frankz

$DECK, $MDB, $UA, $CDNA, $DT, $OKTA are six stocks that are trying to emerge from bases. I’m always intrigued by bases, typically, a prolonged period of contraction leads to an extended period of expansion. We have covered bases extensively here (SEE BELOW) on the blog, and they are one of my favorite set-ups. Stan Weinstein, the author of Secrets For Profiting In Bull And Bear Markets, has a great definition of the “basing area,” specifically the ones that are formed after several down months. The Basing Area: “After XYZ has been declining for several months, it eventually will lose downside momentum [...]

  You can find stocks before the breakout here (Managed Assets)   A lot of Do It Yourself traders work with me at the trading room  You can view over 300 shared trades including all the ones from last week here 

When it comes to exits you are always going to feel some type of remorse, you sold to soon, you should've sold all the shares earlier, etc. What you need is clarity; are you a trader or an investor. What are you looking to accomplish with your trading?     To keep the selling remorse to a minimal level, I suggest clarity, and I suggest diversifying your sales; sell some on the way up, trail a piece 2x ATR, sell some when it breaks the 10-day, sell some when it violates the 20-day, etc. But be consistent with this approach, [...]

It is important and often profitable to be aware of any themes and sympathy plays that are occurring; this week, the COVID plays were back in action and also the electric car shell companies. Here is an old video explaining the importance of taking advantage of theme/sympathy plays;   It all started with $VXRT, which is also stuck in a perfect storm of news, theme, and Russell rebalancing. The type of situation that makes you look like an idiot instantly. The buy was spot on, for my timeframe entries are matter, they matter a lot. The entry was spot on, [...]

Here is the YouTube Live Charting Session with Joe Fahmy. You can find stocks before the breakout here (managed assets)  or DIY at the trading room  You can view over 200 shared trades including all the ones from last week here   

Here is the live meeting I did with Joe Fahmy, we discussed the indices, our process, the mental aspect of trading, and much more. The live meeting was received really well by the community and we answered some questions from the viewers. Enjoy! You can find stocks before the breakout here (managed assets)  or DIY at the trading room  You can view over 200 shared trades including all the ones from last week here 

Last week I spent an hour doing a live zoom meeting about trading and how to get started. The video covers a lot of ground and I believe it is well worth your time. How I start my day. My Scans. How I narrow down the universe of stocks. Setting Alerts. Entry points. Targets. What works in the short-term and a lot more. You can find stocks before the breakout here (managed assets)  or DIY at the trading room  You can view over 200 shared trades including all the ones from last week here 

Do you know beforehand which stock is going to breakout? NO. Do you know beforehand which stock will be the biggest winner? NO. Do you know the sequence of wins and losses? NO. Can you control what the market does? NO. Do previous trades have anything to do with future trades? NO. Because the last 3-trades were winners, does that mean that the next one you take will be a winner? NO. If your 3-last trades were losers, does that mean that your next trade will be a loser? NO. Do you know the buy stop? YES. Do you know [...]

Anyone can find themselves in a winning trade or a few; all you have to do is know how to click the mouse.  But to be consistent, you have to execute well. Trading is mental. Execute your trade without thinking about the outcome of the trade. The outcome of the trades is unknown. Accept the fact that the trade will work or it won't work. We don't have an edge on a trade by trade basis, the edge is seen after a series of trades.   Mark Douglas said it best; "Convince yourself that you don't need to know what's [...]

My swing trading equity P&L line looks EXACTLY like every stock chart, and it has ALL the stages that you will go through as a trader; consolidation, rip higher, rug pull, grind higher. If you go through 1,000 charts, you will notice the exact same pattern; if you go through the returns of 1,000 mutual funds or hedge funds, you will see the same pattern repeat itself over and over again. Once you start seeing the pattern for yourself and you start to accept the fact that these stages are unavoidable, you will stop falling for the trap of always [...]