How to Use TC2000 to Scan for Swing and Long Term Trades
This video series is designed to give you a comprehensive start to finish understanding of technical analysis. It’s suitable for the wide array of short and long term traders, covering those who follow the market the entire day or traders that can only dedicate as little as 30 minutes per day. In this video, Sami explains: – Which is the only possible move to make in the stock market – How to find the best opportunities in a chart – How he scans 3 charts in a second – What to scan for when the market tops – Which two criteria he uses to scan charts
Continue Reading -->Actionable Swing Trade Ideas for Jan 13-17 | BTC & Market Update
Even after the volatility that came with last week, the market is looking very bullish for the start of this week. In this video, Sami explains: – What signs may point to a QQQ pullback – How a short-term swing in Bitcoin differs from a long term trade – Why a trigger is important for FTCH – What I needs to do on Monday to trigger a 1-2-3 play – How PWR reminds him of KRTX
Continue Reading -->Options in Play – What Traders Love: Straddles and Strangles
Instead of trying to pick the direction on a stock when it reports earnings, what if you could place a strategy on whether it will move big or not? That is exactly what straddles and strangles are designed to do and they are a great tool for traders around earnings season.
Continue Reading -->Sami Abusaad’s Greatest Hits Volume 2
Since Sami’s first Greatest Hits collection, he’s created even more videos that have helped thousands of traders. See some of Sami’s best lessons in the posts you see below. 1. How I Made $36,947.28 in 8 Days You probably know that Sami’s Earnings Play is one of his most powerful trading weapons. In this video, see how he used to clear nearly $37,000 in just 8 days of trading. After you watch that video, scroll down and sign up for this Wednesday’s webinar. 2. How I Use Moving Averages in My Trading Sami only ever uses moving averages – particularly the 20 and 200 day moving averages – and volume as indicators in his trading.In this lesson, he teaches you exactly how he sets up and analyzes moving averages and how they help him make a profit. 3. How to Use Volume in Your Trading Volume is one of the most valuable keys to predicting price reversals. Knowing how to read the relationship between volume and price can give you extraordinary accuracy in predicting tops and bottoms in stocks. 4. How to Scan 1,600 Charts in 10 Minutes One of the biggest questions that traders have is which system is best for tracking trades. What size screen should your computer have, what is the most efficient way of scanning through charts, and what should you look for? Sami goes over the system that he uses to quickly scan through hundreds of charts so that you can learn how to look for the most interesting plays, too. 5. How to Dodge a Bullet When a Breakout Fails A breakout pattern is the most commonly recognized pattern in the world, but it’s also the most susceptible to failure. Breakout failures can lead to major losses. But you don’t have to get stuck in a failed breakout, and Sami will show you how.
Continue Reading -->Actionable Swing Trade Ideas for Jan 6 – 10 | BTC & Market Update
This week is the first full trading week of 2020, but recent headlines may mean volatility for the market. Find out what to look forward to in the coming week. In this video, Sami explains: – Why he hasn’t called a top in the market for a long time – Why technical analysis is more important that headlines for QQQ – What the difference is between Bitcoin’s daily and weekly charts – What a pop will mean for I – Why TORC might be his favorite transition
Continue Reading -->Options in Play – SNAP, Crackle, POP
I talked about a developing SNAP setup a couple of weeks ago and how it paralled other patterns we have been watching. The stock is starting to move and there are 2 factors at play influencing the price of the options.
Continue Reading -->10 Books Every Trader Needs to Read
Whether a trader is a seasoned professional or just starting their career, they can turn to books written by experts who know the market to advance their trading knowledge. The books included in this list are stalwarts of the industry, having been resources for some of the most successful traders. They cover a wide range of topics, including technical analysis, trading psychology, futures and Forex trading, meaning any trader can find something they can learn from. Hit and Run Trading: The Short-Term Stock Trader’s Bible by Jeff Cooper Over his professional trading career, Jeff Cooper has developed dozens of proprietary strategies that help traders profit in any market. In “Hit and Run Trading,” Cooper explains how traders can use these strategies – which have helped trading pros like CNBC’s Jim Cramer — to succeed in both day and swing trades. This books is the foundation of a storied 30+ year career, and includes dozens of secrets for gaming institutions, playing gaps, and finding the best momentum names. (click here for a special deal on this classic) How to Make Money in Stocks by William J. O’Neil William J. O’Neil published the most recent edition of “How to Make Money in Stocks” after the 2008 market crash. He believes that proper market timing, trading, and interpretation of charts can have a massive impact on your profitability. Choosing the most profitable stocks and knowing when to buy and sell is crucial to making profits, and this book instructs traders on those principles. O’Neil has developed a powerful system — called CANSLIM — to minimize risk and maximize profits, even teaching traders how to earn more in a bearish market. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas While Douglas’ book includes technical information about choosing markets to trade and determining entry triggers, most of the book focuses on how to overcome psychological barriers that prevent traders from succeeding. Douglas takes a closer look at the patterns within the market that lead to negative behaviors and mentalities for traders, proposing strategies that help traders understand the risk they are taking on and how to be more comfortable with the market. This book is a favorite of T3 Live’s Sami Abusaad. Reminiscences of a Stock Trader by Edwin Lefèvre Unlike other books on trading, ‘Reminiscences of a Stock Trader’ is a fictional story, although it’s based on the real life of famous trader Jesse Livermore. The book follows the career of Larry Livingston as he progresses from a quotation-board boy to an experienced trader. Readers can learn from the mistakes that Larry makes and watch him improve his own techniques. The Market Wizards Series of by Jack Schwager Schwager turned to legendary traders to provide advice for “The Market Wizards” series of books. He interviewed some of the most successful traders in the business to describe their experiences with trading psychology, strategy development, and profit maximization. The lessons in this book can apply to traders at any level, whether they are just starting out as interns or have been trading for years. There practically isn’t a trader alive that hasn’t devoured the Market Wizards series of books. One Up on Wall Street: How to Use What You Already Know to Make Money in the Market by Peter Lynch Most people believe that accomplished professionals have an advantage over average traders because they have more experience or work for major financial companies. But mutual fund manager Peter Lynch thinks the average investor actually has a leg up on Wall Street pros. He believes traders can use simple, everyday observations to gain an edge, and explains exactly how to do so. The Way of the Turtle by Curtis M. Faith In 1983, two professional traders, Richard Dennis and William Eckhardt, set up an experiment to determine whether or not traders were born with a special gift or if they could be taught how to trade successfully. Dennis believed he could train a group of people to be traders, just like turtles were raised on farms in Indonesia, so the group members were called “turtles.” The most successful of the group, Curtis Faith, wrote “The Way of the Turtle” to give further insight into the experiment, including everything the turtles were taught and the results they experienced from the lessons. The Intelligent Investor by Benjamin Graham Benjamin Graham is often considered to be the “father of value investing” or the “dean of Wall Street” because his ideas have been foundational to so many investors; one of his students was Warren Buffett, famous investor and one of the richest people in the world. Graham wanted to teach traders how to manage risk, increase profits and remain disciplined. “The Intelligent Investor” is key to developing smart investment strategies. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy In order to be successful, traders must understand technical analysis so they can predict market moves and know when to buy or sell. John J. Murphy’s “Technical Analysis of the Financial Markets” takes a deep dive into understanding market trends, chart patterns, intermarket relationships and trading tactics, among other things. It includes the basics of analytical methods, making the book a great resource for beginning traders or for anyone looking to advance their technical analysis skills. Trade Your Way to Financial Freedom by Van Tharp All traders want to make profits and have winning trades, but trading is just as much about reducing or avoiding losses. Van Tharp’s book focuses on helping traders manage their risk and reduce their losing trades so they can profit as much as possible. “Trade Your Way to Financial Freedom” also includes information on trading psychology, which can put traders in the mindset they need to get over their personal biases about the market and bounce back from losses. Tharp’s techniques can be applied to a variety of trading styles, including futures and Forex trading.
Continue Reading -->Options in Play – The 2 Scenarios When I Will Enter a Trade Early Ahead of a Catalyst
Typically, I prefer to wait until the day of or the day before a catalyst to initiate an options trade but there are a couple of scenarios where I will get involved earlier. Both require some directional bias for the event, however.
Continue Reading -->2020 Trader Poll Results: You LOVE Amazon
Yesterday, we held an informal, unscientific poll to measure traders’ expectations for 2020. This is what we found: 52.8% of survey respondents believe the SPX will rise more than 10% in 2020. 17.6% said it would fall more than 10%, with 29.6% saying it would finish somewhere in the middle. Then, we measured expectations for a crash. 31.7% of respondents said the SPX will fall more than 10% in a singly day. This seems awfully high, considering that this has only happened three times going back to 1929. In terms of asset classes, traders are most bullish on stocks. 55.1% said stocks would perform best in 2020. We next took a lot at sectors to see which sectors traders are most bullish and bearish on. Survey respondents were most positive on tech, with 71.1% said they were bullish on technology. Real Estate was down at the bottom, with just 15% bullishness reported. Traders’ positive view on tech is no surprise given that QQQ is up almost 40% in 2019, with the Semiconductors ETF (SMH) up 63%. And finally, we asked traders what their #1 stock of 2020 was. And the positivity towards tech continued there. AMZN was the #1 choice by a country mile, with more than double the number of votes of the second place pick, AAPL. MSFT and TSLA were in the 3rd and 4th positions, respectively. Want to participate in our next Trader Survey in January? Join our mailing list below:
Continue Reading -->T3 Live’s 2020 Trader Poll: Where Do YOU Think the Market’s Going?
Take our year-end trader poll and give us YOUR analysis of what’s coming next. Then, click here to save 40% on education and subscriptions. Loading… P.S. Don’t forget to click right here to save 40% on education and subscriptions.
Continue Reading -->