Why You Need to Know What Stage Your Stock Is In
Ryan Tonking | Black Room LessonsToday’s video talks about the importance of knowing what stage the stock is in before entering. We’ll use some current examples to show why this is so important to avoid unnecessary stops and early entries. We’ll also look at why it’s not always best to “catch the top” when you enter short.
Continue Reading -->Options Update: Getting Ready for Retail Earnings
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowThis video is going to talk about Retail earnings which will pick up in pace this week. The XRT is right at its 52 week high and should have a busy stretch coming up.
Continue Reading -->My Favorite Day Trading Strategy for ‘Flawed’ Setups
Sami Abusaad | Black Room LessonsIn theory, only patterns with no major flaws should be playable. However, such patterns are rare, and limiting one’s trading to picture perfect patterns will virtually guarantee missing out on most days. As such, some patterns that are not considered “flawless” should become playable if the stock makes a move that fixes the problem. We call that a Secondary Sign of Strength (SSS or SSW when playing short).
Continue Reading -->Options Update: CROX Is Still Alive!
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to be a follow-up on CROX. The stock has had a crazy couple days following earnings so we will talk about what’s next.
Continue Reading -->Options Case Study: When a Goose Follows a W
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowToday’s video is going to talk about GOOS. The trade has some parallels to W that reported last week, which factored into the close of the position ahead of earnings.
Continue Reading -->A Unique Way to Catch Tops and Bottoms By Going Against the Trend
Sami Abusaad | Black Room LessonsIn the stock market, what seems low often goes lower, and what seems high tends to go even higher. However, most traders can’t resist a good bargain. The temptation to buy a falling stock is usually exasperated by the fact that falling stocks occasionally have notable bounces, perhaps on high volume, giving the impression that the stock has bottomed. In this video, we discuss what to look for and how to catch a falling knife “the professional way”. Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->The Basic Structure of a Black Room Trade: Part 2
Ifan Wei | Black Room LessonsA previous video discussed the necessary components of every trade, and how they affect the probability for a winning trade. This video explains why they are necessary even though they reduce chances of being “right.” Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->74% of Surveyed Traders Bullish on NVDA in Our Latest Mystery Chart Challenge.
==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House Yesterday, we held our second Mystery Chart Challenge, which is our version of a classic blind taste test. It’s your job to analyze the chart without the influence of knowing the ticker. Here’s the chart we showed: And as you can see in the title of this article, it’s Nvidia (NVDA): Only 2 respondents guessed it right, and a third was awfully close in guessing Advanced Micro Devices (AMD). And how do surveyed traders* feel about Nvidia, based on the blank chart alone? *this is NOT some kind of scientific sample and we can’t promise any statistical significance, so please take these numbers with a very large grain of salt Very positive, as it turns out. 73.7% said they were bullish based on the chart along. 15.8% said they were bearish. And 10.5% were in the middle! Stay tuned for our next Mystery Chart Challenge! To ensure you get notice to participate next time, sign up for our free newsletter here.
Continue Reading -->The 2 Times When I Use Volume In My Trading
Ryan Tonking | Black Room LessonsToday’s video explains when a volume increases in important, and when it means nothing. Volume spikes can draw a lot of additional attention to a stock. Most of the time, the volume increase means nothing, but today in JEC the volume spike meant a lot. and enabled us to capture a nice move higher.Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->The Basic Structure of a Black Room Trade
Ifan Wei | Black Room LessonsThis video outlines the necessary components for each and every trade. Then, we discuss the effects each component has on the probability of that trade.Trading is not easy, especially if you are trading on a whim with your gut or listening to ‘hot tips.’ This video will likely discourage a lot of people interested in trading, but it’s important to understand the requirements for structure and consistency.Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->