Is SPY About to Reverse? (Sami Abusaad’s Swing Trade Game Plan)
Sami goes over: Why he was surprised by Friday’s action How the SPY’s reversal signal can get confirmed Whether IWM is breaking out Why Sami likes FCX, JWN, WIX, SRPT, and other names The only name that Sami likes short Why Sami scans every day after the cose And more!
Continue Reading -->Bank Earnings Prep
Second quarter earnings season is ramping up starting Friday. Some of the biggest banks in the U.S. are reporting before the market open: JPMorgan Chase (JPM) Wells Fargo (WFC) Citigroup (C) Here’s a look at how the stocks are looking heading into these reports and the consensus estimates for results. JPMorgan Chase (JPM) Expectations Adjusted Revenue: $46.66 billion Adjusted EPS: $4.51 Wells Fargo (WFC) Expectations Adjusted Revenue: $20.23 billion Adjusted EPS: $1.28 Citigroup (C) Expectations Adjusted Revenue: $20.09 billion Adjusted EPS: $1.39 And the earnings action will continue with more banks next week! Goldman Sachs (GS), Bank of America (BAC), and Morgan Stanley (MS) are all set to report. There are several key questions for analysts when its comes to banks this earnings season. How are deposits faring? How is commercial lending holding up in the high rate environment? And, for the investment banks, are trading profits still at record highs? We’ll get those answers and more starting Friday morning!
Continue Reading -->David Prince’s Keys To Success
David Prince of T3 Live’s Inner Circle discusses his top keys to success for traders: You’ll learn: how position sizing can make or break you how to make more by holding trailers most common mistakes that traders make when to get out of a losing trade
Continue Reading -->Why Tesla Is Going to $300 – JR Romero Explains
This week’s Open House with JR is BOOMING. Watch this video to see why so many people love JR’s calls in Momentum Express. JR goes over: Why he got long Tesla around $172.50 when everyone hated it What happened when Tesla stopped dropping on bad news The importance of Tesla’s energy unit Why he thinks the stock is going to $300 Why this was a textbook swing trade Why all the bad news is factored in
Continue Reading -->How to Trade AMD, Tesla, and Nvidia – And Why Tesla Can Hit $300!
This week’s Open House with JR is BOOMING. Watch this video to see why! JR goes over: Why he’s been so bullish on Tesla (TSLA) since well under $200 You can watch an individual clip on that here: JR also goes over: Why he thinks Tesla can hit $300 How he spotted a unique long opportunity in AMD (AMD) today The reason he got long Nvidia (NVDA) for a quick ride higher Monday How he plans to react to a light CPI (if we get it) How he finds winning ideas in this tough, grinding market
Continue Reading -->When To Exit A Losing Trade
Choosing when to get out of a loser isn’t always as simple as operating with a set stop loss. David Prince of T3 Live’s Inner Circle explains how he chooses when to take a loss: Do you listen when the market is telling you you’re wrong or running out of time? Knowing when to cut your losers to let your winners run is key to success.
Continue Reading -->Can You Outperform The Market?
David Prince of T3 Live’s Inner Circle explains how traders can create Alpha through sizing: Are you taking on too many positions? Maybe. Sometimes, less = more in this game. And it’s possible to outperform the market with proper sizing on your best positions.
Continue Reading -->How David Prince Nailed TSLA’s Drop
“This is the greatest day in the history of days” That’s what one Inner Circle member had to say after a winning day trading Tesla (TSLA) puts in the room! David Prince saw weakness coming in Tesla earlier this week and went long the July 19 $245 puts on Tuesday. It was a nerve wracking trade for some with Tesla up over 50% since the end of June. But it all paid off on Thursday when the puts popped more than 200% as Tesla announced delays to its robotaxi project. This trade paid off big for members who were willing to follow along. How do we know when the top is? “The way to find tops is to look for relative weakness. When the Nasdaq is up 3 points and Tesla is lagging… you’ll know we’re at the top.” David also logged a winning Tesla puts trade inside his Epic Trades newsletter this week! Click here to learn more about Epic Trades so you don’t miss the next big idea from David.
Continue Reading -->Advice for Permabears: Opportunity Cost Is Your Enemy
What do you do if you missed $AMZN $NVDA $TSLA $AVGO?@epictrades1 explains the problem with being a “smart” permabear. This sounds a little mean… but you need to hear it. Opportunity cost is killing your P&L. pic.twitter.com/uCay0JOYgV — T3 Live (@t3live) July 4, 2024 The problem with being a permabear is opportunity cost. So many traders are obsessed with predicting declines that they miss out on all the huge opportunities on the way up. Plus, when things do correct, whatever a bear makes is dwarfed by that they could have made if they participated in rallies. David Prince explains this ugly truth in a not-so-nice way that people really need to hear.
Continue Reading -->Can Tesla and Amazon Still Run Run Run?
Brought to You By Power Plays SPX futures are +3 after a big three-day move that held 5446 last week to hit 5570 on Friday (all-time high). Now we see if we hold 5520ish. We have CPI Thursday, PPI & bank earnings on Friday. And Powell speaks tomorrow. Now let’s dig into some individual names: TSLA was a big money trade for our community as we hyper-focused here to clear the $191 and $199 area. It hit $252 Friday. It’s down small this morning which is no surprise because it’s a little extended. I’d think $242ish holds. It should be in play for the rest of the year so keep it on the radar. AMZN gave a big money trade when it cleared the $189-$191 area to see $200ish. Some news about Jeff Bezos selling stock slowed it down. It can still see $205-$210. The first step towards that would be a high volume move over stay above $200.55. MSFT has been a great Power Plays name. It cleared key levels at $433 and $457 to hit a high of $468 on Friday to manage. There is no real setup now. NVDA finally woke up last Wednesday as it went through a “re-build” stage. Friday it was out of play. I’m long versus the $125 area. We’ll see if it can hold today and trade better. The next spot to clear would be $129ish. AMD chopped up traders for months then finally cleared $166-$167 with volume and authority Friday. It’s giving some upside follow-through this morning to trim. Chances are this works back to at least the $183 area. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. See why now’s the right time to join. Your Tip for This Week: Take a Blue Collar Mentality Every day is a fresh start. As traders, we must maximize the opportunities that are in front of us at the present moment. Forget about what happened yesterday, and don’t obsess over what may happen tomorrow. Let’s say you have a bad Friday. Don’t come in on Monday thinking you have to make up for it. You won’t be able to manage risk because you’ll be trading out of desperation. Even the best of us have rough stretches. But if we follow our principles and enter every day with a plan, our good days will outweigh the bad. Just take it one day at a time. On the flip side, if you make a fortune on Monday, don’t get lazy on Tuesday! Stick to your plan and make the most out of what you see. This Week’s Calendar There’s not much going on today. But the rest of the week will be busy with Powell Testifying, CPI, PPI, plus bank earnings Friday. Should be interesting with light summer volumes, which could create volatile action. Positions Disclosure as of 2024-07-08 at 10.14.59 AM
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