Scott Redler: When Holding Overnight Is Hard, These Tactics Help

Holding stocks overnight has been hard lately, so I came in today flat equities. That means I had to lean on intraday tactics, as I’ll outline today with an SPY trade. I didn’t like today’s setup. We were gapping up after a tough day yesterday. But just because I don’t like the setup doesn’t means I won’t trade it. I adapt to the action, or I don’t get paid. It’s as simple as that. In today’s Redler All-Access Morning Note​, I said: SPY made a low at $273.09 yesterday later in the afternoon, which complicated things. Buyers stepped up in the last 20 minutes and now we’ll see if it holds above yesterday’s high of $276.55. If it holds, next resistance is up at the 200 day at $277.60ish. Now let’s look at today’s intraday chart so you can see how I traded it based on my plan:SPY gapped up to start the day, so mission #1 was to see if the gap held. It did, and around 10:12 a.m., I bought SPY with a stop at the morning low of $276.62 — just above yesterday’s high of $276.55. I added when it crossed above $277. Then it took out the morning high of $277.63.  After that I started selling, and I closed it out around $279 — good for a $2+ gain from the original buy. You could have followed this all live on the VTF®. (If you want to learn my process for scaling in/out with a Tier System, check out the Path to Profits program.) The lesson here is simple: on a gap up after a downtrend, you want to see that gap hold. And you want the market to stay above prior key pivots. Then you often get continuation in the direction of the gap. And on the downside, if the low of the day breaks, I’ll typically just stop out. There’s no need to press things in an uncertain market. Facebook’s (FB) Red Dog Reversal The Red Dog Reversal is another of my favorite intraday tactics — and Facebook had a beautiful one today when it broke below $161 to hit a low of $160.84.Then it reclaimed $161 to trigger a long signal. With RDR’s, I put my stop at the day’s low. So that’s 16 cents of risk. FB went on to break $167 — pretty amazing! I’d look to trim, though it has room to $170. (If you want to learn the full Red Dog Reversal process, check out the Path to Profits program.) Positions Disclosure: As of 6/4/2019 at 1:31 p.m. ET, Scott J. Redler was long TSLA calls

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How to Recession-Proof Your Investments

Sami Abusaad takes a deep look into the Gold market as a way to get through the potential market dip coming our way. If things go south, this is Sami’s play to keep his account afloat – and it should be yours. too. He starts off with GLD, the tracking ETF for the Gold market, to get you up to speed on his bullish position. Yes, he’s heard all of the arguments against GLD, but he’s got a unique way of looking at it. While other traders may be bearish, Sami’s indicators are telling him that there is a very favorable risk/reward ratio being set up. Sami’s in, but you’ll have to decide for yourself if the move is right for you. Plus, Sami explains why waiting for the perfect buy opportunity is counterproductive to your profitability. You are actually hurting yourself by waiting for safe plays. Is it time to get comfortable with a little danger? Sami then takes an even deeper look at the Gold market, checking out the individual stocks that make up GLD. Two of the bunch are surefire winners that he plans to play for profit, but he’s not revealing which just yet. Is it time to get in on GLD? Recession-proof yourself today, with Sami’s help.

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Options In Play – Earnings On The Radar Week Of 5/31

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The Bigger The Top, The Bigger The Drop

Director of Education Sami Abusaad swings into the shortened week with some of his best takes yet. His goal today and every day is to give you his perspective on the market so you can take action any time during the week with confidence. With that in mind, Sami takes a look at some of his favorite ETFs, letting you know why he puts more stock in one in particular than all others. And, he reveals the one pattern that could convince him to get back into his 401k. Sami then takes a deep dive into his top stocks of the week. He’s got his eye on plenty, but which are worth trading? He’s bullish on one in particular that may surprise you. This stock and others like it have a much easier time doubling their price than the Amazons and Facebooks of the market. If you haven’t expanded your horizons yet, now’s the time.   Looking to save on T3 Live products? Check out our limited time offer on bundles here.

How to Make a Living Trading 10 Minutes a Day (For Real)

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Earnings Alert – 5/22/19

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Director of Education Sami Abusaad teaches you a critical lesson: where to buy and sell anything. Whether it’s stocks, bonds, forex, options, commodities, or futures, it doesn’t matter – Sami provides a foolproof method for picking your perfect entry and exit. Before he jumps into that lesson, he revisits his previous lessons on support and resistance. If you missed those lessons, now’s a great time to review them here and here. Plus, he follows up with an answer to the question he received most after last week’s lesson: which is stronger between major and minor resistance? Sami takes a deep dive on his main topic, letting you know the three signals you must recognize to find your perfect buy moment – and, just as important, the perfect time to sell. This includes recognizing each moving average for it’s own individual value, and learning how to interpret what you find. The differences between what they are telling you may surprise you! Understanding one of them will allow you access to the most powerful buy set up Sami knows of… If you can get it right, one chart reading is worth thousands of extra dollars in your pocket. Get in the know with Sami now: