Archive for the ‘ Uncategorized ’ Category

TRADE REVIEW $C

$SPY $QQQ is still not seeing that push to the upside, we are consolidating through time which is bullish even a slight pullback is constructive as well , as it will set the charts a lot better to trade.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

For trading it’s really important to do your market prep well before the market opens, $C was the top stock to watch on my list today and when you done a good research all you gotta do is follow your plan and withing 10 minutes of the day the trade was done. Profits in the bank 🙂

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TRADE REVIEW $CRM

Flat day in $SPY $QQQ #ES_F , however still a lot of names moving and shaking, giving lots of opportunities throughout the day. $CRM was the number on our list coming in today and being the market it is, profits need to be taken fast and quick .

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

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Like us on Facebook: https://www.facebook.com/Dchsn6

TRADE REVIEW $PRGI

$SPY finally broke the 146.50 level  (https://dchsn6.wordpress.com/2013/01/09/your-not-missing-out/)  which I have been eyeing for a while and we are back in the bulls camp.  As a trader, you have to understand what kinda setups are your favorite goto setups and under what market condition are they going to work. If you read my post, I play breakouts and to be able to understand under what market conditions it’s going to be a high probability trade is what differentiates a winning from a losing setup.

 

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

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Follow me on twitter @dchsn6

Like us on Facebook: https://www.facebook.com/Dchsn6

Day Trader’s Nightmare

Today is a perfect example of why there are days when you sit out and days when you take on risk. Most of the guys in  online free trading room are sitting on sidelines today.  Just by the view of $SPY chart, it can bee seen fake breakout above opening range highs and fake breakdowns below opening range lows.  Big Picture perspective $SPY is doing everything right for continuation of bull trend, most of the people in online free trading room  are long SPY from 133.50-134 region based on this post. https://dchsn6.wordpress.com/2012/07/18/thesis-on-spy-and-qqq-going-forward/

 

 

Feel free to drop by our free trading room.

 

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What is next for $SPY

If you guys followed my post on June 21, 2012. https://dchsn6.wordpress.com/2012/06/19/why-i-am-long-tza/ . If you were long you should have been careful and take some profits. If you were going to go long, you should have stayed out. No questions asked, that post pretty much tell you everything and the reason behind it.

 

If you were long $TZA calls take some profits here.

The big question is what’s next. I have attached a key level in 1hr chart. If that breaks then your pretty much looking the levels I mentioned in this post https://dchsn6.wordpress.com/2012/06/10/thesis-on-spy-for-2012/.

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The $TZA call taken by my friend Mario @4dloveoftrading along with me reaped big benefits. Mario is also an amazing trader and a Great friend.Image.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

How I Traded $GRPN

$GRPN was an easy setup as it comes. If your in the right stocks you will find these easy setups, where you can double up on your positions and look to get some good risk-reward trades. It will allow give you two or three chances to get in or add more.

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If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

Facebook: https://www.facebook.com/Dchsn6

dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

How I traded out of beartrap in $QQQ and $GMCR through $ARNA

Started the day today staring at bearflags in almost all names.  With a big red bar in $SPY and $QQQ yesterday and a gap down today. I leaned on the short side right at the open.  $GMCR came across a name with a lot of room to go below. I shorted on the break of 21 level. At the same time $QQQ and $SPY was going down as well. But when I realised it was beartrap in the markets. I flipped the switch and started looking for longs.

$ARNA was one of my go to stocks right at the open for the long side other than $KORS which faded all day. When markets started to rip north $ARNA was just on the verge of breakout from its intraday high.

Attempt 1: Breakof intraday highs

Attempt 2: I added on the break of 7.55 which was key on the daily level.

Two things to notice here for today.

1. Never ever have a bias about the markets while daytrading and be ready to flip on a dime if the market action is not what you thought.

2. Position sizing is imp. Eg: If someone has a regular risk per trade as $150 for $GMCR traded he would have taken 500 shares. On the trade of $ARNA in 1st attempt he would have taken 1000 shares and on 2nd break another 1000 shares. So even though he risked the same amount on both trades. But with correct position. He would have come out positive.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

Facebook: https://www.facebook.com/Dchsn6

dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.