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.

What happens is, when they talk about interest rates, gold moves. I had a flat day because the market was choppy, waiting for this move. Towards the end of the day, you started to get a bit of a run in the market. One of my goto’s when the market starts to move after the FOMC announcement is a move in gold.

NUGT

99% of the time, gold is awful to trade. But when the FOMC has a statement, gold can move really well. So I had a cool trade in NUGT, which ripped $500 towards the end of the day. Gold usually moves really slowly. But gold has a 3x leveraged ETF called NUGT that will move 3x what the gold miners do. What you can do is wait for the stock to come out of range. Then look for a quick pattern to hit it. Towards the end of the day, it starts to make the initial move right when the FOMC announcement is made at 2PM.

Initially there was no entry, but as soon as we see the sideways consolidation I bought this thing right at $32.72 and my stop was just right under the 9EMA. I’m actually treating this like it’s the market open. This is an opening range breakout pattern, which usually cannot be applied to end of day setups. But if there’s news out and you get a big thrust, you can use that end of day pattern to really ride this. I sold some into the first pop and literally scaled out along the way. In ten minutes, I was able to make about $500.

Our next bootcamp class is starting August 1^st. 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 Using Interest Rate Statement To SLAY Gold ETF Trade – $NUGT appeared first on Bulls on Wall Street.

Ethereum is the second most traded coin after bitcoin. It has the best characteristics to trading in terms of volume and range, my primary choice over bitcoin.

I’m going to be doing a live event on YouTube on Wednesday July 19th, at 5pm with Rahul Sood, CEO of Unikrn. He’s one of my old mentors and someone who helped me start Bulls on Wall Street. We will be discussing “The Future of the Cryptocurrency Market” and how we can all capitalize on the crypto boom including Ethereum and ERC20.

Ethereum

With Ethereum ETH, you can see that in February it was sitting around $5 – $12. Since then it’s had an epic run up. If you run from a few dollars to $400, there’s going to be a period of consolidation and pullback. That’s just the natural way stocks behave. Currently, ETH has been in a short term downtrend. So when does the bounce start? Well you don’t necessarily know. With trading, you can’t just assign a level and just buy into it. When you do that, you’re in no man’s land. There’s no confirmation that the level is going to hold.

I always respect the trend to both the upside and the downside. As its coming down, I make ideas of where potential support can be. $180 could be a potential level. But we don’t have any evidence yet. So how do you know that a bounce starts? Well, remember that bottoms are a process and rarely an event. What you want is to see some rounding action or some bottoming formation of where the support is holding. This is where we can add validity and let the support build. If it does, I’ll be watching the 9 EMA. The 9 EMA represents your short term moving average. If this MA is still curling down on top of the stock, it’s pushing it down. But when you see the trend reverse, your 9 EMA will start to flatten out. This will tell you that your short term trend is starting to even out. Then when you break over the 9 EMA and it holds, that’s when I’m looking to see if all things are a go.

Once the bottom formation develops, I’ll look on the smaller term time frame like an hourly chart and look for a bottoming process that clears some levels. Then we’ll get a clue as to what’s going to happen. But while we wait for the bottom we can actually short setups. When you see bear flags you can short them for some really nice gains. Participate both ways!

Make sure to join us for our live YouTube discussion on July 19 at 5 PM EST. Click here to set a reminder so you don’t miss it.

The post How To Trade Ethereum – Cryptocurrency To Watch appeared first on Bulls on Wall Street.

I’m a professional day trader who has spent years mastering my craft and focusing on stocks. Stocks have been my bread and butter. Our next bootcamp is coming up and our seats are filling up fast. It’s here that I can teach you all of my strategies. All of my lessons focus on trends. My students learn how to spot trends, spot momentum, while managing risk and holding onto your gains. Recently, I’ve been applying what I know about technical analysis to all different instruments in the market, particularly crypotcurrencies.

The technical analysis that we’ve been using for years has been working wonderfully in cryptocurrencies. Cryptocurrencies are the new frontier. A strategy I’ve been using quite a bit to trade these has been support plays, also known as breakout pullbacks. Lately this strategy has been working with Litecoin (LTC). Litecoin is an alternative to Bitcoin and Ethereum and acts as the third biggest cryptocurrency. But while the high price of the two scares traders away, LTC tends to have more volume. Not only that, the excess volume in LTC allows for the stock to exhibit more range while providing liquidity.

Litecoin, LTC

On the daily chart, LTC initially ran up to $10 then $15 in a really clean move before flat lining for about a month. Recently it broke out of the flat top range at $36.00 followed by a nice pull back to support. After the pullback, it once again broke its descending trendline before ripping once more. This was our classic flag pattern. After the rip, it once again pulled back again to our moving average ready for another bounce. I level into my position right here at support. My first add was in anticipation that this level is going to hold.  My stop loss was directly under. Once the setup was confirmed, I started adding to the position.

Checking the crypto intraday, you can see that my initial position was priced at about $45.02. I entered once it put in a very simple double bottom pattern setup. The move continued intraday and started to flag, a great spot to add even more to my position. If the stock exhibits this type of behavior while making higher lows, you may see another run.

Additionally, if you get filled on a limit order then you don’t get charged commission. This is a big deal. The way cryptocurrencies will really hurt you is if you’re a chaser. Chasers tend to enter stocks with market orders because once the breakout is happening they have to get in. The commissions for market orders will add up. But if you’re patient and let you orders fill, you won’t be charged a dime.

The strategies that I teach in our bootcamp can be applied to all types of trading. Cryptocurrencies really is the new frontier of trading and by joining the bootcamp you can learn how to trade using technical analysis and my proprietary trading setups. 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 which starts August 1. 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 Why Bitcoin Is NOT The Best Coin To Trade – Cryptocurrency Trading Begins appeared first on Bulls on Wall Street.

There are two types of capital in trading. You have your financial capital, which is your account size and max loss per trade/day and then you have your mental capital. This refers to whether you’re able to stay alert and follow your game plan throughout the day. This way you can hit the stocks on your watchlist when the time comes.

NVDA

On July 5th, I got stuck at the open trading NVDA. It got stuck in a range the entire morning. I had a whole host of stocks that were my top plays for the day. But i blew so much time on NVDA that I essentially checked out. I hit my max pain for the day, and I started missing the rest of my plays.

NVDA gapped up and I was playing this stock for a green to red. I caught a short at the open, but it spiked up causing my win to turn into a loss. That irked me because I’m usually not that greedy. I went for the home run and added too low. I then shorted NVDA with the anticipation of the break under the VWAP. It came down to 141.80 and then boom, 2 candles later it’s at 143.60. I ended up stopping out. I re-shorted as it came under the VWAP but it reversed again, turning into another loss.

Preserving your Mental Capital

If you’re struggling to preserve your mental capital there are a few things you can do.

• If you’re up a dollar or 2, lower your stop to your buy price to minimize your risk. This way you don’t have to babysit the trade but move onto other plays.
• If your focus is off you can walk away for the day. Tomorrow is a new day.
• Narrow down your watchlist as much as possible to only the best plays.
• Have multiple screens so you can watch different stocks at the same time and not have to switch back and forth.
• If your risk is causing you stress it might be a sign that you’re trading too big.

Making the proper adjustments to preserve your mental capital is essential to long term profitability.

In the morning, I hunt for gappers in the premarket. For my mentorship group, I do a morning class before the market opens. We talk about stocks that had news out and some of these stocks had amazing plays right out of the open. $ORLY had an opening range breakdown. This had a $20 move and I’ve been fighting for pennies. $TSLA was another huge gapper with bad news. These stocks tend to have multiple moves throughout the day – the opening range breakout, the VWAP test at mid-morning, and then the fizzle into the close.

Always remember that there’s your financial capital and then there’s your mental capital. Don’t blow it all in the morning fighting with a stock that isn’t even ready, especially if you have other stocks on your watchlist. Keep multiple charts open and don’t get pigeonholed into one thing so that you’re forgetting the rest of your game plan. It’s ok to be trading NVDA but it’s not ok to miss other setups that are clean and perfect for big gains.

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 Day Trading Tips: Mental Capital vs Financial Capital appeared first on Bulls on Wall Street.

What we’re seeing in the market is a sector rotation. Sector rotation describes where and how the money flows from one sector to another. Right now a lot of money is flowing out of the tech sector which has been the hottest sector for the last few years. Looking at $QQQ, we’ve just been in an epic trend for years. But in recent weeks, a lot of money has been flowing out and into other sectors.

That’s a healthy thing. From these types of rotations, we as traders can see fresh charts and newly developed trends that we can play with. But when the money leaves a sector, we can see some epic shorts in that distribution.

Shorting NVDA

Recently there have been some amazing short opportunities in tech. On July 3^rd, I made about $1800 shorting tech stocks and $2500 in futures shorting the tech sector. The beauty is that I traded the same setup in both. My biggest short was in NVDA. Currently, NVDA is having a huge rollover after its epic run. This morning the tech sector gapped up. But when a market gaps up while undergoing distribution, those gaps will often fade. The strength becomes a major liquidity event.

When I saw this gap up, I knew it was a distribution event. The first trade of the day was in NVDA. There were two major clues that fueled our trade. First, the tech sector gapped up, and then began fading right off the bat. But looking at NVDA, it didn’t gap up, but instead opened up weak. That’s relative weakness. NVDA just started to make a move lower right off the bat. Eventually, you can see it run into support from its previous day and then popped up into its EMAs. When it comes back and breaks below on the second test of the day, the 3^rd test of that level, now I’m anticipating the short. I shorted it at 144.50 and as it broke down, I’m scaling out. You can see NVDA drop almost $3 in a hot second. When it bear flagged later, I added more shares and played into the next dump.

After it popped off of $139 into the 9EMA, I waited patiently for the re-short. What I want to do is watch to see if that’s where the stock gains traction. When it breaks back under, I have my confirmation and that’s when I reentered. 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 To Play Tech Sector Distribution appeared first on Bulls on Wall Street.

We recently had a market roll over which can provide many great shorting opportunities. A lot of people assume they can only go long. But when this type of dump happens, you can have bigger gains because the range expands. Remember, stocks take the stairs to go up and the elevator to come down.

SHOP

SHOP was breaking support the last couple of days. Yesterday it had a great bounce because it never broke its 9 EMA. So today when it started to roll over and break under its 50 SMA, that’s a sign that its re-breaking. We took multiple trades on this, with the thesis that on the bigger picture SHOP was ready to go. All we needed to do was align our intraday setups to really nail this thing down.

I traded 2 setups with SHOP that worked out well. In the morning you can see this huge push down so I waited for a bounce. When it remounts some support I waited to short it. As it popped into its 20 EMA, and remounted the VWAP I shorted it a few hundred shares. I shorted 300 at $87 and covered 100 every time it flushed.

When I’m trading well, I’ll typically hit a stock 4 to 5 times to elongate my gains. It’s not about going all in, but trading around a core position. So once it popped again. I shorted at the 9EMA but ended up covering it flat. When it started to go up, rather than getting frustrated, I got excited. I got out for a small loss but if it starts to pop, I’m going to be able to get more reward because I would be able to short it higher. A lot of people take a small loss and get frustrated. But if I have an overall thesis, I know that I’m going to end positive at the end of the trade.

Once it popped into the VWAP midday, I shorted it as it once again moved back under with a stop above the recent pivot high. Then it just broke down, allowing me to cover into the flush. A stock like SHOP has incredible range, so only shorting 300 shares can give you some massive gains.

The post Bigger Gains Shorting Stocks As The Market Rolls Over appeared first on Bulls on Wall Street.

We have a really special treat for you. Lately I’ve been seeing inflection points in the market. So what I do is, go in and use a futures trade to leverage the opportunity of what I think is happening in the general market. The last few days, we’ve been seeing huge pullbacks in the QQQ’s, where it came all the way down to support. The technology sector pierced the lower Bollinger Band. Thefore, if the market opened up weak, we would likely see a nice rebound.

When the market dipped down and broke below yesterdays low, you see a lot of people trying to short it. But these bearish traders often forget the bigger picture on the daily chart. We’re on support! This current market does not like to fall more than 2 days max. So I’m looking for a long.

Trading the NQ contract

You can long QQQ 500 shares, or you can trade futures contracts of the Nasdaq market. Using the fake break down on the QQQ and the remount above its moving averages, I knew this market would likely run. I added 1 contract of the NQ future, which cost about $500. Some of these epic rips you see in the futures market can return some amazing gains.

Let’s say you added at the breakout point of $5700. You get $20 for every point, so even with 1 contract ripping up $20 is potentially $400. Now as this is happening, I would sell into the spike and re-add my position as it pulls back into support. On the epic flag break at $5725 I added 2 contracts. 2 contracts gives you $40 per point.

These great market developments allows you to hone in on how you can use other instruments but still use the same tactics that we use for stocks. Whether its futures or cryptocurrencies, I just use the exact same strategy for both. I use the same principles of momentum to leverage my gains. We’re momentum trend traders. So we search and hunt for where the trend is. The vehicle doesn’t matter. Where there’s momentum, my strategy will work. When there’s an absence of trend, the strategies are muddled. There’s a lot of leverage, a lot of action, and we at Bulls on Wall Street are excited to bring this on to our overall regiment.

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 To Use Futures Trading To Leverage What Is Happening In The Stock Market appeared first on Bulls on Wall Street.

NVDA

NVDA is an incredibly strong stock that had a great run after releasing strong earnings back in early May. After hitting resistance at $160, it sold off for four days in a row but stopped right above its previous $146 support level. Now this looked like it could either flush down lower or bounce hard here. Watching intraday, we saw a fake break of the support level. Once the stock reversed from a red to green move, we bought long at $146.20 with a stop underneath. We rode it back up and sold it off at $151 .

TSLA

Another great bounce play that was on our list was in TSLA. TSLA closed right at its 20EMA level after a hard flush in the last 2 days. With the moving average holding it up, we watched the stock in the morning looking for a red to green move or a bounce right at support. TSLA gapped up at the open and faded right to the previous day’s support level at $362.50. Once the pullback was sustained, we entered at $365.15 with a stop beneath the lows. We sold off our shares as we rode it up all the way to $371.18

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 Winning Reversal Trades appeared first on Bulls on Wall Street.

AAOI

On the daily chart, AAOI gapped right down to the 50 Simple Moving average. After a series of down days, we knew that the price opening up at support was just the setup it needed for a big range play. Once the bounce was confirmed we waited for a pattern to develop and at the open, the stock setup for an Opening Range Breakout. We bought into the stock at $59 and sold as it trended above $60. As the day progressed, AAOI developed a 1-2-3 flag buy at which point I re-added into my position. After the red to green move, the stock put in another flag pattern allowing for a great run to $63.

SHOP

Another great bounce play we were calling out was in SHOP. Now our chat room played this great bounce just three days before. Just because a stock paid off doesn’t mean the momentum’s fizzled out. We kept this on our radar and once the stock opened at $82.50, we were watching it for another potential bounce. After putting in a double bottom support we entered for a long at $82.29 once it broke its descending trendline. SHOP had the potential to reach a price target of the previous day’s lows at $84.50 so when it setup again we were ready. We reentered the flag break at $83 and again at $83.75 scaling out as it trended all the way to $85.50.

We had a great day trading these bounces and hope you can join us for the next round. 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!

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