Category Archives for Uncategorized
Morning Call Express: Salute the Flag
In today’s Morning Call Express, T3’s Scott Redler breaks down the morning market action.
Continue Reading -->Morning Call Express: Looking For Santa Claus
In today’s Morning Call Express, Scott Redler talks about the potential of a Santa Claus Rally and whether or not we will get DOW 20,000 before the New Year. Scott reviews the key levels and looks at some sectors for clues.
Continue Reading -->Jeff Cooper’s Morning Call Express: Respect Your Stops
In today’s Morning Call Express, T3 Live’s Jeff Cooper breaks down the action in SPX and talks about the important of stops. Click here to learn more about Jeff Cooper’s Daily Market Report.
Continue Reading -->Morning Call Express: Post-Fed Hawks
In today’s Morning Call Express, Scott Redler breaks down the hawkish market vibes after the Fed.
Continue Reading -->Scott Redler’s Morning Call Express: Fed Day
In today’s Morning Call Express, T3 Live’s Scott Redler breaks down the action ahead of an eventful Fed Day. Interested in ordering Scott’s 2017 Market Outlook Report? Just click here. Or, you can call our team at 1-888-998-3548 or email us at info@t3live.com.
Continue Reading -->Ifan Wei Interview: From the Boxing Ring to the Trading Floor
To help you get to know T3 Live’s growing bench of trading talent, we’ve launched a series called “Meet the Traders” so you can get an inside look at how our team operates. Today, we are proud to introduce you to Ifan Wei, one of our moderators in the T3 Live Black Room. 1) Welcome Ifan! Tell us a little bit about yourself. I grew up in Texas. I attended the Haas School of Business at the University of California, Berkeley, where I boxed for 4 years. Upon graduation, I began my career in marketing in big tech and the NFL. So even before I became a trader, I had the privilege of exciting, fulfilling, and challenging opportunities. Trading is a progression of that. 2) What’s Tougher? Trading or Boxing? Progress came more naturally in boxing, but both have their challenges, both physically and mentally. 3) Do you think your boxing background has helped you as a trader? Yes, absolutely. I think training for any competitive event makes you stronger mentally and emotionally. And competing in sports emphasizes a cycle of practice and preparation to be highly functional in a stressful, dynamic arena. That can help any trader. 4) How did you first get involved with the markets? My dad has always kept an eye on the markets, but not as a very active participant. So while I was aware of its existence and daily fluctuations, I was not introduced to price charts until an accounting class case presentation. Comparing company 10/K’s and curiosity about the impact on a company’s stock price led me to charts. So, there wasn’t a seminal moment that turned me into a trader. I just progressively became more interested in reading charts. 5) How would you describe your trading methodology? I use a top-down approach to technical analysis in order to anticipate momentum. I speculate on momentum based on two strategies: broken support/resistance and climactics (parabolic exhaustion). My most common strategy is when support or resistance is broken overnight, producing a gap in price at the open. To time my entrie, I use variations on 2 basic repeating patterns: bases and retracements. 6) What is your day-to-day focus these days? My #1 focus each day are stocks that gap. While most stocks gap each day, I am looking for the outliers. Inside the universe of the 2,000 most liquid equities, I focus on the extreme gainers and decliners. Typically, I am looking for a pattern/entry in the direction of the momentum. Other times, I am looking for signs of parabolic acceleration into exhaustion. If that sets up, I will begin to look to play against the trend. 7) What is the 1 thing you wish you knew when you started as a trader? The importance of patience. I did not know what kind of trader I was when I started. While I was fortunate enough to get an education at the beginning of my trading career, I lacked the self-awareness and understanding to internalize and apply it. 8) Do you believe in setting specific stop loss and target prices? Yes. A stop loss is there for me to know when I should admit I’m wrong. If the trade sets up again, then I can always re-enter. My targets come from the concept of support and resistance areas, and I trail my stops when those areas are reached. 9) Are you concerned about high-frequency and algorithmic grading? Yes, but my risk management acknowledges that anything can happen at anytime. I don’t make any specific adjustments in my trading to account for them. 10) What is 1 thing traders can do today to start getting better results? Track your trades. If you already track your trade entries and exit, be sure to journal your thoughts throughout the trading day. Log your observations. You will pass on trades that work, and pass on trades that don’t work. These decisions can be just as enlightening as the trades that you take. 11) What book should every beginning trader read? I’ve read and reread the commonly cited classics like Reminisces of a Stock Operator, Trading in the Zone, and The Zurich Axioms. They’re great. But I think anything that provides self-reflection and introspection can help you become a better trader, even if it’s not a trading-specific text. Psychology/philosophy books like Thinking, Fast and Slow and The Tao of Jeet Kune Do can be just as enlightening for a trader. 12) Are there any traders you look up to? I admire Sami Abusaad, Mark Harila, and Kurt Capra, my co-moderators in the Black Room, as well as my previous mentors. I try to keep in touch with a number of other professional traders. Consistency is a quality that they all share, and they are key to longevity in this business. They vary in style and approach but are consistent day-in and day-out in their method. 13) What would you be doing if you weren’t a trader? I’d probably still be in sports marketing. I have friends working for the big agencies and teams who still love what they do. Click here to learn more about the T3 Live Black Room
Continue Reading -->Scott Redler’s Morning Call Express Video: Mixed Markets
In today’s Morning Call Express, Scott Redler breaks down the action after oil’s rally to nearly $54.
Continue Reading -->Jeff Cooper’s Morning Call Express: Financials Up
In today’s Morning Call Express video, T3 Live’s Jeff Cooper breaks down the action in SPX and the financials. Click here to see Jeff Cooper’s incredible track record.
Continue Reading -->Scott Redler’s Morning Call Express Video: Caution is Warranted
In today’s Morning Call Express video, T3 Live Chief Strategic Officer Scott Redler breaks down why caution is warranted after 3 up days.
Continue Reading -->Scott Redler: 4 Life Lessons to Get You Through the Bad Times
One year ago today, I was laying on my belly, staring at the floor… and wondering if I’d ever walk again. But let’s rewind the story a bit. I’ve been a competitive racer since I was 30, finishing over 50 triathlons and marathons, including two Ironman events. I’ve also coached runners and raised money for the Steven M. Perez foundation, the Leukemia & Lymphoma Society, the American Cancer Society, and the R. Baby Foundation. I keep all the mementos in my man cave: Steven Perez was my best friend since we were roommates at SUNY Albany. In 2007, he was diagnosed with Chronic Myelogenous Leukemia. Steven’s doctors did all they could to treat him, and our circle of family and friends pitched in to help. But after 6 weeks fighting the toughest battle on Earth, Steven passed away. I was horribly depressed, and only one thing seemed to help: exercise. So to raise money for The Leukemia & Lymphoma Society and the newly-formed Steven M. Perez Foundation, I completed my first Ironman triathlon. That’s when I really became a serious endurance athlete. I’d been racing for years, but finishing an Ironman was a whole new level for me. Unfortunately, my success came with a price. Years of serious training and racing took a big toll on my body. I had a lot of wear & tear, and I never really recovered from it. And throughout 2015, it was obvious that something was very wrong with me. My left leg was atrophying, and it would go numb if I stood for too long. My back was killing me. I had a hard time getting out of my chair, and I was barely sleeping. And I looked horrible. I was pale and losing weight, and I was shorter because of my shrinking leg. At Thanksgiving, a doctor friend was pumping me with injections just so I could stand up to cook! I spent 3 months in physical therapy, but deep down, I knew it was nothing more than a band-aid. I was wasting my time because I was afraid to face the music. But I couldn’t take any more of those scared looks from my wife and son. Even our dog Cadence knew something was wrong! So I finally came to my senses and just gave up. I visited Dr. Mitchell Reiter, a New Jersey-based orthopedic surgeon and spine specialist. Dr. Reiter diagnosed me with a sequestered spinal disc, which was putting tremendous pressure on my spinal canal. I was quickly scheduled for a Laminectomy operation to fix the problem. And that’s how I found myself laying on my belly, staring at the floor… and wondering if I’d ever walk again. Now, I’ll admit I was being a little melodramatic. Laminectomies have a pretty high success rate. And I trusted my doctor. But when times are tough, it’s hard to stop thinking about every little thing that can go wrong. The surgery was a success, and I began my recovery. It wasn’t easy. I could barely get up for days. My wife was carrying me around the house! And my friends moved the Christmas tree up to my bedroom so I could see it without going on a never-ending journey to the living room. I took 2 weeks off work. I never had that much time off before, and being away from my trading screens made me stir crazy. By the time I returned to work, I was 20 pounds lighter and my face was the color of skim milk. My own videographer didn’t recognize me, even though we’d been working together every day for over a year! But as much as my body changed, my mind changed even more. I began appreciating the little things. Forget the Ironman — suddenly, just getting through a stretching session was a big deal! Being pain free felt better than any medal I ever won! And I may never do another triathlon again. But you know what? I just ran alongside my son Chace as he finished his first 5K! He took home the gold, and I’ll never forget crossing the finish line with him. There are 4 simple, but valuable lessons to be learned here: 1) The Darkest Hour Is Just Before the Dawn Those last few moments before my surgery were some of the darkest I’ve ever been through. And you know what? That was the bottom. Things only got better. 2) Your Goals Should Change When Life Throws You Curveballs I used to think I’d be a high-level competitive racer forever. That may no longer be realistic, and I’m okay with that. I love coaching, and I’m more than happy to run smaller races until I get a better idea of my long-term prognosis. I don’t have to be “elite,” whatever that means. I just want to be the best I can be. 3) You Probably Have More Support Than You Think My family stepped up for me in ways you can’t imagine: That’s Celena, Chace, and our dog Cadence. I would not have made it back without all three of them! My parents were great too, always checking up on me to make sure I was doing okay. Aren’t they cool? And it feels silly now, but I was really worried subscribers would be ticked off while I was gone! But you were awesome — I received hundreds of supportive Tweets and emails, many of which included your personal stories of dealing with your own health problems. And not a single Redler All-Access subscriber cancelled due to my absence! That showed me that we are all part of a powerful global community. Here are some of our friends from Ukraine: (I’m in the front with the pink socks!) So just reach out when you need a hand. Odds are, people will there to help, and they’ll be happy to do so. 4) It’s Okay to Want to Give Up… Just Don’t We all go through rough times. Some have it worse than others, but we all have our own
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