How a ‘Breakeven Trail’ Can Sabotage Your Winning Trades
Ifan Wei| Black Room LessonsThis video discusses the breakeven trail. There is a psychological comfort to trailing a trade to breakeven because of our natural loss aversion. However, it is too often overused to sabotage potential winners. Watch the lesson, then join this week’s Black Room Open House.
Continue Reading -->Mystery Chart #2: Are You Bullish or Bearish?
==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House It’s been far too long since we’ve issued a mystery chart challenge! This is our version of a classic blind taste test. Here’s how it works: We’re giving you a 6-month daily chart with 10/20/50/200 day moving averages, and no name. It’s your job to analyze the chart without the influence of knowing the ticker. Last time, 179 people participated… and a lot of them were angry to find out they were bullish on the gold miners (GDX). Here’s the latest mystery chart for you to analyze: Are you bullish or bearish? Enter your vote below, and guess the ticker if you dare. Make sure you hit the submit button so we can log your entry. Tomorrow, we’ll reveal which chart this is, and post the results. Good luck! Loading…
Continue Reading -->Rolling Along with an Apple Options Play
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowThis video is going to talk about rolling positions and trade management. The AAPL breakout this week has led to another opportunity to revisit our rolling strategy.
Continue Reading -->Can Apple Stay Special and Go Again?
Apple (AAPL) has been great to the Redler All-Access community. It gave us time to buy after earnings and hit a high of $208.74 on Friday. Now, it would be good to sit over $205.48 for a session or so to create a flag-type pattern. That could keep it special to possibly go again.Amazon (AMZN) didn’t have enough power to hold and go after earnings. If the market is going to be strong, it will need leaders like this one. To act special and help things, it needs to hold $1801 and perhaps $1841. Above $1841 could bring momentum back.Google (GOOGL) was a great options/earnings play. It put in a high at $1292 before tech came under pressure. If it can hold $1229ish, perhaps it gets tight enough to clear $1246-$1253 to get back in play. But it will need big volume.
Continue Reading -->Announcing a Major Change to Scott Redler’s Private Twitter Feed
Dear Traders, Beginning January 1, 2019, Scott Redler’s @RedlerAllAccess will only be available to paying subscribers as part of their “FULL” Redler All-Access subscription. The “FULL” Redler All-Access subscription is Scott’s flagship service offering a streamlined user experience including:Scott’s Morning Note newsletter with detailed analysis of 25-35 stocks, ETF’s, and indicesThe Morning Call and Daily The Daily Recap videos, which include extended technical analysis breakdowns of the market actionThe @RedlerAllAccess feed for Scott’s real-time updatesYou’ll have access to ALL of Scott’s daily content in this one powerful service, where subscribers are part of a unified community. How the Transition Will Take Place As of January 2, 2019 – the first trading day of 2019 – you will only be able to receive Scott’s valuable real-time market intelligence through the @RedlerAllAccess feed if you are a member of the “FULL” Redler All-Access service. Nothing will change for “FULL” Redler All-Access subscribers that are already enrolled in the FULL Redler All-Access subscription. If you are not a “FULL” Redler All-Access but would like to join and get the full benefits of Scott’s daily market commentary and technical analysis, please click here or contact customerservice@t3live.com or call 1-888-998-3548. Sincerely, T3 Live
Continue Reading -->Why the Right Psychology Is So Important to Your Trading Success
Ryan Tonking | Black RoomToday, we will look at some trades that were taken and what happened to my mental state as the day progressed.We’ll also cover the shift that happened as a result of taking a break which helped me get back in the game. Entry and exit rules are important, risk management is even more important, and keeping your psychology in a healthy place is the most important part of trading. (After watching the lesson, scroll below the video to sign up for the Black Room Open House)
Continue Reading -->How Apple Can Stay Special After Earnings
Apple (AAPL) had a solid earnings report across the board and gave time to buy after hours around $194-$196. It cleared that and is at $198+ this morning. I trimmed some but will stay with some. We’ll see if the momentum stays. To keep it special, it has to stay above $196.Facebook (FB) has a huge hole in its chart post-earnings. On Monday, it broke $173 to hit a low of $166.56. Yesterday, it held above the low and I got long. Today, I’ll see if it holds $170ish for one more push above $174.24. But it’s hard to add on strength.QQQ held the 50 day Monday for an oversold bounce. Now we need to see if it builds. Bigger resistance is in the $178.50 area. Watch AAPL to see if it holds and builds, or sells down — that will tell us a lot about sentiment.
Continue Reading -->Apple Earnings on Deck: These are the Levels to Watch
Apple (AAPL) reports after the close today and as you know, it’s an important one to watch. There aren’t many names breaking out and holding to the upside, so the report needs to be super special. I have $190 calls on, which I might take off since there will be a decent premium baked in. But we’ll see. To keep momentum after hours, it needs to get and stay above $195-$196. If it misses, there is some support at $180ish, and then there’s the 200 day at $175.35.Amazon (AMZN) gapped up and couldn’t hold its momentum level of $1858-$1863. Then it sold down. Yesterday it started up and then was sold under $1805 to hit a low of $1766. Today it’s up again. See if it holds or if the same pattern continues. It’s important for tech psychology so keep an eye on it.
Continue Reading -->Where AMZN and AAPL Need to Hold Now
On Friday, Amazon (AMZN) gapped up and couldn’t hold the $1858-$1863 momentum level. It sold down. Now it’s up a bit this morning. This name is important to watch moving forward. Does it hold the $1805 area? Or will there be follow-up selling to hurt high-beta tech psychology?Apple (AAPL) tried to have a pre-earnings run but it sold down on Friday. Earnings are Tuesday after the close and I have calls on. I’m not looking to add. We’ll see how it reacts into the print. A move over $196 after earnings would help tech, but that’s a lot to ask for. SPX futures are -2. It’s hard to tell if the weakness in growth names will hurt the S&P. Today, we’ll see if we hold Friday’s low at 2808. But really, as long as we hold 2795ish, we can’t get too bearish. But it’s still a very specific type of trading action. Bios and small caps lost momentum, and lots of high-beta tech stocks are in the penalty box. AAPL earnings will be important.
Continue Reading -->AAPL Earnings & What We Are Expecting
Options in PlayOptions Trades with Kurt Capra & Daniel DarrowAAPL Earnings & What We Are ExpectingThis video is going to talk about AAPL and its earnings early next week. AAPL is behaving different than the other FANG stocks and there looks to be more upside coming for the mega-cap.
Continue Reading -->