Posts Tagged ‘ Equities ’


Easy day in the markets , $SPY $QQQ $ES_F are still in full on bullrun, with no stopping. We caught a trade in $CELG, 3 attempts in this stock before it actually started running in the 3rd trade which was a massive gainer ūüôā


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Basebreakout my favorite play was back in action today. Right off the bat in the morning in the free live trading room, I mentioned best case scenario for the bulls would be a slight up or down day in $SPY $QQQ $IWM, basically long story short a DOJI Candle is what I was looking for.

At this point of time unless a stock has some catalyst behind it, I don’t wanna be shorting any stock. I was looking around for some names to go long all morning, but most of them acted really sloppy and the candles on those charts were all over the place. As usual I ask my guys in the trading room to look for stocks which are clean, hence lesser chances of getting chopped out. I came across $LULU which was one of the strongest stocks from yesterday and was eyeing for an entry to go long. Once I saw the pattern , basebreakout in this case, ¬†yours truly pounced on it and ¬†made ¬†a quick 5R reward to risk trade. The best of all, I timed it the markets as $QQQ was just breaking it’s intraday high as well, it helped me to get in pretty big in size with this trade.

Picture are worth a thousand words, so here it is

My top idea going into tomorrow is $LNKD, drop by in the free trading room , if you would like to see how I trade it.

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I have been asked this question many a times why I don’t trade the open as easy and quick money is always ¬† made there. My response has always been it’s not within my¬†gameplan. ¬†Which hours to put on trades is one of major criterias of my trading and has given me high probability trades with minimum risk.

I break it down into two

1. For morning session 10:00-11:30am

2.  For afternoon session 1pm- 2:30 pm.

I have mentioned 6 reasons in total for both morning and afternoon session.

The thesis behind morning session:

1.By 10:00 am whichever stock that you want to go long or short would have shown you the trend by then.

2. The type of candles that have been laid down you can evaluate it easily. If before 10 am , the candle laid out were whippy and choppy with big tails up or down chances of you finding a good entry point in such a stock would be low.

3. Spreads are tighter than the early morning rush, hence easier to define risk and if the trade reverses against you ,you can smack it out easily, rather than an early morning trade say at 9:35 where you put on a trade and if reverses on you the stocks moves so fast and spready that it’s highly likely you won’t know what hit you, you would be like a deer in front of a car (it has happened to me before many a times but not anymore).

4.  Even though you might have made watchlist from yesterday not all of them would have triggered or moved the way you would have thought so.  Hence between 9:30am- 10:0am you can build a solid watchlist based on the market direction on that particular day.

The thesis behind afternoon session:

1. Whichever stock that has trended in the morning,  it will usually give you another opportunity unless the stock has already maxed out its daily range or its extended on other timeframes.

2. Spreads are controllable and risks can be more defined.

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