We get hundreds of inquiries about our 60 day trading bootcamp so we thought we would share some more insight into what exactly goes on during those two months of intense stock trading education. There are many great components that go into our classes including live webinars with Q&A’s at the end of each one, a proven course format, experienced instructors, and so much more.

Below are 5 key factors included in our bootcamp that are vital to your trading success.

Trading Plan

In our bootcamp we teach our students all of the various strategies for capturing a winning trade. But at the end of the bootcamp we also require them to put together an actionable trading plan of what they learned. This plan acts as their guide for implementing their knowledge in a real market. It gives you, the student, more clarity and focus into your trading strategy. Once submitted, these plans are evaluated and once a student is given the green light their ready to start trading.

Market Recaps

After the close of the market my students are invited to join me for a market recap session. This is where I reflect on the major moves that happened for the day. Then we’ll evaluate the best ways a trader could have made these trades. I also review all the trades that I’ve made and give myself a self evaluation of the day. Finally, students who want a second opinion on their actions or stocks that they’ve looked at can bring their trades to the table.

Swing Strategies

All trading strategies we teach can be applied to different time frames. Whether you’re a day trader or a swing trader this bootcamp teaches you what you need to learn. For those with full time jobs looking to be a part time trader, our swing trading lessons will help you learn how to manage both and do it successfully. We have our own swing trading expert and my personal mentor Paul Singh to lead the swing trading division. For the swing trading students, Paul provides his own market recaps, trade alerts, and classes.

Patterns to Trade in All Markets

Everything you learn in our bootcamp is applicable to different markets. Do you prefer futures, options, or heard any exciting news on cryptocurrencies lately? What makes our educational course vital is that we focus on the core principles of successful trading. This includes risk assessment, momentum scanning, and trade management. The lessons you learn here can very well be applied to all markets of trading.

Community

Finally, joining our bootcamp gives you a lifetime membership to our online and offline community. Here traders can reach out and connect with like minded people to share trades, tips, stock alerts, but most importantly encouraging support! These are just a few advantages to being part of a trading community as opposed to going at it alone. Having support from similar people can cut down on years of development time that you can use to grow your trading account.

Our next bootcamp starts October 12th. It’s an intensive 60 day course that teaches you exactly how we trade and why. To learn more or to signup, email me at kunal@bullsonwallstreet.com today!

The post We Prepare You For Trading Success – Here's How appeared first on Bulls on Wall Street.

We have a real treat for you today. Exclusively for our bootcamp students we hold live market recap sessions where we review the biggest moves of the day and my personal trades. Today we decided to share our recap session with the public so you can get a taste of how we dive deep and analyze our trades for the day.

SPY

The first thing we do in each session is take a broad look at the overall behavior of the market. On July 13^th, we can see that the market is pushing up towards its all time highs. For the last month, the SPY has been consolidating by setting up for a huge flag. But after this recent push, it won’t be surprising to expect a rest for the next few days. Overall, all you can really ask for is a strong market and that’s what we have. We saw a similar move in Nasdaq after its distribution making run to possibly $142 in the next few days.

TGT

I caught some decent trading action for my first trade of the day being Target. TGT gapped up into resistance, so my thinking was actually to short it. These retails stocks that have been gapping have been giving back its gains. As it spiked up, I shorted it covering some at the 9EMA. When it held this MA and the gap didn’t fill I realized it would hold. I covered and got out.

AAOI and LITE – Flag Patterns

I took two flag patterns in AAOI and LITE. AAOI stock gapped up on earnings. So after it pulled back to the 9 EMA and broke over VWAP I added 300 shares. I sold off half into the first spike taking a dollar, and then kept half. I anticipated another break out so I re-added, only to get hit with a huge $2 red candle stopping me out once it fell under the VWAP. But as it started to round and flag, I hit the setup at 500 shares and sold off half into the next spike. As it reflagged up top I re-added, selling for a bit of profit.

LITE is a sympathy play as it’s in the same sector as AAOI and runs at the same time. After it gapped up, LITE pulled back but then ramped up hard. I missed the first move but as it flagged with the 9EMA underneath, I hit this flag break with 600 shares. I scaled out into the spike. But as it came back and started to flag again, I re-hit it once more. Remember, you have to keep the daily chart in mind. So I sold off most of my shares near intraday highs knowing that there was a strong resistance level there.

NVDA

NVDA had a big spike at the open, breaking the top of its upper Bollinger Band. This signals a classic rubber band short setup. You can see in midday that NVDA started to make lower highs before it started breaking down. When the MAs are curling right on top of the price, and broke support I took a short with a stop above the EMAs. Boom, it immediately flushed down.

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 me at kunal@bullsonwallstreet.com today!

The post Market Recap: Implementing Day Trading Strategies For Profits appeared first on Bulls on Wall Street.

We here at Bullsonwallstreet have a new feature, Ticker Reviews where you can submit any ticker of interest and I will personally review them for you. Recently, we had a whole slew of requests and so I wanted to review the hottest ones. This is a great way to get inside my head on how I dissect the stock from different angles and share some valuable information with my students.

NFLX

My student Joel asked whether I would go long on NFLX. NFLX is an interesting stock because after the big dump in the technology sector, NFLX had a low volume bounce. It got smoked again after its bear flag. This is a stock that we cannot long just yet. Although the longer term trend is strong, on a short term basis NFLX is very bearish. We don’t have any evidence that the previous support level will hold on a short term basis. If I were to long it, I would definitely stay away for it until it develops into a pattern. It needs to essentially begin trending again before taking it long

C

Andrew sent me a message about C, Citigroup. Bank stocks are slow, with a float at 3 billion shares. But on the long term basis it is really bullish. It had a flat top breakout after testing it multiple times. One way to tell if it can move higher is to ask what’s its first pullback and makes a higher low. Once it flags out again, it breaks out indicating that its a really solid chart for a higher move.

Gold

Robert asked me about Gold such as NUGT and JNUG. Gold’s long term chart is really muddled. When a stock is just in a range moving back and forth, it doesn’t give you an edge. The moving averages are criss-crossing, not doing anything.  Gold has just been in a nasty range for a long time. Even on the 3X ETF NUGT, you can see the same  behavior. At the moment there’s no reason to long this, but if it breaks support it can provide a great shorting opportunity down to $21.

ZENO

Alex asked about ZENO, which is something I would stay away from. There’s no volume in it, dying out after its huge run. Once these stocks die, they die for a long time. I would look for something better, but if you’re in it now I would just leave it with a stop price.

These are just a few of the many stocks that students have asked me to review. Watch the video to get the full scoop. If you have a ticker request that you would like to have reviewed, submit them over at our Personal Ticker Review. For everybody else, 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 me at kunal@bullsonwallstreet.com today!

The post Ticker Reviews #1: Kunal Reviews NFLX, GOLD, ZENO, SQ, DCTH, TSLA + More appeared first on Bulls on Wall Street.

TSLA looking parabolic

On Tuesday June 8^th, I posted that $TSLA was beginning to look parabolic. That means that after a series of consecutive runs, a stock gets exhausted and is ready for a pullback. But the more extended a stock’s run, the more volatile a drop can get. $TSLA is no exception and after its run from $310 to $370 a hammer drop was ready.

Stalking $TSLA intraday, we saw that it was struggling to get above $376.75. Once the stock finally broke below this weak uptrend it was time to take a shot. I shorted $TSLA at $374.25 with a stop above the consolidation. Although it didn’t happen right away, I had the conviction to hold onto the trade. Finally, an hour later, $TSLA began to crumble. Only entering with just a couple hundred shares, my first cover was at $371.50. Then I covered 100 to 50 shares after every flush. With no end in sight, I rode it all the way down to $361 until finally closing his last 50 shares at around $355.50. That’s a total of $19 in gains, making this one of our best trades for the year!

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 me at kunal@bullsonwallstreet.com today!

The post How We Hammered The Parabolic TSLA Short appeared first on Bulls on Wall Street.

Recently we had our mentorship group at my house in Florida to trade in person and refine everyone’s plan. One of my most promising students is a man from Finland named Henrik. Henrik spent two weeks at my house since he came all the way from Finland which was an 18 hour journey for him. During this two weeks he was up and down which gave us an opportunity to identify his strengths and weaknesses even further then we already had.

One of his main problems was trading setups that weren’t working for him due to FOMO (fear of missing out). We implemented some things that would deter him from doing that and it resulted in him having his best week yet when he returned to Finland.

This is what Henrik had to say:

“I really think it comes down to one thing which is focus on what works previous weeks and do that. Couple of weeks back I wrote down what worked but then I didn’t do those things, I did exactly the opposite.
My Go-To setups are the Earning/PR plays and I played only those this week. Opening range Breakdowns/ Breakups, bear flags, flags, R/G, G/R moves. I also added one more setup to my arsenal which is the gap fill play and I succeeded very well on that setup.”

His overall P/L for the week was $1196! Nice job Henrik!

Here is Henrik’s P/L by the trade and some examples of trades he took for the week of May 1-5:

Monday

Tuesday

Wednesday

Thursday

Friday

Do you want to become our next success story? Fill out our Trader Assessment Form and we will be in contact with you to explain our courses and how they can help you reach your trading goals.

The post How This Mentorship Student Had His Best Trading Week appeared first on Bulls on Wall Street.

If you didn’t know, in addition to our live trading bootcamp, we also have a more exclusive mentorship program. This program is a very small group of dedicated traders. I work with them one on one to perfect their own trading style. We also meet every morning as a group to go over watchlists and stay in contact through the trading day.

Last week I had the honor of meeting them as they came down to my place in Florida for the week. The best part was they came from all over. Henrik from Finland, Simon from Sweden, Vince from New Jersey, Mrs. Jolley from Dallas, Cody from Venice, The Larkin sisters from Utah, Charles from Austin, Chris from Colorado, Billy from South Carolina, and Todd from New York.

It was great getting to know them on a more personal level and learning about all the interesting things they have done.

Henrik travelled through Asia after finishing school and competed in the World Fencing Championships.

Simon travelled through the USA going coast to coast on a Harley Davidson.

Vince was a top hairstylist on Madison Ave as a go to hairdresser for the rich and famous.

Mrs. Jolley built and sold her own business.

Cody works in the entertainment business and frequently travels through Europe and attended the Cannes Film Festival.

The Larkin sisters own a clothing store and have recently sold it.

Charles works for IBM and travels all around the world, selling servers to large businesses.

Chris owns his own software company.

Billy is a real estate developer and experienced the highs before the crash and lows after it and got through it all.

Todd is a corporate attorney in New York City and owns his own firm.

Meeting everyone and learning more about them made me realize how fortunate we are to be in a group of this calibre. Also, it made me think of the type of person that joins a more exclusive group and commits to it. They’re all confident individuals that have achieved success outside of trading and have always looked for a new journey or adventure. Whether it was starting a business or traveling around the world, normality isn’t in the cards for them.

Now they have looked to trading as their next mission and are willing to do whatever it takes to achieve the success they want. Henrik and Simon travelled 18 hours to come to my place. Others left their families and jobs. Overall it was an amazing week filled with lots of trading, learning, great conversations, and plenty of fun. We will definitely be bonded for life through this experience.

Here is the schedule we all did together:

Sunday we started off with a class on building watchlists and we discussed each other’s lists. Henrik also showed us how he tracks his trades.

Monday to Friday we woke up bright and early (Billy was always the first one up) and went through the morning gappers, narrowed down our watchlists, and started to trade. My housekeeper Wanda would make us all breakfast whether it was bacon and eggs or shrimp and grits.

As each of one of us was done trading for the day we would begin to make our way to the beach. Usually Charles or Cody would pack the cooler with drinks and we would have some fun.

Every night we would have class and go over everyone’s trades for the day. As the week went on, as a group we identified specific weaknesses in everyone’s trading and established accountability partners to make sure each person stuck to their own trading plan.

On Wednesday night I set up a bonfire on the beach and hired a company to cater food for us. It was a beautiful night by the fire especially once the s’mores came out.

All in all, it was a fantastic week.

If this sounds like something you would like to participate in then go to our Trader Assessment form and fill it out. We will contact you to discuss the details further and see if you’re the right fit. We don’t take everyone since it is a small group so we like to have a discussion and make sure it is the right fit for both of us.

Here are some more pictures from the week.

The post Great People Do Great Things – Summer Bootcamp With Mentorship Students appeared first on Bulls on Wall Street.

A brokerage account with deposited funds

Ok well let’s get the obvious out of the way, because it still needs to be mentioned. In order to place any trade you need to have a brokerage account that will execute your orders. In order to place trades you need to open a brokerage account with deposited funds. Make sure your account is a margin account, so that you can borrow shares for shorts and trade with higher buying power. You must have all of these set in place so that you can worry about the market on your first day, not the logistics of trading.

A trading plan

A trading plan is one of the most crucial yet overlooked aspects to trading. Without a trading plan, you’re susceptible to randomness and trading based on your emotions. Develop a trading plan while you’re on the simulator to get a good feel of what setups you’re good at and what you’re not. Practice and fine tune your rules so that they accommodate your personality and your lifestyle. If you don’t currently have a concrete plan in place, then you’re not ready to trade live.

A watchlist

What are you planning to trade on your first day? Make sure that before you begin that you have a watchlist or at least a plan to scan for stocks before you trade your first day. Don’t leave anything to chance by jumping into a random or unplanned trade. Having a watchlist lets you focus on the best stocks to trade before the market actually opens.

A charting software

You need real time charting software, because without one you’re practically trading blind. Make sure that whatever software you decide to go with is one that makes you 100% comfortable. Tweak the design, layout and indicators to your liking. Remember, you will be staring at this screen for the next 1000 hours. Make sure appealing to your personal sense of design and functionality. And finally, make sure the data is being sent to you real time. If you are seeing a delay, the software is unreliable.

And there you have it, the most important things you need in place before you take that big first step. 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. 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!

The post Checklist Of Things You Need For Your First Day Of Live Trading. appeared first on Bulls on Wall Street.

Trading Psychology: The Missing Link

There is a ton of advice on trading setups out there in the blogosphere. Some of it is good, most of it is bad, but none of it impacts your trading as much as your own trading psychology. The “mental game” is usually the missing link that keeps a trader from trading profitably.

Why is trading psychology so important?

It is because human beings are not wired to trade. Our brains are constructed to perpetuate survival, not make money. That is why so many traders know exactly what to do to make money, but still do the exact opposite. Thousands of years ago, surviving in the state of nature did not require long term thinking, assessing probabilities, managing risk or handling draw downs. Instead, it required immediate action.

Here are 5 tips to fix your mental game and increase your profits.

Tip 1: Embrace Small Losses

Dealing with losses is emotionally the toughest thing a trader must deal with. Losses impact our emotions when we take a big loss, are in the midst of a ten trade drawdown, or get stopped out of a stock that immediately reverses and ends up hitting our planned target. The loss trigger leads to revenge trading, micro-managing, poor decision making and a number of other trading psychology pitfalls.

Fix the loss trigger by embracing small losses. Remember that small losses means you are doing something right. You are sticking to proper risk management. You know that these losses mean nothing if they are sandwiched by some bigger wins.

Tip 2: Think About Your Next 100 Trades

Many traders live or die by their next trade. While we analyze every trade, our overall guiding focus should not be gains and losses in the moment, but over time. Don’t worry about that one loss. This leads to recency bias that will reek havoc with your mind. Remember, in the grand scheme of your trading, that one loss is meaningless. Instead, think about, no obsess about, the next 100 trades. This will keep you focused on the process and not short term results. Remember, we are trading probabilities and sometimes you will lose on good trades. A drawdown does not mean you are trading poorly. Do not let good trades with poor short term results impact your trading psychology.

Tip 3: Fight Fear By Reducing Risk

Putting on a trade can be scary. Your hard earned cash is on the line, and you do not want to lose it. Anybody who has traded a paper account with success and made the move to real money knows the impact fear has on your trading. Fear manifests itself in trading by making it difficult to pull the trigger on a trade, exiting before hitting targets, pulling out of trades before the stop is hit and other micro-managing issues. If fear is showing up in your trading, reduce your risk. The smaller the potential loss, the less scared you are of the trade. For example, if you usually risk $200 per trade, lower it to $100 until the fear goes away. Then slowly increase risk in small increments until you get back up to $200 and no longer fear the trade.

Tip 4: Fight Greed By Partial Profit Taking

The opposite of fear is greed. While we love the challenge and strategy of trading, ultimately we are in this game to make money. This makes us greedy. Greed impacts traders in two major ways. The first is by making our targets too aggressive and illogical. For example, let’s say you enter a stocks at $90 with a target just under resistance at $100. As the stock hits $100, you think to yourself that you’ll hold on longer, it’ll hit $110 and you’ll double your profits. The sounds great but you set your target at $100 for a reason. Your stock will likely pullback at the resistance level. Thus, pretty soon that $10 profit is $5 or you lose it all. Greed turned a winning trade into a loser. Fix this trading psychology leak by taking partial profits. In the current example, take half off at $100, move your stop up to $95. This keeps you strategically sound while also letting your greed play itself out in a positive way.

Tip 5: Fight Greed By Reducing Position Size

The other way greed manifests itself is when a trader trades too big by increasing position size. The trader thinks if she can make $1000 off 100 shares, by doubling the position she can double the profit. While this is true, she is commiting trading suicide because not only is the trader increasing potential profits, but also potential losses. A small drawdown no longer is insignificant, but leads to losses that are hard to come back from. The way to combat this common emotion is to religiously stick to your risk rules. If you have identified $500 as your max risk, you will never take a position size that increases that risk. This is the only way to protect your account. Remember, winning traders play defense before offense.

Conclusion:

Sound trading psychology is essential to becoming a winning trader. Humans are not wired to trade effectively, so we must attack the mental game as hard as we do when learning the markets and trading setups.

Take some time to identify your own trading psychology weaknesses. If mental errors like fear, greed, recency bias or issues with taking losses show up in your trading, implement the trading psychology fixes in this article and watch your results improve dramatically.

Swing Trade Service

This swing trading service is great for those that work and can’t monitor the computer all day. We have in-depth nightly reports on the gameplan for the day/week and all stock picks that I trade will be alerted and emailed to you.

Check out the Swing Service HERE

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

The post 5 Tips To Improve Your Trading Psychology appeared first on Bulls on Wall Street.

Gap and Go Trade Example

Our prime example is $ESPR, a biopharmaceutical company released news of its drug the previous night. It turns out the FDA recently approved of one of its key drugs in after a positive clinical trial. For a pharmaceutical company, any positive FDA news report is great news. Overnight the stock jumped 27.33% with a lot of premarket volume behind it.

Right out of the gate $ESPR started showing strength. Looking at ESPR on the 1 minute chart, you can tell that there was a lot of bullish sentiment in this stock with a lot of opportunities to trade. The first setup was an Opening Range Pattern (ORB) with an entry at around $33.70. If you missed that one, another ORB developed immediately after at $34.20. Right before 9:45AM, the stock then develops a bullish flag pattern and makes a great pop once the stock broke $35.00 and continues to move higher to $36.00 then $37.00. All you needed to do was scale out of your position along the way. Many traders in our chat started with a comfortable profit within the first 30 minutes of the trading day.

Later on, $ESPR turned out to be one of the biggest movers of the day. After breaking out a flat top breakout setup above $37 it ran all the way up to $42.50. This was definitely the hot stock to trade for the day.

Get Started With Our Free Trading Kit

Our trading kit is the best free resource out there for new and struggling traders. It includes

• Intro to Trading Course
• Comprehensive Trading Handbook
• Trading Consultation

Download your free trading kit here.

The post How To Play The Gap And Go appeared first on Bulls on Wall Street.

Making the transition to becoming a full-time trader was one of the hardest decisions I’ve ever had to make. It was also one the best. I knew this was what I wanted to do, but it didn’t happen overnight. In fact it took about an entire year to get myself setup and prepare before I took that final plunge into full-time. Here’s what I needed to get in order before I made it happen.

Cut Expenses

We always tend to spend money on trifling, flashy things in order to impress your friends or your crush. But if you think about it, most of them are meaningless. When you’re trading you can’t afford the life of luxury anymore, at least in the beginning. Cut your expenses down as much as you can so that you can keep going without the stress of paying large bills.

Develop Proper Habits and Routines

It may come as a shock to some, but my daily habits and routine were already set before I made the big transition. This is important so that we don’t have to waste time trying to figure things out after the plunge. I’d rather know what I need to do in the morning, how to scan for stops, how to set up my charts and tools beforehand. This will make the switch a lot smoother.

Have a Trading Plan

You need this regardless of whether you’re trading part time or full time. Without a proper trading plan, it is impossible to trade profitably. But it takes time to develop a routine that you’re comfortable with and to develop the discipline to stick to it. I made sure that I had my rules in place and my emotions in check before I decided to take the plunge. Most importantly you need a reliable strategy that has proven itself to make you money.

Keep Strong Relationships

It’s undeniable that a huge transition will affect your relationships with those around you, because trading full time is the same as starting your own business. It’s important to communicate your journey with your loved ones so that they understand what you’re going through. Whether it’s your family or your partner, they need to understand that your expenses will go down and that this is not a get rich quick scheme. Most importantly, having the support from your loved ones can in fact make or break a trader.

Finally, have a side hustle to help support your cash flow. Trading is a full time job, but it’s one of the hardest things you can try to achieve. The biggest barrier is that absence of a consistent cash flow. Quitting your job might be necessary to watch the market during the day. However, you might have to pick up a weekend or part time job to keep you sustained and pay the bills. This is also a great way to alleviate stress from your trading. Having trading be the source of financing your expenses will exert a great deal of stress on your emotions and your trades.

And there you have it. Some tips on how I got my life setup before taking that first step transitioning into full time trading.

Get 40% Off Our 60-Day Live Trading Bootcamp (Deal Ends Soon)

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Early bird pricing for our next Live Trading Boot Camp ends November 1st, so hit us up ASAP to save your seat if you are serious about trading stocks for a living!

Click here to save your seat, and get 40% off.

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