How a Top Professional Trader Locates Support & Resistance on Any Chart
Traders often talk about support and resistance — typical concepts you’ll find in any technical analysis book. But how do you actually turn support and resistance into a trading profit? Or into the avoidance of a loss? In this extended video (adapted from a Strategic Day Trader coaching session), top professional trader Sami Abusaad takes you inside his process for drawing support and resistance. And more importantly, he takes you inside the mental tricks you can play on yourself while analyzing support and resistance. The tricky think about trading is that you tend to get exactly what you try to avoid the most — like giving back profits. This lesson, which combines technical analysis and psychology, will help you understand where traders are most likely to go wrong when managing charts based on price action.
Continue Reading -->Trading Earnings for a $4,200 Profit the Easy Way
It is completely impossible to trade earnings, right? Can’t be done, right? Wrong. In this video, Sami gives you an exclusive sneak preview of his Earnings Engine class. Earnings Engine is a unique class centered around getting long and stocks ahead of earnings. You learn simple, easy-to-identify patterns that “tip you off” to where the stock will open the next day. How easy is it? Well, as you’ll see in this video, an Earnings Engine graduate earned $4,200 trading earnings… in his first week. Crazy stuff! In fact, this strategy is so valuable that Sami was hesitant to teach it! Thankfully, Samy loves to teach, so he was generous enough to share this strategy with the world. Check out the video, then learn about Earnings Engine right here. P.S. Earnings Season is still going strong. Be sure to check out this FREE Earnings Season resource: The Ultimate Guide to Trading Earnings Season
Continue Reading -->Scott Redler: What Is a “Special” Stock?
FYI – I discussed the broader market action with CNBC yesterday. Click here to read the article. ****** If you follow me, then you probably know I have my own trading language. It’s easy to understand once you get the hang of it, but I sometimes get questions about on particular term I use: ‘special’ As in, there are special stocks and not-so-special stocks. So what is a special stock? To me, a special stock is trending above the 8 & 21 day moving average (or an earnings gap) and showing relative strength vs. its sector and the market. These are the names I want as swing longs. I typically start them as Tier 1 positions (which is essentially a foothold), so I can add when these names break to near-term or all-time highs. (I discuss the Tier System in the Path to Profits program) This is a daily chart of Diebold (DBD), one of my picks from the 2019 Market Outlook Report:As you can see, it held the 8, 21, and 50 day to start the year. Then it gapped up big on earnings and reclaimed the 200 day moving average. Then it held the gap and didn’t fill it at all. This is ‘special’ behavior because it held the moving average, then held post-earnings highs with no trouble whatsoever. So what does a ‘not-so-special’ stock look like? Well, Lyft (LYFT) is a good example. It hasn’t been able to hold a high, and it’s below its brand-new 8 & 21 day moving averages.And Apple (AAPL) recently lost special status when it couldn’t hold its post-earnings gap.Want to learn more about my system? Check out Path to Profits.Positions Disclosure: As of May 8, 2019 at 10:49 a.m. ET, Scott J. Redler was long TWTR, PSN, BABA, TWTR calls, AMRN calls, BRKB calls
Continue Reading -->QQQ: Where Is the Line in the Sand?
Welcome to Sami Abusaad’s latest swing trading game plan — one you should listen to on a pretty crazy week. Sami explains why the market’s been in an unbreakable ‘super trend,’ but also explains the 3 ways in which the trend can end. And to make it easier, Sami actually lays out the specific QQQ level he calls “the line in the sand.” Also see which stocks he’s targeting for swings, including CIEN, CVLT, PHUN, and YUMC. Sami also gives an update on Bitcoin, which just reached Sami’s target after his first entry at $4,000.
Continue Reading -->Why Stocks Move the Way They Do…
Most people believe stock market prices move randomly, and thus, they cannot be predicted. The Random Walk Theory written in 1964 popularized that belief. While it is true that predicting stock prices is not always possible, those of us who trade for a living know when prices are random (and to be avoided) and when they’re highly predictable (and to be capitalized on). Join master trader Sami Abusaad for an in-depth, 59-minute discussion on how he predicts future prices, what patterns to look for, and the trends to follow. You won’t find this information in a trading textbook — so take advantage of this rare look at how a professional trader reads price to drive his P&L.
Continue Reading -->How to Manage Trades Like Jesse Livermore
Sami Abusaad makes money today… using a trade management strategy he learned from a book that’s nearly 100 years old. In an effort to continuously help you achieve trading greatness, Sami gave this in-depth lesson on how to squeeze the most money possible out of your trades. It’s one thing to get in a stock at the right place. It’s entirely another to manage the trade on the fly to maximize reward and minimize risk. Fear can eat you up when trading, so learn how to get control over your emotions, and focus on the charts so you can have a less stressful, more profitable trading experience. Jesse Livermore handed it to Sami, and now Sami is handing it to you. Will you take it?
Continue Reading -->Options In Play – Earnings on the Radar This Week
Another week, another huge round of reports. The second packed earnings week in a row will feature more Tech titans but plenty of other volatile small-to-mid caps as well.
Continue Reading -->Why Stocks and Cryptocurrencies Matter in 2019
Sami Abusaad gives an in-depth look at the current market environment, his favorite swing trade ideas, and why he’s so into cryptocurrencies in 2019. See the significance of the QQQ’s “never breaking” trendline in 2019, and what last week’s earnings reports mean for the broader action. Sami shares what could break the market’s upward momentum, as well as his swing watchlist including ACB, FTR, IOVA, KL, and TTD. But make sure you stay on track until the end of the video — that’s when Sami gives a full breakdown of Bitcoin. Then, click here to join this week’s Strategic Day Trader Open House — this way, you can put Sami to the test in real time!
Continue Reading -->How to Exploit Another Trader’s Overnight Crisis
Want to know how to REALLY get the odds in your favor? Find stocks that “trapped” other traders due to an unexpected overnight gap. This type of gap should force traders to act on impulse rather than logic the next morning, which is easy to exploit… if you know what to watch. Watch today’s video to learn how to spot these goldmine opportunities. Then, click here to join next week’s Strategic Day Trader Open House.
Continue Reading -->Understanding the Metamorphosis of Stock Prices
Last week, Sami Abusaad showed you how the basic ‘Atomic’ unit of price works. Sami continues the lesson today, teaching you how the 4-stage cycle of stock price movement works, which includes feelings of panic, ecstasy, and everything in between. Find out the exact moment you should exit a trade — it’s not what you think. You can’t wait until the picture is completely disastrous. By then, it’s far too late. Also, learn how to draw trendlines, spot transitions, and more. If you are looking to get a better handle on how price action works in the real world, this video is for you.
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