Tuesday, May 30, 2017

FSLR long

Called $FSLR long in twitter and stocktwits and played it above 38 and kept adding at every opportunity to get into full size. Stop was always below 38 and exit was close to 39 area. Check out how I played it

Thursday, May 25, 2017

ULTA long play

I played my very 1st strategy called the "Power Bar Play" after a long time and see how beautifully it plays out. I called out my gap list that I am watching today before the market opened on twitter and stocktwits and check out how I played it so successfully.

Only issue was the stock was way too spready and I wanted to get out of it at the earliest opportunity.
Learn this with my DVD, simple strategies that will pay off  http://www.agaptrader.com/Trading_DVDs.php

Wednesday, May 24, 2017

INTU short - fade play

My strategy called fade play when the stock is opening high but opens so much higher that the initial reaction of everyone is to sell the stock creating an initial drop in price. This is how I played it and the strategy is discussed in detail in the dvd


Tuesday, May 23, 2017

XLNX short

Called it live on twitter and stocktwits at 9:33am before the move happens. I shorted it close to the 64 mark and took profits close to next whole number at 63. Played out awesome. Check out how I consistently call such plays and profit from it. I called it much before the play happened.

Check my dvd if interested to learn simple day trading - http://www.agaptrader.com/Trading_DVDs.php

Friday, May 19, 2017

WDAY long

Called Workday long when it had not yet started going up at 9:39am EST. Check out how I played it again. This strategy covered in my dvd is called - Mid Bar Continuation play. Check out how I played it and why I take profits at whole numbers. Another awesome trade called live on twitter and stocktwits

Thursday, May 18, 2017

FSLR trade - Gap FILL?

One of the traders had earlier asked me a question about the gap fill on FSLR trade today and if it is 30.32 or 32 or 32.5 and my take on it. We did go to and fro on this and here is my take on gap fills and approximations.

Few things I have seen with stocks is:
1- there are no absolute rules that it HAS to fill the gap. It can also fill in 55% of that gap and that is considered good too.

2- Most of the time it works with approximations like whole number because many traders like me take profit or hits stop loss at close to whole numbers. So it is always a region not a definite value. Many may not agree on this but it does work many times. There is no brick wall that the stock has to touch a point before it can go up/down. Hence approximations work

3. Just because this is one example that is being discussed does not mean that this is the RULE. It was for this example, tomorrow it may do something different like CASE 1 pointed out in the chart.
4. Stock price and liquidity has a lot to do with it too. $3 down is 10% down that is big so even if one gets anywhere between 3-7%, it should be good enough and trade-able.

5. Most of the times it works with support resistance better. Like 32.5 region is where the support likes and so is 33.5, it could have gone to 30.32 too.. but that is way far off and the daily pattern does not show that the stock on an average moves $3-$5.

6. 200 Day Moving Average is shown with a purple line. That also has significance and that may hold if stock is up or may hold if stock is low. It will test that point just because many traders believe in it.

7. Fibonacci series traders have a definite way of trading and that works too.

Taking all this into consideration, I would take profits at whole numbers most of the time and it has worked for me with my strategy. It may take many sessions for an actual gap fill. So day trading has a different meaning on it. Longer term or swing trades can say 30.32 for their eventual target, may work for that strategy. Again there is no brick wall that it has to bounce. Approximations always work.
As you can see different traders trade differently based upon chart intervals, type of trading - swing/day/long and hence no ONE trader gets their way. This is what makes stocks most interesting...

This works for my strategy, does not mean the other strategies and successful traders cannot have their way. As long as a trader can do it consistently, I think anything goes. Hope this helps.

Pattern and Strategy: FSLR and CAT

Check out how my strategy called - Mid Bar Continuation. Check out the similarity between these 2 charts. This is covered in detail in my DVD on how to spot, prepare for the trade, stop loss and add to your position and exits.