stock education Archives | Bulls on Wall Street https://bullsonwallstreet.com/tag/stock-education/ Stop Guessing. Start Trading. Tue, 08 Oct 2019 12:58:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://bullsonwallstreet.com/wp-content/uploads/2019/07/cropped-Untitled-design-14-1-32x32.png stock education Archives | Bulls on Wall Street https://bullsonwallstreet.com/tag/stock-education/ 32 32 Trading Bootcamp Starts September 28th! https://bullsonwallstreet.com/trading-bootcamp-starts-september-28th/?utm_source=rss&utm_medium=rss&utm_campaign=trading-bootcamp-starts-september-28th https://bullsonwallstreet.com/trading-bootcamp-starts-september-28th/#respond Fri, 12 Sep 2014 02:51:31 +0000 https://bullsonwallstreet.com/?p=30048 Are you a new trader with more losses than wins, and more questions than answers?  Or are you an experienced trader looking for an edge or a way to be competitive and profitable in any market environment?  We can help and give you an edge regardless of your experience level. The majority of new traders ...

Read moreTrading Bootcamp Starts September 28th!

The post Trading Bootcamp Starts September 28th! appeared first on Bulls on Wall Street.

]]>
Learn-How-to-Day-Trade-From-Training-Bootcamp

Are you a new trader with more losses than wins, and more questions than answers?  Or are you an experienced trader looking for an edge or a way to be competitive and profitable in any market environment?  We can help and give you an edge regardless of your experience level.

The majority of new traders jump around from method to method, losing money without gaining experience or learning from their mistakes. Others have a single strategy that works in a bullish market, then the market turns and they suddenly find their gains shrinking and losses growing.  I’ve been there and done that, so you don’t have to. With a 71% win rate last year and nearly 100,000 trades in my career, I know what works and what doesn’t.  I’ve developed a method of trading that if learned correctly and used consistently will give you the tools you need to be successful trader.

The Bulls 60 Day Bootcamp encompasses everything I know about trading.  Covering a total of 20 subjects, this course will take you from A through Z; reading indices, setting up charts, setting stops and scaling out, scanning for potential home run trades, recognizing profitable day and swing trade setups, and much, much more.  You’ll learn how to look at a stock and build a case for why it could be a profitable trade – or not – using the same criteria I use every day.

Guys this is the same method that allowed me have these killer months consistently with NO losses! April TradesMay TradesJune Trades July Trades August Trades

CLASS SCHEDULE: 

Class starts Sunday September 28th   at 8pm.  There are 60 days involved in this Bootcamp. Here it is broken down for you:

The first 4 weeks we meet four nights a week (1.5 hour classes)  for four weeks, going through the 190 page coursebook and all of the material in detail, including the Bulls Setups that I have developed in my ten years of trading.  Classes go Sunday, Tuesday, Wednesday, Thursday each week 8pm. We will work around the holidays.  I always plan 3-4 surprise classes after the main classes are done. It could be a guest speaker or a class on 401k investing.  Its always something good!  This year we plan on having Haim Bodek and my own mentor Paul Singh; The Market Speculator who does our Swing Trade service

The next 8 weeks we meet at the market close and review all of the trades that I took that day and start learning how to apply the knowledge you learned in the first month of the course. These classes usually last about 45 minutes. Also during this 8 weeks, you are provided a live simulator to start practicing on. The simulator attaches to trade reporting where I will be able to dig into each and every one of your trades and all the details associated with it.  I am able to see exactly what you are doing and help correct and implement the strategies that we have learned.

P.S. All classes are recorded and archived for you!

COURSE CONTENT:

___________________________________________________________________________________

This is what You’ll learn:

  • How to setup your charts
  • Which indicators and tools can give you an edge
  • How to read indexes
  • How to interpret price action in the market
  • How to read the tape in stocks for hidden clues on when the big moves are coming
  • Where to scale out of profitable positions
  • My personal Bulls Proprietary Scans so that you can scan/find earnings breakouts, red to green moves, flat top breakouts etc
  • How to scan for pr releases/news releases and then interpret if it is actionable news
  • Details of @szaman’s special intraday setups (opening range breakouts, 1-2-3 reversals, and MORE)
  • How to identify and trade several different types of highly profitable setups
  • My personal goto setups: Bottom bounces, r/g moves, rubber band plays etc.  I will give you step by step how to find these and then play them.
  • I’m going to personally show you how to setup your daily & weekly routine along with your computer so that everything you do is mechanical
  • And most importantly I’m going to show you the GOTO BULLS setups that I use every single day for the last 10 years that you can rely on to take in consistent income!

Your getting 2 months of coaching, a 190 page coursebook, a special site where all these classes are archived, and the ability to retake the classes again.

It isn’t just the classes that really help the students.  We make sure that all the Bootcamp members are introduced to each other with not just their life stories but where they are at in their trading lives.  We have a discussion forum for them where they can interact, not just with the coach but also each other. So many amazing ideas are shared and some lifelong partnerships and friendships are formed

We also have a new addition to this Bootcamp!

Anyone who has been trading long enough knows trading psychology is a critical component to success.  This is why BOWS provides you with an added edge, something other trading educators don’t.  To accomplish this BOWs has partnered with Dr. Andrew Menaker, a leading trading psychologist who works with some of the top traders in the world.  BOWs has arranged for each Bootcamp participant to have access and attend lectures by the Dr himself!.  This is one of the many reasons that makes BOWs unique and sets it a part from other trading educators.  BOWS goes the extra distance to help you succeed.  Trading is 90% psychology and 10% strategy.  Once you get your education there is a huge disconnect from doing what you know is right and actually acting on it real time!  All your demons tend to come out when  money is on the line so its very important to get your inner game going before you trade live.

If your interested in this, email maribeth@bullson.ws   she will walk you through anything you need.

Or you can call 601-260-8576

We have flexible payment plans available too, let us know if you need to do installments.

BULLS ON WALL STREET
60 DAY TRADING BOOTCAMP

————————————————————————————————————–

 

Lead Instructor
● Kunal Desai

Assistant Instructors
● Maribeth Willoughby

 

Course Description

This 60 day course teaches a setup-based system to identify and execute profitable day or swing stock trades. Emphasis on risk management and identification of high probability technical setups. Students receive an in-depth review of the fundamentals necessary to navigate the key aspects of trading equities. Key components of the
course include a general trading/market overview, introduction to technical analysis, charting techniques, market cycles, trading styles, identification of patterns/trends,
trade timing, market indices, market breadth, sector analysis, trading psychology, risk management, breakouts/pullbacks, setups, headline and gap trades, trading tools, and additional topical coverage throughout the lectures. The course covers topics that are vital to decision-making, style, and your general approach to managing emotions while trading.

Organization

1. Class sessions: Class is held via webinar four nights a week for four weeks to cover
the course material. Class begins at 8 PM, EST each night, on Tuesday, Wednesday,
Thursday, and Sunday.

2.The following month students and the instructor meet three afternoons a week, Monday, Wednesday, and Thursday immediately following the market close at 4:05 PM EST. These sessions are an opportunity to go over what’s happening in the market and how to it relates to the material covered in class.
3. After month two, those who have completed the homework requirements will move onto the simulator for a month of paper trading, allowing them to apply what they have learned without risking real money.

 

MATERIAL COVERED:

 

Technical Analysis

>> Technical analysis catalogs market data and establishes a system for finding trade ideas, picking entries & exits, and managing risk. It encompasses nearly all your trading decisions from steps a to z.

a. Value of Technical Analysis

b. Understanding the Dynamics of an Auction Market

c. How to Follow the Flow of Money

 

Charting Basics

>> Charting allows us to see the actions of all traders in graphical format. Charting is the tool that takes what looks like random, chaotic data and forms it into a concise picture. We use charts to determine not only where a stock has been but also where it is going. In this chapter we learn what indicators can be used to confirm positive price action and exactly how we use them. We also learn how to read volume and how it relates to price on a chart. In the end, we will show you how to take these pieces of the chart and tie them together using multiple time frames to build a high probability, low-risk trade.

a. Chart Setup

b. Price/Volume Relationship

c. Intraday vs. Daily Charts

 

Understanding Market Cycles

>> Stocks are either in a period of consolidation or a trending period. As traders, we want to focus on the periods where stocks are moving in a recognizable way. We enter momentum stocks in trends and stay in them as long as they are moving in the direction of the trend. In this section, we will be learning the four stages and cycles that stocks enter. By learning how to recognize these different stages, we become more

profitable traders because we know which style of trading to apply at various times.

a. Accumulation

b. Run-up

c. Distribution

d. Run-down

 

Define Your Trading Style

>> There are three styles of short-term trading: day-trading, swing-trading, and position trading. Do you have a full-time job? What type of personality do you have? What kind of risk are you able to take at this point in your life? These are the types of questions that we will address in this chapter and help you determine which type of trading suites your personality and lifestyle as well as your risk profile.

a. Day trading

b. Swing trading

c. Position Trading

d. Which type of trader are you?

 

Support and Resistance Trading

>> There are multiple types of support and resistance on a chart. Prices move in an auction market from high to low levels because the price is constantly look for its fair value. There is constantly changing supply and demand in a stock due to the many variables and emotions involved in the market. Support and resistance areas are established as buyers and sellers fight for control of the stock. Understanding

the dynamics and reasons why support and resistance levels are established will help you see how to position trades around these levels. In this chapter you will learn the types of support and resistance levels and exactly how to use these areas on charts to make actionable and profitable trades. We will also learn which support and resistance setups have the highest probabilities for the biggest gains.

a. The dynamics of support and resistance

b. Types of support/resistance

c. Daily support/resistance trading for both day traders and swing traders

d. Intraday support/resistance trading for day traders

e. Highest probability support and resistance trades

f. Box Trading

 

Trends

>> A trend can be thought of as the path of least resistance in a stock. There are both uptrends and downtrends in stocks. An uptrend occurs when a stock is making higher highs and lower lows while a downtrend is when a stock makes lower highs and lower lows within a specific time frame. The reason that trends are important is because a stock will lay in its primary trend till a force greater than or equal to it is thrust upon it. As traders the lowest risk and highest reward trades come when you trade in the direction

of the primary trend. Investors, swing-traders, and day-traders all use different time frames to monitor trends. In this chapter we will learn how to identify forming trends, how to identify the strength of a trend, and how to identify when trends are breaking using volume, price action, and indicators.

a. Different types of trends

b. How to identify trends

c. Monitoring trends on different time frames

 

Timing the Trade

>> Knowing how to align charts on multiple time frames is one of the biggest things that separates successful traders from unsuccessful traders. It allows us to look at trades and setups without distortion. Traders must know how to overlay multiple time frames to find precise entries in a stocks trend to ensure high probabilities of success. The highest probability trades come during the alignment of the trend in multiple time frames. In this chapter we will explore how to align multiple time frames, how to determine which time frames are most important for investors, swing-traders, and day-traders, and how to determine exact buy points for a stock using the different time frames.

a. How to read and align multiple time frames

b. Overlaying charts to create precise entries

Analyzing Stock Market Indices

>> The first step in our stock scanning routine is always a general market analysis. Three of out of four stocks will follow the general market trend. Thus if you can go long stocks during market upswings and be in cash or short stocks during market downswings, you have won 75% of the battle. Being a great trader involves timing exact entries for stocks that are at key inflection points. Coupling this with market

timing techniques will add exponential returns to your trades. In this chapter we will discuss the major market indices and their major components, along with how to analyze and trade the market as a whole.

a. Analyzing the general market

b. S&P- our main market indicator

c. Dow Jones Industrial

d. NASDAQ – tech stocks

e. Russell – small caps stocks

f. Analyzing markets to see the current trend

g. Support and Resistance Zones in the Market

h. Recognizing Overbought/Oversold Areas in the Market

I. The Causes of Market Gaps and How to Trade Them

 

Market Breadth

>> Gauging the breadth of the market is how you determine the overall strength and direction of the market. Breadth measures the broad market participation by all stocks and helps you determine if market moves are significant. Traders can deduct the market breadth by reading and understanding the internals of the market, basically what is going on behind the scenes. This is an important skill, as it helps you navigate around your

trades with precise timing. There are five main indicators that you can look at to help you determine the breadth. These are taught and discussed extensively in this chapter.

a. Advances vs. declines

b. Reading Indices

c. 4% breakouts vs. 4% breakdowns

d. New highs vs. New lows

e. Breadth Thrust

 

ETF Trading and Sector Analysis

>> A main part of our trading method is trend trading. If a sector is hot we will ride it. Traders are different than investors in that diversification for traders is bad. We want to be heavily concentrated in the parts of the market where the money is flowing. We can use ETFs to track sectors easily. An ETF is a security that tracks an index, a commodity, or a basket of assets, but trades like a stock on an exchange. ETFs trade just like stocks and can be watched to see which sectors are moving. In this chapter, you will learn the most popular traded ETFs that represent each major index and how to use ETFs to place trades based on market sentiment and movement.

a. Advantages of Trading ETFs

b. Our Favorite ETFs to trade

c. Analyzing Sector Strength Using ETFs

Risk Management

>> Risk management is a big part of being a successful trader. Great risk managers understand the importance of only taking trades that have great risk to reward ratios. Great risk managers also understand the importance of sizing their positions correctly according to the type of trade they are taking and what is going on in their surroundings. In order to maximize your profits and manage your downside risk you must fully understand numerous factors about the market. You must be able to analyze the market

in such a way that you can determine when it is in your best interest to hold overnight, or to go home all cash. When it is in your best interest to take large positions or to scale back and only take partial positions. When it is in your best interest to swing-trade or just day-trade. All these factors are what separate good traders from great traders. This chapter will teach you how to determine when you should exercise these

a. Determining Risk to Reward Ratios and Position Sizes

b. Tips on Managing Winning Positions to Maximize Profits

c. Types of Stop Losses and Exit Strategies

d. Managing Your Portfolio Risk in Conjunction with Market Cycles

e. Handling gaps with Proper Risk Management

 

Breakout Trading

>> A breakout is when price moves outside an area of resistance. Whether you trade on a weekly, daily, or intraday time frame, the concepts and strategies are the exact same. There are many traits that must accompany a breakout for it to be a true breakout. In this chapter you will learn what types of breakouts to look for as well as how to know if a breakout is working or if it is a failed breakout.

a. Traits of a Breakout

b. Flat Top Breakouts

c. Base Breakouts

d. Flag Breakouts

e. Intraday Breakouts

 

Trading Pullbacks

>> Pullbacks are the result of a stock falling back after it has reached a high. Often times pullbacks are buying opportunities if the stock is in a strong uptrend. It is important to analyze the traits of the pullback to see if it is just a pause in the up-trend or an actual reversal in the stock. The ideal time to buy these dips is when the stock pulls back to areas of support. These areas of support include moving average support and price support. In this chapter, we will teach you how to spot and play our five go to pullback plays.

a. PB to moving averages

b. PB to price support

c. Breakout/Pullback play

d. 20dma bounce

e. Oversold PB

Classic Setups

>> In this chapter we will discuss the classic chart patterns that every trader should know. These patterns are heavily traded because they are easy to spot and are high probability setups. These patterns are universal and show up on all time frames on charts. This chapter provides in detail descriptions of the key components of these setups and tons of examples for you to review.

a. Double Bottoms

b. Symmetrical Triangles

c. Head and Shoulders

 

Our Go to Setups

>> This chapter is our secret sauce. These are the plays that we have personally named and mastered. We trade these setups over and over again because we have found they have the highest probability of success. If you master the breakout/ pullback plays and these eight go to setups, you can make a living trading stocks for the rest of your life. This chapter provides in detail descriptions of the key components of these setups and tons of examples for you to review.

a. PR Breakouts

b. Earnings Breakouts

c. Earnings Breakdowns

d. Red to Green Moves

e. Rubber-band Snap-back Plays

f. Bottom Bounces

g. Squeeze Zone Plays

h. One Dollar Roll

I. Bear Flags

 

Intraday Setups

>>The setups we’ve talked about so far are found by scanning daily charts and then drilling down to identify key levels of support and resistance on shorter time frames. Doing your homework before the market opens is essential to trading those setups profitably. But, every day there are some stocks that explode out of nowhere, setting up powerful moves that you can trade intraday.

a. Opening Range Breakout

b. Intraday Base Breakout

c. First Pullback Buy

d. Day-long Consolidation

e. 1-2-3 Reversals

 

News trading

>> Some of the most powerful moves in individual stocks come after the release of news, such as earnings reports or PR’s. There are fundamental trades and there are technical trades, but news trades trump both of these. In order to get a 40 or 50% move in a stock, you need a game changer or catalyst to cause the run-up. Some of the most profitable traders are great news traders. The faster you can receive, read, and interpret the news, the better off you will be. This chapter will review our favorite news sources and how you should trade news events.

a. Our Favorite News Sources

b. How to Read and Interpret PR’s

c. PR Breakout Setup

d. How to Read Earnings Reports

e. Earnings Breakouts Setup

 

Trading and Handling Stock Gaps

>>The closing price of a stock is not always the same as the opening price of the stock from one day to the next. Oftentimes a stock’s price will be much higher or lower the next day due to an imbalance to the buy or sell side. The stock gaps in price and leaves a blank spot on the chart where no trading occurred. In this chapter we will help you determine what type of gap has occurred and how you should trade the particular gap. Many times you will be in a stock that gaps up or down when the market first opens. Perhaps the stock gapped below your stop price, what should you do? What if your stock gaps up at the open, should you sell immediately or will the stock run more? These are the types of questions that will be addressed in this chapter. Knowing how to handle gaps can help make you a more profitable and successful trader.

a. What is a Gap?

b. Handling Gaps in Current Positions

c. Trading Gaps

d. Trading Gap Fills in Stocks

Trading Psychology

>> The level of psychological capital you posses will be become a major factor in your success as a trader. This trading psychology material for BOWS students is designed to help you maximize your psychological capital. Learning the set-ups, position sizing and other important facets of trading is obviously critical for success. But what will separate the better performing traders from the rest is the management of psychological capital.

a. Psychological Capital & Risk Management

b. Do You Trade to Avoid Discomfort?

c. Bridging the Gap From Sim to Live Trading

d. A Different View of Discipline

e. Brain as Pattern Seeker

f. The Inner Market

g. Emotional Intelligence for Traders

h. Action Steps & Process Goals

i. Bonus Tips

 

Everything Else

>> In this chapter, we will go over the different trading tools that we specifically use from day to day in our trading. This includes how we setup our trading desk, brokers we recommend, the sources that we use to find information, and the screeners we use to make our watch-lists. We will show you what we do on Sundays and in the mornings to get prepared for the week. Also, any tips that we have from our experiences will be included in this chapter. This will tie everything together that you have learned in this

course and will help you begin the process of learning to trade.

a. Scanning 101

b. Journaling

c. Brokers

d. News Sources/ Blogs

e. Using Our Platforms

…and much more!

 

Text and Required Reading

Bulls on Wall St. Course Book, 3rd Ed.

 

Additional Materials and Resources Included

Weekly Quizzes

Weekly Homework Assignments

Bulls Community Access

Lifetime Access to Recorded Sessions

Trade Reviews and Guidance

The post Trading Bootcamp Starts September 28th! appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/trading-bootcamp-starts-september-28th/feed/ 0
Trading Momentum – Trade Review DGLY https://bullsonwallstreet.com/trading-momentum-trade-review-dgly/?utm_source=rss&utm_medium=rss&utm_campaign=trading-momentum-trade-review-dgly https://bullsonwallstreet.com/trading-momentum-trade-review-dgly/#respond Tue, 02 Sep 2014 01:48:28 +0000 https://bullsonwallstreet.com/?p=29806   [screencast url=”http://screencast.com/t/G1KDkKLeKJau” width=”” height=””]     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 ...

Read moreTrading Momentum – Trade Review DGLY

The post Trading Momentum – Trade Review DGLY appeared first on Bulls on Wall Street.

]]>
 

[screencast url=”http://screencast.com/t/G1KDkKLeKJau” width=”” height=””]

 

 

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.

 

[screencast url=”http://screencast.com/t/J4utCIzUJSE” width=”” height=””]

 

The post Trading Momentum – Trade Review DGLY appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/trading-momentum-trade-review-dgly/feed/ 0
Boom Boom Stocks https://bullsonwallstreet.com/boom-boom-stocks-178/?utm_source=rss&utm_medium=rss&utm_campaign=boom-boom-stocks-178 https://bullsonwallstreet.com/boom-boom-stocks-178/#respond Mon, 18 Aug 2014 00:09:46 +0000 https://bullsonwallstreet.com/?p=29485 Post by BULLS on WALL STREET.         Got my family in town last couple weeks! its been Mom and sun time!  Along with my mom and sister I have a couple students over, Doug and Chris Z so its a packed house! Here are the trades for last week! bit choppy for ...

Read moreBoom Boom Stocks

The post Boom Boom Stocks appeared first on Bulls on Wall Street.

]]>

 

 

 

 

Got my family in town last couple weeks! its been Mom and sun time!  Along with my mom and sister I have a couple students over, Doug and Chris Z so its a packed house!

Here are the trades for last week! bit choppy for me couldn’t get the footing I wanted too for the monster moves…still sizing about 1/2 positions till I get better direction from the market

Having a nice run the last few months in our Part Time Trader Service Paul is doing a great job check out the
free swing trade trial

[screencast url=”http://screencast.com/t/TI1XQ7AVO” width=”” height=””]

The post Boom Boom Stocks appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/boom-boom-stocks-178/feed/ 0
Market Speculator Part Time | Swing Trade Report https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-27/?utm_source=rss&utm_medium=rss&utm_campaign=market-speculator-part-time-swing-trade-report-27 https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-27/#respond Mon, 21 Jul 2014 04:21:21 +0000 https://bullsonwallstreet.com/?p=28829 Quick Summary: The Market Key SPY Pivot Levels: 198.20 : new high resistance, 196.58 20 dma, 193.23: 50 dma Under the Hood and Trading Game Plan: I was not expecting the move on Friday.  Sure, I thought we could get a remount of the 20 dma, but I didn’t think we would also retest the highs. ...

Read moreMarket Speculator Part Time | Swing Trade Report

The post Market Speculator Part Time | Swing Trade Report appeared first on Bulls on Wall Street.

]]>
Quick Summary:

The Market

Key SPY Pivot Levels: 198.20 : new high resistance, 196.58 20 dma, 193.23: 50 dma

SPY 7-18-14

Under the Hood and Trading Game Plan:

I was not expecting the move on Friday.  Sure, I thought we could get a remount of the 20 dma, but I didn’t think we would also retest the highs.  Keep in mind this does not negative any patterns.  We still need to see a break of the highs.  What it has done is change my market bias from negative back to neutral.

Many of the regular high momentum focus list stocks we regularly watch have pulled back to good entry levels near supports.  I have had mixed feelings on how to play these.  On the one hand there are a high number of good pullback setups on low volume.  However, we still don’t know the direction of the market until we get a breakout or breakdown, and the market will greatly influence these stocks.  I have decided to take some shots, again with low aggression.  Position sizes will be smaller.   I am also going to continue to closely watch a few more short setups.

Current Trades

I am still holding AAPL short, and EZCH and TSLA long.  Note that while not on the focus list since they are current trades, they are all still worthy of being on the focus list.

current trades 7-18-14

The Trade Journal (I will fully update tomorrow post market)

The Focus List

Last week we talked about having a few stocks in five different categories to key on, but no real entry level focus list stocks.  With the pullback and many stocks pulling back to key support, or breakouts that have pulled back, I am going to include the regular focus list this week.

Notice on all of my picks, they are momentum stocks that have pulled back quite a bit, but are still technically sound.  Volume on the pullback has not been damaging, and price is either above or remounted major support levels.  Stochastics are usually very oversold.  I won’t comment on it for each setup, just look at the chart annotations.

Most of these are trend pullbacks.  BKS, BLUE and BWLD are differentiated as breakout-pullbacks.

BKS is at the bottom of the breakout bar and holding well.  Entry $21.50-22.15.  Initial Target $23.50. Stop under breakout bar or gap level.

bks 7-18-14

BLUE is a breakout that broke down below the breakout bar, but there is a huge gap so that’s not a concern.  It bounced strong off the 50 dma.  Enter on pullback with stop below Friday bar.  Target at $40-42.

 blue 7-18-14

I’ve already been burned by BWLD twince, but still love the pattern.  Remounted 50 dma.  Enter on slight weakness.  Stop under Friday bar, target as high as $167.

BWLD 7-18-14

CTRN bounced strong off 5o dma.  Enter on weakness.  Target around $23.

ctrn 7-18-14

FB is above the breakout level, but it’s not a breakout due to the low volume and levels of the bar.  Watch for a clean break.  Another entry would be on pullback to the 20 dma.

fb 7-18-14

Another 50 dma bounce play.  Entry on slight weakness.   Target $127.  Stop $115-117.50.

gmcr 7-18-14

Strong remount of 50 dma.  Enter on slight weakness.  Target $30-31.  Stop under breakout bar.

ipxl 7-18-14

Z is not the best setup due to concerns about pullback volume.  However, there is so much room to move you can get a really good reward to risk–this makes it worthwhile for me.  Entry at $123, with a sto at $120 and target at $134 gives 3:1.  If target is the old high you’ve got 7:1.

z 7-18-14

I am not ready to set buypoints here, but these are a few of the short setups I am watching.

shorts 7-18-14

Market Leaders

These are stocks that I always watch, though they might not be in my tradeable watchlist, nor are they actually always leading the market.

GOOGL broke out nicely post earnings.  We will watch this closely, as I expect it will be a focus list stock soon.  Many here are on our focus list, and those that aren’t are still technically healthy.  For the market to break, these will have to start breaking as well.

market leaders 7-18-14

Please read the post 23 Laws of the Part Time Swing Trading the Market Speculator Way.  It is important to know these rules if you trade off the Report.

New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter (twitter.com/PaulJSingh). 

The post Market Speculator Part Time | Swing Trade Report appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-27/feed/ 0
Market Speculator Part Time |Swing Trade Report https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-26/?utm_source=rss&utm_medium=rss&utm_campaign=market-speculator-part-time-swing-trade-report-26 https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-26/#respond Fri, 18 Jul 2014 06:23:18 +0000 https://bullsonwallstreet.com/?p=28779 Quick Summary: Thoughts on charting, big money and inside information.  SPY and IWM analysis.  DAL added as short setup.  Key oversold bounce setup levels for market leaders. The Market Key SPY Pivot Levels: 198.20 : new high resistance, 196.47 20 dma, 193.02: 50 dma Under the Hood and Trading Game Plan: We have been waiting for ...

Read moreMarket Speculator Part Time |Swing Trade Report

The post Market Speculator Part Time |Swing Trade Report appeared first on Bulls on Wall Street.

]]>
Quick Summary:

Thoughts on charting, big money and inside information.  SPY and IWM analysis.  DAL added as short setup.  Key oversold bounce setup levels for market leaders.

The Market

Key SPY Pivot Levels: 198.20 : new high resistance, 196.47 20 dma, 193.02: 50 dma

SPY 7-17-16

Under the Hood and Trading Game Plan:

We have been waiting for a day like today.  A day where we get a good clue in finding out what the market wants to do.  SPY backed off from highs and took out the 20 dma with ease.  The key here is that it was on high volume.  Even if we bounce here, I believe we are still in pullback mode and the 50 dma will come into play soon.  That is my current market bias, that we will get to the 50 dma.

Does that mean we load up on shorts here?  No.  The move today was too big.  However, if we get a bounce to the 20 dma, or even a little higher, I will deploy a few short positions.

IWM broke the “line in the sand” we talked about yesterday at $114, easily taking out the 20 dma.  It is now sitting right at the 50 dma.  It is tough to short here, but a bounce would be a good opportunity.

Notice on this chart the “hammers” or long tail candles that have been circled at support levels.  These have been fantastic areas for getting long.  We will stalk these candles at support levels and try to enter near the close of the day when they develop.  They could print anywhere in the $108-111 range.

So if trading IWM, the trade is to short strength and enter on extreme weakness, best when hammers have formed.  For those looking for extra leverage, use TNA or UWM to go long, and TWM to short (you short by going long TWM).

IWM 7-17-14

While I have noted some trades around the indexes, this is no time to get aggressive.  We can still let things play out more.  I am going to look at the indexes and some oversold bounce (rubber band) plays for individual equities, along with shorts on pullbacks to resistance, but these will be smaller positions and I will not be using even close to all of my capital.

Thoughts about Charts, Big Money and Inside Information:

Often you’ll hear some money manager talk down on trading charts, or you’ll have someone say your analysis on SPY was “lucky” because of the Malaysian Airliner event (this happened to me today).  While charts may not be the be all end all, they offer clues that you just can’t find anywhere else.  They offer clues to what the big money and insiders know.  Did they know an airliner was going to get shot down today?  No, I am not that much of a conspiracy theorist.  However, I do believe that certain “very important persons” were privy to more information, inside information, that tensions were on the rise and that there were increased odds that  *something could* happen.  That was reflected in the charts, even while we were reaching new highs.

The charts helped us prepare.  They were speaking to us, letting us know it was time to pullback a little.  That something was going to happen.  That is why we have been less aggressive (and some of you wisely not trading at all), over the past week.  Losses, while more numerous than normal, have been kept to a minimum.  In time the charts will talk to us again, letting us know when to get aggressive (either short or long).  We’ll be ready when that time comes.

Current Trades

I am still holding AAPL short, and EZCH and TSLA long.  AAPL is breaking down just as our negative divergence setup predicted.  Those looking to enter still can on slight strength.  EZCH is holding the breakout range.  TSLA is close to stop out, but the pattern is still fine.

Today I also entered, and was stopped out of DUG.  This one was frustrating as the analysis was spot on, we just got stopped out before the stock bounced back.  It happens . . .

I talked yesterday about stop gunning and I fear this is what happened with DUG.  Notice that the low today was just under the low from yesterday, right where many likely had stops.

current trades 7-17-14

The Trade Journal 

The Focus List

Last week we talked about having a few stocks in five different categories to key on, but no real entry level focus list stocks.  With the pullback and many stocks pulling back to key support, or breakouts that have pulled back, I am going to include the regular focus list this week.

CODE has pulled back and still looks good.  I would allow for a deeper pullback due to market conditions.  Same goes for BKS.  EZCH is still holding support.  MATX is still a nice breakout setup, but with market conditions I would wait for a pullback into the gap fill area to increase the reward to risk ratio.  GWPH is right at a key support level at $80.  If that breaks it would become a good oversold bounce setup in the low to mid 70s.

Note that KS is a short setup–but not near entry right now.

focus list 7-17-14

New Additions:

We’ve had DAL on our shorts watchlist recently, and today it broke down off a textbook breakdown-pullback setup.  I would like to short it on strength.

dal 7-17-14

All of the stocks in the shorts category below are in the midst of forming nice setups.  I am watching them closely.

Here are the categories we started watching during last week’s pullback.  Click on stocks for charts.

1) get extremely oversold and near major support for bounces (rubber band setup) I am not just looking for oversold readings here, I am looking for extremes.  We are not there yet on most of these.  There needs to be more selling, price nearing important support levels, and extreme readings.  At that point we increase the probability of a bounce.  If SPY can pullback to the 50 dma (see chart below), a bunch of these will setup. GWPH, IPXL, KS, EZCH, Z, TWTR, YY, Z, TSLA

2) stocks and sectors that are holding up well (possible rotation or new leaders) Energy, metals, gold, silver, apparel BKS, FANG, PTRY, BWLD, CTRN, TAP, CODE, GMCR, X, FCX, XOM, COP, CZRO, NOV, CLR, AA, MATX

3) stocks that reverse off big down days intraday (hammers) UAL, LUV, JBLU

4) Select shorts AAPL, AKAM, KS, SDRL, GRMN, MSM, SDRL (GOOGL removed)

5) Pullback shorts (bounce to resistance after big drop–often was a rubber band trade) We need to wait and see for this list.  Many will come from the stocks that bounce after extreme drops.  Big Drop – – -> bounce – – -> short setup if bounce on weak volume and price action

Market Leaders

These are stocks that I always watch, though they might not be in my tradeable watchlist, nor are they actually always leading the market.

I was actually rather impressed with how our market leaders held up.  Usually big momo stocks like these get hit very hard.  We did not have any technical breakdowns.  I actually would have liked to see a few to get some rubber band (oversold bounce) plays in motion.  Right now I am targeting TSLA at 200, AMZN at 330, NFLX at 400, FB at 62, GOOG around $560 and Z at 110.  We likely only hit these numbers if SPY pulls back near the 50 dma.  If it does, it wouldn’t be until next week.

market leaders 7-17-14

Please read the post 23 Laws of the Part Time Swing Trading the Market Speculator Way.  It is important to know these rules if you trade off the Report.

New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter (twitter.com/PaulJSingh).  

The post Market Speculator Part Time |Swing Trade Report appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-26/feed/ 0
Watch List 07/14/2014 https://bullsonwallstreet.com/watch-list-07142014/?utm_source=rss&utm_medium=rss&utm_campaign=watch-list-07142014 https://bullsonwallstreet.com/watch-list-07142014/#respond Sun, 13 Jul 2014 16:50:45 +0000 https://bullsonwallstreet.com/?p=28670 Slow summer trading day on Friday as both SPY and QQQ bouncing 20 day moving average. Another great week in Bulls chat with real time trade alerts gaining $7,800 for the week.  If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course.  Our program ...

Read moreWatch List 07/14/2014

The post Watch List 07/14/2014 appeared first on Bulls on Wall Street.

]]>
Slow summer trading day on Friday as both SPY and QQQ bouncing 20 day moving average. Another great week in Bulls chat with real time trade alerts gaining $7,800 for the week.  If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course.  Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies.  I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition.  The class is one of a kind, see why you should sign up for the course here .  You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders.

Also if you are interested in our trade alert services check them out here.

Follow me on Twitter @szaman
and on StockTwits @szaman

ANET Trend line break out watch.
ANET Trend line break out watch.
BDSI Breakout watch.
BDSI Breakout watch.
DDD Holding onto that 20 MA here.Watch for a move either way.
DDD Holding onto that 20 MA here.Watch for a move either way.
EDAP Continuation watch over 5.58.
EDAP Continuation watch over 5.58.
FEYE 50 MA resistance so far. Watch for a move either way.
FEYE 50 MA resistance so far. Watch for a move either way.
QIWI  Range break watch.
QIWI Range break watch.
SUMR Breakout watch.Better if it waits a bit.
SUMR Breakout watch.Better if it waits a bit.
WDAY Indecisive action here. Watch for a move either way.Similar pattern in DATA,SPLK.
WDAY Indecisive action here. Watch for a move either way.Similar pattern in DATA,SPLK.

The post Watch List 07/14/2014 appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/watch-list-07142014/feed/ 0
Market Speculator Part Time | Swing Trade Report https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-20/?utm_source=rss&utm_medium=rss&utm_campaign=market-speculator-part-time-swing-trade-report-20 https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-20/#respond Fri, 11 Jul 2014 01:16:05 +0000 https://bullsonwallstreet.com/?p=28629 Quick Summary: SPY holds 20 dma.  BWLD confusion.  Latin Banks.  Mostly waiting for market to play out.  Holdig DUG and AAPL short. The Market Key SPY Pivot Levels: 198.20 : new high resistance, 195.63 50 dma, 192.02: 50 dma  and old high Under the Hood and Trading Game Plan: If you have not already, please read ...

Read moreMarket Speculator Part Time | Swing Trade Report

The post Market Speculator Part Time | Swing Trade Report appeared first on Bulls on Wall Street.

]]>
Quick Summary:

SPY holds 20 dma.  BWLD confusion.  Latin Banks.  Mostly waiting for market to play out.  Holdig DUG and AAPL short.

The Market

Key SPY Pivot Levels: 198.20 : new high resistance, 195.63 50 dma, 192.02: 50 dma  and old high

SPY 7-10-14

Under the Hood and Trading Game Plan:

If you have not already, please read Monday evenings Report, along with the update with stocks.  It still very much applies.

SPY held the 20 dma today, which is positive but does not predict the future.  We will continue to wait and see if it holds.

The best place we can enter long is a combination of the 50 dma and stochastics hitting oversold levels.  This would give us a strong probability of a bounce trade.

Take note that since mid-May, there have been 4 strong down days (both volume and price), with only one strong up days.  The move has been a “float” to new highs, which does not build momentum.  We have continued to play the float up, but understand that the likelihood of a strong pullback is high.

The game plan is the same.  We mostly sit on our hands until the market gives us some clues.  If taking positions, do so with small position size.

Current Trades

I am currently holding DUG and short AAPL.  I exited BWLD when my stop was hit.

There was some confusion today about BWLD due to my second BWLD alert detailing the bounce.  It was my mistake confusing my BWLD daytrade with the swing trade.  Those of you who were stopped out, I was too.

  Here is the Trade JournalYY, AAPL and BWLD entries still need to be added.

The Focus List

We are doing the focus list a little differently for the time being.  Here are the stocks being watched in different categories as the market shakes out.

Most stocks did little or bounced within range.  Not much setting up yet.  The hammer reversal stocks were all up big (JBLU, UA, LUV).  Today we have 3 stocks that put in big reversal hammer candles: Z, COP, FANG.  If trend resumes, these should mark the bottom for these stocks.

hammers 7-10-14

1) get extremely oversold and near major support for bounces (rubber band setup)

I am not just looking for oversold readings here, I am looking for extremes.  We are not there yet on most of these.  There needs to be more selling, price nearing important support levels, and extreme readings.  At that point we increase the probability of a bounce.  If SPY can pullback to the 50 dma (see chart below), a bunch of these will setup.

GWPH, IPXL, KS, EZCH, Z, TWTR, YY, Z, TSLA

2) stocks and sectors that are holding up well (possible rotation or new leaders)

Energy, metals, gold, silver, apparel

BKS, FANG, PTRY, BWLD, CTRN, TAP, CODE, GMCR, X, FCX, XOM, COP, CZRO, NOV, CLR

3) stocks that reverse off big down days intraday (hammers)

UAL, LUV, JBLU

4) Select shorts

GOOGL, AAPL, AKAM, KS, SDRL

5) Pullback shorts (bounce to resistance after big drop–often was a rubber band trade)

We need to wait and see for this list.  Many will come from the stocks that bounce after extreme drops.  Big Drop – – -> bounce – – -> short setup if bounce on weak volume and price action

I usually don’t add the breakouts/breakdowns that I am watching to the focus list until it is close to entry, but since we are playing the watching game right now, here are a few that I am watching develop.

Breakout: AA, MATX, 

Breakdown: GRMN, MSM, SDRL

Market Leaders

These are stocks that I always watch, though they might not be in my tradeable watchlist, nor are they actually always leading the market.

Lots of meaningless bounces or holding the line.  The healthiest action was in FB.

market leaders 7-10-14

Sector/ETF analysis

Latin Regional Banks . . .that’s where it’s at right now.  It may be time to dig deeper here.  If the market corrects, this, along with airlines, have a chance to be the new leaders.

latin etf

Please read the post 23 Laws of the Part Time Swing Trading the Market Speculator Way.  It is important to know these rules if you trade off the Report.

New subscribers and trial members please leave me any feedback/comments in the comments, via email (singhjd1@aol.com) or twitter (twitter.com/PaulJSingh)

The post Market Speculator Part Time | Swing Trade Report appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/market-speculator-part-time-swing-trade-report-20/feed/ 0
6 Day Trading Myths Debunked https://bullsonwallstreet.com/day-trading-myths-debunked/?utm_source=rss&utm_medium=rss&utm_campaign=day-trading-myths-debunked https://bullsonwallstreet.com/day-trading-myths-debunked/#respond Wed, 11 Jun 2014 23:08:48 +0000 https://bullsonwallstreet.com/?p=27535 In the world of day trading we are often bombarded with various opinions and advice. Some opinions are in accord with each other, some contradict. It’s already challenging enough to keep up with the constantly shifting market. And with all the truths and day trading myths floating out there, this might only add to a ...

Read more6 Day Trading Myths Debunked

The post 6 Day Trading Myths Debunked appeared first on Bulls on Wall Street.

]]>
Photo Credit: kenteegardin via Compfight cc
Photo Credit: kenteegardin via Compfight cc

In the world of day trading we are often bombarded with various opinions and advice. Some opinions are in accord with each other, some contradict. It’s already challenging enough to keep up with the constantly shifting market. And with all the truths and day trading myths floating out there, this might only add to a novice day trader’s confusion.

We thought it would be beneficial to examine 6 myths about day trading. Whether you’re a seasoned day trader or just starting out, read the following 6 myths dispelled.

1. Trading is Just for the Elite Rich

While it’s true that day traders should start with sufficient capital, it doesn’t have to be an extremely large amount of money. A lot of normal folks (read: non-millionaires) can and do get into day trading as a profession with just the required minimum.

According to the U.S. Securities and Exchanges Commission, the minimum equity requirement is $25,000 to trade.

Be sure to also note the following tenants, per the U.S. Securities and Exchanges Commission:

  • This $25,000 requirement must be deposited into the customer’s account prior to any day-trading activities and must be maintained at all times.
  • A customer can’t fulfill this $25,000 requirement by cross-guaranteeing separate accounts.
  • If a customer’s account falls below the $25,000 requirement, the customer won’t be permitted to day trade until the customer deposits cash or securities into the account to restore the account to the $25,000 minimum equity level.

This is a high barrier of entry. 25k is the minimum and you will need a huge buffer as your skills when your new will be incomplete.  Without a great support system and continuous education its very difficult to win especially if your undercapitalized.

2. The Market is Rigged Against the Small Trader

There’s a myth that the market is rigged against the small trader but in reality the smaller trader is more likely to be more nimble and agile within a fast-moving market.

When a small trader is steeped in research, can react quickly and intelligently and sticks to their proven style, he can be profitable—even against the big guys.  Yes there are HFT’s and algos and all sorts of other boobie traps in the market.  They are designed to take money from the uneducated retail trader.  Those with knowledge and world class tools can use those things to our advantage and actually profit from them!

3. Day Trading is Gambling

If you feel day trading is just like gambling, you’re setting yourself up for some potential disastrous results down the line. Day trading is not all about chance like the roll of the dice, flip of a card or a spin of the wheel. Variables and factors such as research, rationality and reason come into play and are taken into consideration. Unlike gamblers, day traders are armed with information such as facts, figures, past performance and other analysis.

Day trading is a job; it involves hard work and time. Traders will look at money management and risk control while gamblers are praying for luck and chance. A great day trader in a given month may only have 1 or 2 losing days and a handful a year.  What I do is a numbers game and I know if I do the right thing 10 times in a row I will win 7 times. So i may have a few losing trades in the morning but if i keep hustling and doing the right thing at the end of the day I will come out on top.

4. You Need an MBA

While a Masters in Business Administration can augment your business knowledge, it’s not completely necessary to have an MBA to be a day trader. Most successful day traders don’t have an MBA.   Day Traders are entrepreneurs they are businessmen.   A majority of people go to get their MBA’s so that they can go get better jobs.  We have 20 employees now between our different businesses and only one guy has an advanced degree!

When I interview people for our company or look for traders I want to see people out there hustling and building things. expanding their skill set not sitting in a classroom with a book.  You will see in a handful of years beyond very specialized things like doctors etc most college education will be obsolete. They will move college to a shorter more focused vocational style training and your starting to see that now with all these online type virtual learning centers.

5. Beginners are Expected to be Profitable

Unless it’s a great market where junior traders start turning profits immediately, beginner day traders are not expected to be profitable.  The hardest part of trading is learning to make 1 DOLLAR! Learning not to lose is the hard part. It takes so much effort just to learn to finish in the green.  Once you can consistently learn to make just 1 dollar then its a lot easier to scale it to 100 dollars and then more.  T

he easy part of trading is when you can make 100 dollars a day and then scale it to 1000 dollars. That is just a matter of size & frequency.  Unrealistic expectations are a killer of new traders.   When you start out you have this preconceived notion that your going to make all this money as you have seen others do it. Its whats called the HEDONIC TREADMILL (Dr.Menaker)  The always wanting more gets the new trader, 100 dollars is not enough 200 dollars is not enough and so on. So what happens is they just end up taking losses.

The learning curve is huge! This is why training your trading skills is so important but also training your mind.  We have a trading psychologist Dr. Menaker on staff for our Bootcamp to help scrub our classes & do webinars.

6. High-Frequency Trading (HFT) is Making Day Trading Obsolete

With highly sophisticated computerized trading that can make decisions in a millisecond, the old Man vs. Machine scenario comes into question. The game is not lost to human traders—if they trade smarter..

Overall day trading involves hard work, time commitment and the ability to respond quickly—and also a level head. Seasoned day traders can tell you some war stories that will send fear into your core, but a lot are able to control their emotions during the many ups and downs that are part of the industry.

Join Our Next Free Chatroom Day: Watch Us Day Trade Live

Our free chat days allow you to watch Kunal day trade live on screen share. You will also get to see a swing trading market recap with Paul Singh. Watch all the day trading setups and trades we take in real-time, and see all the scans, charting layouts, and other gimmicks of our trading style!

Click Here to Sign Up For Our Free Chat Day

The post 6 Day Trading Myths Debunked appeared first on Bulls on Wall Street.

]]>
https://bullsonwallstreet.com/day-trading-myths-debunked/feed/ 0