Back To Basics Seminar 8PM EST Sunday Night June 24th!

by | Jun 21, 2012

Please post all questions you may have for seminar on June 24th – Sunday Night at 8PM EST

For me this week has been up and down .. it’s summer and we’re in a big bear market rally …. like I said when it first started reversing off lows ‘never underestimate a bear market rally’ well I like to 🙂 we’ve had a ton of great trades out of the open and then any time I “chase” rather than chasing and cutting it off I’ll add and turn stubborn = not working in this market. There’s very few weeks per year that I find difficult to navigate .. this is just one of them as I’ve said over and over use LESS size. STICK to your STOPS don’t just hold because someone else does, don’t just hold because you THINK it will go down, don’t just hold because you THINK it will go up … etc. Lastly, never let one trade take you out, there are plenty of traders NOT here because they did just that.

As I’ve said, reminded etc etc June 25th prices will be going to $197 monthly and will have additional quarter, 1/2 year and yearly subscriptions as well. EVERY SUBSCRIBER who is a current member on or before June 25th will have NO CHANGE to pricing you are grandfathered in for the life of your subscription.

My goal is to find members who want to learn over the course of 3, 6 and 12 months – not 1 month and give up. Members who are serious about learning a strategy that yes, can make you solid income each year.

My PLAN for Sunday is to take the “How to trade the chat room” put a more recent spin on it with more recent examples (as well as what I’ve covered before) and do it visually, speaking … which based on the feedback is a home run for you guys .. or so you’ve said. So let’s do it!

9 Comments

  1. If you do webinar, can you please record it since I might not be able to attend at 8pm. I missed last seminar and not no clue what it was about.

    Reply
    •  Yea last one was a test, I recorded half of it.. I’ll figure out how to add it

      Reply
  2. Nate, I am sure that it is going to be an awesome webinar. I would not miss it for anything (but it is my Wife’s birthday Sunday and I have to miss. Please record for us to watch later online. Thanks a lot! 

    Reply
  3. What scanner are you using for your nightly watchlist?? 
    I have been a member since this week and I noticed that you are trading the ABCD set up a lot, so does the time matter? or do you also buy the set up mid day??
    my last question: What intraday scanner do you use??

    Reply
  4. Two questions:
    1) The morning trades you usually take right out of the gate or in first few minutes of a trading day are usually very nice, but those are not the usual setups on new members page, are they? Could you explain these setups too pls?
    2) You usually take short position into strength on parabolic and catch almost the top. Do you have limit order preset at some point = do you guess the top? If you would short after reversal, there would have to be at least cpl. red bars to recognize that..what tells you that here is the top?

    Reply
  5. What is your sizing in and out strategies? Do you solely add to your positions on dips/pops and sell out the same way on dips/pops?  Or is there price movements that you use to better gauge when to add to or sell from positions?  Also is there any method you use to gauge what your initial position size is going to be and subsequent adds?

    Reply
  6. 1) In your power point presentation you talk about “ABCD” and how to go long. A=HOD, that is obvious. But I don’t understand the “distance between b and c and the importance of D” concepts. Could you elaborate with more detail & preferably with numerical values.                                                                   
    2) On earnings misses when the stock gaps down 30-40%, it is tempting to go long for a rebound. However, as a recent example TPX went down and down on the first day. You talked about “the trap” I didn’t buy on day 1 but just observed the price action. On the second day, I correctly predicted the stock would further break $22 and I took a position at $21.70ish only to see it drop further down to $21.08ish.. I still made great money on the way up as it rebounded several points BUT I wonder how I could have refined my entry on day 2. I still missed the bottom by about 60/70 cents. More often than not, I get quite reasonably close to a possible bottom, but not as close as I could. How does one identify when a capitulation or a” washout” needs to occur and is there a difference between those 2 terms? Sometimes earnings misses that gap down 30-40% eventually have a massive final red candle, immediately followed by a big green candle that can signal buyers coming in and a reversal but other times there is no obvious sign of a capitulation but just grinding lower and lower over several days, often 2 or 3 days whilst the margin sell calls get exercised and the selling exhausts itself out. So how do you refine your entry point under those 2 scenarios from a big gap down earnings play?

    Reply
  7. One question for Muddy if he’ll be available: I notice you often get into a pre-market mover very shortly after the open. Once you have selected your dozen or more pre-market watches, how do you determine which (if any) to enter so quickly? Do you have a quote box open for each one and go for the most “jiggy?”

    Reply
  8. Question about ONXX:(gap up parabolic daily and a intraday grinder type) I’ve been watching it for late day fade every day since the gap. Should I not even think about a late day fade ss until it starts sideways action?

    The more I study these types I think I am fighting the trend….. clearly the momentum is with the bulls for now on this ticker….. should I switch my mindset on ONXX types and go long on dips for the first couple of days??

    Reply

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