Thursday, October 8, 2015

Trading INTRA DAY Falling Wedges

Hey traders!

I wanted to share a post on a "DAY TRADE" setup i look for daily; INTRA DAY Falling Wedges. Over the last few months, what i have noticed is often somewhere between 10:30AM and Noontime, stocks that fall hard and start to create intra day "WEDGE" patterns, tend to find bottoms or at least good reversals between 10:30AM and Noontime). I don't know why or how it happens, it could be Algo related. Not exactly sure why but i see often enough where i take these intra day trades when i see them setting up in the right stocks.

Here's an example of a trade we did today at the ART OF TRADING in TSLA.

For me personally, this trade was good for a quick $2,300 profit.

For good details on these trade setups: Check out my webinar with Keith Kern : HERE 




A new ART OF TRADING member who's still on his free trial tweeted me this: 

  Bought 50 @ 222.28, sold @ 224.61..there's my monthly subscription in 10 minutes. Awesome!!! "




The key is to find a solid company or ETF: Stocks i like to use for these trades include:  NFLX, AAPL, AMZN, SSO, TQQQ, FB, TSLA, GOOGL . You get the idea.

I like to enter in 2 or 3 pieces by slowly layering into the trade as the stock starts to wedge and show signs of sellers "drying up". Has to be a very sharp selloff from the open, a GAP UP that fades in an avalanche selloff that forms a WEDGE is the most ideal setup.

Hope this helps!


DateSymbolSubjectAction
10/8/2015 12:06:02 PM ETTSLA Sold 1000 TSLA @ $224.763Executed
10/8/2015 11:53:07 AM ETTSLA Bought 500 TSLA @ $222.6599Executed
10/8/2015 11:49:18 AM ETTSLA Bought 170 TSLA @ $222.2464Executed
10/8/2015 11:49:18 AM ETTSLA Bought 70 TSLA @ $222.2464Executed
10/8/2015 11:49:18 AM ETTSLA Bought 90 TSLA @ $222.2464Executed
10/8/2015 11:49:18 AM ETTSLA Bought 80 TSLA @ $222.2464Executed
10/8/2015 11:49:18 AM ETTSLA Bought 90 TSLA @ $222.2464Executed















































































































































Thursday, April 2, 2015

Anatomy of a Parabolic Short: Day Trading Technique


Hey folks,

Here's a Day Trade i made today in my personal account. It was a very slow day in the market but while running my INTRA DAY scans i saw this trade setup and here's how i played it. I rarely short stocks in a bull market but this one was a rare exception.

I like to use BOLLINGER BANDS to help spot potential OverSold and/or OverBought stocks to Buy or Selll(short).

Note: this trade for experienced traders only. Rookies, please stay away from this type of trade setups until you get some more screen time under your belt.

I entered the trade in 3 separate pieces and averaged entry was $21.85-ish while holding 13,000 shares. This trade was good for a quick $2000.00 gain... coulda, woulda, shoulda been much much bigger with a lil more patience but as you already know, i am the "impatient trader". 
My stop loss was 10 cents above the $22.00 round number. 

Hope it helps!







DateSymbolSubjectAction
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 1400 GSM @ $21.6699Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 300 GSM @ $21.668Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 300 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 400 GSM @ $21.6699Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.66Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:23 PM ETGSM Bought to Cover 16 GSM @ $21.7Executed
4/2/2015 3:01:12 PM ETGSM Bought to Cover 600 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 4500 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 2420 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 300 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 800 GSM @ $21.7Executed
4/2/2015 3:01:10 PM ETGSM Bought to Cover 100 GSM @ $21.7Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.628Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 51 GSM @ $21.62Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 153 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 6 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.65Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 54 GSM @ $21.65Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.65Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 500 GSM @ $21.9316Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 65 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 403 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 92 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 46 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 54 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 40 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 200 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 1800 GSM @ $21.86Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 100 GSM @ $21.86Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 400 GSM @ $21.8666Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 2700 GSM @ $21.8666Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 400 GSM @ $21.7601Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 115 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 200 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 285 GSM @ $21.74Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 2200 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 800 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76

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