Options In Play – Follow The Leader For YY
We spoke in last night’s session about how differences in chart set ups on similar names ahead of earnings can create opportunities. YY was in a similar consolidation as many China peers prior to their breakouts and was just waiting on the catalyst to get it going.
Continue Reading -->Options In Play – AMZN, the Sleeping Giant
Breakouts and rotation – that’s the name of the game in this market right now. FANG names may get all of the attention, but some of them – like AMZN– have been pretty quiet… That may be about to change.
Continue Reading -->Scott Redler: How NIO Became the Chosen One
In my 2019 Market Outlook Report, I named electric car maker Nio (NIO) — a.k.a. the Tesla (TSLA) of China — one of my top plays for 2019. When it comes to making trading calls, it’s easy to have 20/20 hindsight, so let’s go back to what I said word for word on page 39 of the report:Now, we almost did get that break of $6 right after I published the report. Nio touched a low of $6 on the dot on January 2 — kissing the danger zone down to the penny!But then it took off and finally broke over the 8/21/50 day in ate January, even getting to the $8 level from the 2019 Report:Let’s fast forward a little bit now. It closed strong last Friday, and on Saturday morning, I Tweeted that “it seems like $9.50++ happens in time.”Then on Monday when the stock gapped up on the 60 Minutes Show about China’s electric car industry:That morning, I told Redler All-Access readers “I trimmed some above $9.30” to lock in a nice gain. On Tuesday, there was just a tiny retracement toward Monday’s low before the stock shot up again to hit a new all-time high at $10.64 — passing that $9.50 mark with authority. Wow!Yesterday at 11:52, when NIO was around $10.54, I tweeted on our Private feed that I was smaller in it, but would stay with some to track it:Then this morning, I told Redler All-Access readers “I trimmed some NIO above $10 and I’ll buy dips selectively.” And here’s the chart I posted to the Redler All-Access Private Twitter, saying “now it needs some time to consolidate” though “I do not think yesterday’s high will be the 2019 high.” I’ll be tracking NIO closely to see when I can add to it for that all-time high push (if it happens, of course) You can follow along as I share my plans to handle NIO in Redler All-Access — plus dozens of other hot names. Many people think I only trade big cap tech… but check out my disclosure to see what I’ve been working with lately: Positions Disclosure: As of 2/27/2019 at 10:25 a.m. ET, Scott J. Redler was long GERN, ZYNE, CRBP, CGC, BAC, BAC, NIO, GS, PBI calls, TLRY calls; wasshort SPY
Continue Reading -->Options In Play – Is FIT About To Get A Pulse?
FIT has been a flop for a couple years, but fundamentals are improving and technicals are beginning to line up. Now earnings are coming up with a chance to really turn the corner.
Continue Reading -->Strategic Swing Trader – Stock & Cryptocurrency Ideas – Feb 25 to March 1
This video provides an analysis of the current market environment, as well as a review of several swing ideas you need to know for the upcoming week. Plus, we will also discuss the CRYPTOCURRENCY market where I believe we will have the best opportunities to grow our accounts in 2019. Watch Sami’s video below to get in on these opportunities.
Continue Reading -->Options In Play – Don’t Sleep On The Boring Banks
Banks have been a tough area to love recently but the charts are beginning to set up nicely. The lack of interest and recent volatility also means that options are trading at discounts to their average.
Continue Reading -->Options In Play – SPY Is Entering The Radar Zone
Another day, another rally. The nonstop bid to the market is pushing SPY up into a critical level with big catalysts coming.
Continue Reading -->Strategic Swing Trader – Trade Ideas for Feb 19 – 22
This video provides an analysis of the current market environment as well as a review of several swing ideas for the upcoming week.
Continue Reading -->Strategic Day Trader – How I Lost ~$3,400 Today
Whether we like it or not, trading is risky. Education, discipline/patience mitigate most of the risk, but there is no way to completely avoid the inherent risk associated with trading. There are at least two types of mistakes one can make in trading, intentional and unintentional. The intentional is often the result of lack of discipline, while the unintentional is the result of an error or an honest mistake. The first hurts our psychology and self-confidence, while the latter leaves us unaffected and often makes us stronger. Watch today’s video to see how I lost $3300+ on FOSL but ended up recovering, as my psychology was not affected by the loss.
Continue Reading -->Options In Play – Recognizing The Environment And Adjusting Trades
Being a trader is all about seeing and reacting, and monitoring ongoing developments is a key to success. The character of earnings is changing, so we need to adjust along with it.
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