The market looked very bearish last week, but determining how to trade this week is difficult. Sami gives you his best ideas for the week ahead and predicts upcoming market movement. In this video, Sami explains: – Which tracking ETFs could have a pullback soon – What typically happens after the market makes a new high – How to identify an overbought stock – Why Friday was one of his best swing trading days – Which earning milestone he hit after only 5 months
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Earnings hit the brakes this coming week as the pace of scheduled reports slows down substantially. There will still be a few big Retail and Tech names, though.
Continue Reading -->Learn to maximize rewards and manage risk on your trades in this trading webinar hosted by Derrick Oldensmith, Senior Trader with T3 Trading Group LLC. Tips for managing risk and maximizing reward How and why he books profits on different types of trades How he balances risk and reward with a simple formula Simple indicators that give insights on the market trend Why risk management and money management are vital to making money trading
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Retail has significantly underperformed since the coronavirus pandemic started in February. Many traders focused their attention elsewhere and it has created potential in a lot of different names.
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A lot of high profile stocks are rallying sharply into their earnings reports and it is one of my favorite patterns – the ramp into the report. WORK provides a good example of what I screen for on that type of setup.
Continue Reading -->In this video, professional prop trader Derrick Oldensmith shares his keys to success in trading. You’ll learn about: -The simple math behind risk-reward in trading -The ‘layers of probability’ Derrick uses to improve his odds of success on individual trades -How he grades trades from A+ to F (best to worst) -His rules for generating consistent profitability -What you need to know about prop trading careers -Important details about T3 Trading Group
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The market looks like an easy call for this week – at least, it looks easy as of the weekend. How should you prepare for the week, and what happens if Friday’s low doesn’t hold? In this video, Sami explains: Why he doesn’t think the week will be all-out bearish When the market might hit all-time highs How USO benefited all types of trades What he predicted for GLD Why he doesn’t usually play stocks like ATRA
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Out with May, in with June. It will be more of the same this coming week – lots of Software reports and some Retail names scattered in as well.
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I always talk about giving options time off the open to let the books and bid/ask spreads fill out. There are some instances when I am more aggressive covering quickly and DLTR is one of those examples.
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Not every trade is going to be a winner and how you manage the losing trades is equally as important. You may not like getting stopped out but it is key to longer term success.
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