I review some ideas for momo entries and a great video to watch how I do it, the pullbacks we were waiting for on the daily timeframes as well as sectors that are poised for the best bounce, as well defining successful trading.
Pinning does not always work, but sometimes it’s perfect and most of the time we have the chance to manage somewhere in between. We had 3 of them coming into today’s expiration, and if you spend some time studying them, you can increase your probability of success in trading.
The week started off with a bullish tone, but the pop was short lived as the Nasdaq led the way lower into Friday. We still found plenty of opportunity in names like NVDA and ROKU, but it’s as important as ever that you’re using the right strategies to make the best run at this market. Let’s look at what that’s been for me.
Two topics covered in this video: Where I would buy the 30-year, and alternative ways to buy on a pullback and control risk, as well as the cost of the trade.
Here’s how to buy the dip. A few things to keep in mind. Stocks in congressional crosshairs, earnings, and weighting.
This market is fun, but you’ll need your seat belt.
