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Why I am not High Frequency Trading Right now
Being a discerning daytrader means knowing when NOT to trade and waiting for your pitch. Here are the pitches I look for in the morning session and levels that we can trade from.
Update on ES. 2/16/2021
Here are the targets and projections on the Daily and 120 minute charts… Be sure to trail up your stops because many moves tend to terminate at extensions.
Short Interest Buys: ZM, CHWY, And More
Today I discuss a larger time frame view of the overall markets and discuss buying names that we typically love trading, whether because it may have short interest above 20% and/or is in a Squeeze. Specifically I give you my take on ZM, CHWY, and more.
How To Take Profits
“Pay yourself while you can, not when you have to:” This is the philosophy I use to handle my profit taking. Here’s an example from this morning’s NQ daytrade.
Gap Day
In this video, we discuss the huge gap down we had after reaching the new all time high. We are in a crazy market and it’s tough to tell what comes next, but we look at levels and try to figure out which way we should go.
Gains Pullback for a Buy Setup
Both corn and soybeans have pulled back after the USDA report Tuesday and are retracing for a long setup. Here’s the pattern I am expecting…
Setup in TGTX. 2/11/2021
I have a pullback for you in TGTX but it needs a trigger. Always remember NTNT (No trigger, no trade).
Strong Rallies and Short Time Frames
Is the market overbought? Remember that uptrends are inherently a market of imbalance: Lots of demand and little supply in the most basic sense. If you are concerned about a pullback, shorten the time frame.
