Play” and the two more expensive packages is that they offer trading signals in addition to news headlines. When you are a seasoned trader, the signals really aren’t necessary because you have your own trading system, and you don’t need someone with a different system telling you when to buy and sell. For most traders, I recommend the “In Play” package. If you want live audio, you have to get the “Briefing Trader” package. Learn more about Briefing.com here.

Benzinga Pro

This is my personal favorite tool for trading the news. It is a web-based news platform that is designed specifically for momentum traders like us. It provides real-time news streaming services, market screeners, and audio alerts.

The “squawk” feature is very useful when you are a momentum trader and you want to move fast. By the time you read the news, there is a chance that the best entry spot might be gone. It’s like having CNBC but without all of the excess noise. They do a great job filtering the news so that it is quality alerts over quantity. You can filter it so that you only get news alerts from stocks on your watchlist.

It is not a cheap tool, as it is $147 a month. However it is much cheaper than “Briefing Trader”. The main reason I prefer Benzinga Pro to Briefing.com is that it gives audio alerts for $153 less a month. Check out Benzinga Pro here. Use code ‘bulls25‘ for a discount off your package.

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The post My Favorite Tools for Trading The News appeared first on Bulls on Wall Street.

Trading stocks reacting to news without reading it? Seems like a weird thing to do but let me explain.

Our bread and butter is trading momentum stocks, especially those that get hit with news. We took a trade today in SHOP that got rocked after some news hit the market. The actual content of the news isn’t as important as how the stock reacts to it. We look for a setup to form that gives us an opportunity to enter the stock.

News Surges Volume and Price Range

When you have a technical analysis pattern and you’re marrying it with fresh news, you’re likely going to get a surge in volume. This volume is going to give you a bigger push than what you would get on straight technicals alone. One of the things that I always look for is expanding volume, and in this case it was 6 million shares.

Shorting SHOP

As this news came out, SHOP spiked down to $110. I don’t like to chase these things down on the first candle. I always wait for it to pop or a technical pattern. As it hung out under its VWAP, I notice it developed a big ORB pattern. The ORB pattern stands for the opening range breakdown. SHOP developed a morning range and then violated the support level, signalling an imminent break. I anticipated the flush as it began curling down underneath the VWAP so I added into my position. Once the flush came I covered some at support and into the thrust.

Exit Target at Support

Remember, you don’t know how far down its going to go, but you need to have an idea in mind. I used the daily chart to see where the first levels of support could be. I also have my 50 SMA acting as support near the same area. I want to be covering into that spot since it’s a potential a bounce spot.

This is how you pick your targets. You look at stocks on multiple time frames and then use a little bit of common sense. When it’s starting to get a bit extended and close to support start taking your gains. I always like to leave a little for a home-run especially when you have a good setup with news. Remember to move your stop to your entry price to make sure you’re guaranteed a profit on the trade.

If you’re not sure of the setups and price patterns that we’re talking about you can learn them all in our Bulls Bootcamp. It’s an intensive 60 day course to teach you exactly how I trade and why. Our next bootcamp starts on October 12^th, 2017. To learn more or signup, email me at kunal@bullsonwallstreet.com today!

The post Trading Stocks Reacting to News Without Reading It appeared first on Bulls on Wall Street.

Gap Fill – AAOI’s Bigger Picture

On April 17^th, AAOI gapped up slight at the open and put in a dead cat bounce intraday. After the fake spike up, the stock broke back down underneath its VWAP. Right here we shorted it at $45.69 at 9:42 AM with a stop above the high of the day at $46.50. Sure enough AAOI dropped, putting in a new green to red setup. So, I added to my position at $45.28 at 9:45 AM. AAOI continued to fall and I scaled out of the move at $44.91 and $44.80. Throughout the rest of the day $AAOI continued to setup bear flag after bear flag. Naturally, we traded it a couple more times ending up with more than $800.

Sometimes we have to focus on looking at the news and trying to figure out on the bigger picture, what should be happening. It’s important to have a thesis behind your trade and guide your decisions. Remember, you’re only as good as the stocks your trade.

If you’re not sure of the steps and practices that we’re talking about you can learn them all here at our Bulls Bootcamp. We’re having an exclusive spring time bonus for our intensive 60 day course where we teach you exactly how I trade and why for only $2300. Not only that, our bonus also includes 6 months of free chat access and a Special Live Platform Setup Class on May 1. This deal is only for a limited time so to learn more or signup, email me at kunal@bullsonwallstreet.com today!

The post How To Trade Stocks Reacting To News appeared first on Bulls on Wall Street.

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.

NOTE:

• If you are a PRO member, you do nothing – disregard this blog post completely.
• If you are a NEW member and signed up for a Bulls Gold membership on or after August 24th (last 8 days), then you do nothing – disregard this blog post completely.

Here is what we need from you (paying GOLD members who subscribed before August 24th) to help with the process:

1. Proof of payment – Unfortunately, with this move, we are not able to view payments received in August.  If you payed the monthly membership of $95 in August, then your account is up to date.  However, that subscription will NOT automatically bill again in September as all of the Paypal accounts prior to August 24th have been canceled.  However, to be sure you are not billed by the old PayPal account again, please take the time to cancel your old membership – this will not affect your website access. In order to know who you are (paid in August), we need you to send us proof of purchase for the month of August (your PayPal receipt).  You can send it to info@topvacationspotsx.com.  There should not be any personal information on this confirmation, but if you have concerns, let us know.   Please send confirmation of membership as soon as possible because we are going to clean out the database within the next week and only those with proof of membership will remain (plus all PRO members).
2. Start a new membership with Bulls – On the August receipt that you are sending us as proof of membership, there should be a date of the transaction.  You are paid up through a month after that date and you will continue to have full access to the site as you do today.  However, 30 days after the date on your receipt, you will need to start a new membership by subscribing on the Services Page of our website.  This will put you into our new PayPal account.  Please note:  After you sign up through Paypal, do NOT follow the registration steps that follow on Bullson.ws because we already have your registration information.  So, once you’ve paid (sometime in September), you are done – no need to register.

We apologize for the inconvenience and please don’t hesitate to contact our team if you have any questions.  We are very excited about the future of Bulls and the freedom we now have to improve the site experience and services.

Thank you,

Kunal Desai & Ryan Mathews

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Chat Room (boom factory) tutorial

How to use Bullson.ws website video

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Just wanted to highlight a few new features launched over the weekend and an update on a few currently on the road map.

Swing Corner

IBD Focus – I’ve added a section focusing on setups from the IBD50 and IBD200.   The IBD200 is released online Wednesday night and the IBD50 on Friday.  So, every week, I’ll run through both lists and posts the setups that look favorable for near-term swings.

ST50 Focus – Same story as the IBD Focus, but this is a look at some of the best setups from the StockTwits50 released every weekend.

A few features being released right around the corner

Chat Archive – We’re about to launch the ability for you to see up to 2 weeks worth of Boom Factory history – every message from every user.  Buy and Sell orders from Kunal and me will be highlighted in the archive for easy reference.

More ‘beep’ Control in chat room – You will soon have the ability to set audible alerts for Kunal and me only instead of alerts for all new messages in the Boom Factory.

I’ll keep you updated – more to come!

The post New Site Features appeared first on Bulls on Wall Street.

We’ve just launched a forum on bullson.ws giving you a place to suggest site enhancements, webinar topics, etc.  The forum has limited categories, but will evolve as needed to best support our members. Check it out.

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