Cattle, Bonds, Copper, and Daytrades
New daily time frame entries and walking through today’s daytrades so you can see the setups and process. 4 for 4 today, and here’s what we traded, how we scaled in and scaled out — and that’s the key!
New daily time frame entries and walking through today’s daytrades so you can see the setups and process. 4 for 4 today, and here’s what we traded, how we scaled in and scaled out — and that’s the key!
In this video we look at the market as we continue to bounce between levels in a range-bound chop. We talk about where we might go and look at several potential outcomes.
One thing I always do with all my entries is think in zones: Aggro, Moderate, Conservative. Here’s how I think about risk taking and position sizing.
Two big questions I get is how to better manage the morning daytrades (which is my focus each day from 9:20, even 7:00, to Noon ET) and then how to manage risk on longer term positions. I explain both in detail here.
PTON, one of my favorite COVID-19 stocks, is up for earnings this week, and we are seeing that pre-earnings run come through. Check out my ideas for continuing to trade this, both pre- and post- earnings.
The indexes hit resistance and fell swiftly on Friday, but so far, it’s just been a one day event. COVID-19 stocks remain hot, and I’ve got my eye on several earnings reports this week, along with key runs into earnings later this month. Let’s check out PTON, MRNA, TTWO, ZS, COST, WMT, BYND, and more.
It’s not even across the board as far as bullish structure in the indices. That said, the NQ is by far the best for a potential buy and that means the XLY, AMZN, and DG could go along for the ride.
We run the gambit today in this update. Which markets am I bullish and why? Energies are still in the spotlight; which am I open to shorting? As well as prepping for tomorrow’s session for daytraders and my guidelines.