LULU Gap Down

Now this was a quick scalp trade as $LULU found support at the exact same spot as it did the previous day, $50.50. So before I entered the trade, I needed to make sure that I had a strong enough edge to make the trade worth taking.

Taking a look at the 1 minute chart, the stock popped up to $51.40 early on. But it also setup an Opening Range Breakdown pattern underneath the $51.15 level. Once the stock broke under I entered for a short. I lost a few cents to slippage but got in at $51.10. Immediately the stock tanked all the way down to $50.50 and I scaled out along the way. Once the stock started to bounce, I exited all of my shares and I’m not surprised. If you take a look at the price range from the previous day, LULU bounced off of support at this exact level, $50.50.

Although this was a short scalp trade, it’s always worth it to keep momentum trades on your radar for another day. This was actually my first trade of the day. Starting off the market with a calm, calculated, and profitable trade sets you up for the rest of the day. If you really want to learn every aspect of my trading system though, the Bulls Bootcamp is the way to go. It’s an intensive 60 day course to teach you exactly how I trade and why. To learn more or signup, email me at kunal@bullsonwallstreet.com today!

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LULU Gap Down

When trading stocks you always need to be patient and disciplined, and the same rules apply when you’re entering for a short. Wait for the pop, don’t jump in right away. Once the stock opened, it popped to $53. But then it started to roll over and dip below the intraday chart’s 9EMA and the VWAP. Once the price broke underneath, it was the spot to short. A few students saw the setup and called it out at 52.30! If you missed that move you could’ve shorted it when it broke the lows of the opening range breakdown underneath the $51.75 level.

Later on, LULU had a few more setups for some strong gains. Throughout the morning it had trouble overtaking the VWAP and continued to show weakness. Eventually, the stock couldn’t take it anymore and by 10:45AM, all support levels were broken. It continued to fade the rest of the day all the way down to $50.50. Even after the initial move takes place, always keep a hot stock on your radar. You never know how much you can end up making!

If you’re not sure of the setups and price patterns that we’re talking about you can learn them all here at our Bulls Bootcamp. It’s an intensive 60 day course to teach you exactly how I trade and why. To learn more or signup, email kunal@bullsonwallstreet.com today!

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

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

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

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

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

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