The market offers riches to traders who build the right kind of trading skills. While everyone was scared and telling everyone to stay in cash on Friday , it was indeed one of the best day to put a trade on for quick profits.
Traders who are stuck in certain way of thinking find it hard to make money. They are always waiting for perfect markets to setup and in the process miss out on opportunities.
All these stocks showed up in our Friday reversal scans as seen by the green triangle in bottom panel.
All of them went up big . While others were advocating cash I was fully invested and as a result had great start to the month.
These kind of opportunities are there in this market for informed speculators. Yesterday afternoon I bought 1000 shares of UAL at 59 dollars (after it showed up in our reversal scans) around 3Pm . The stock is already up 4 dollars from entry in pre market . That is easy 4000 dollars for overnight hold.
To find opportunities like these you need to have setups which work under different market conditions and be opportunistic.
Market offers you opportunity to make money everyday , it is up to you to be organised to profit from it.
If you want to take your trading to next level develop a comprehensive trading setups for all market conditions.
Traders who are stuck in certain way of thinking find it hard to make money. They are always waiting for perfect markets to setup and in the process miss out on opportunities.
All these stocks showed up in our Friday reversal scans as seen by the green triangle in bottom panel.
All of them went up big . While others were advocating cash I was fully invested and as a result had great start to the month.
These kind of opportunities are there in this market for informed speculators. Yesterday afternoon I bought 1000 shares of UAL at 59 dollars (after it showed up in our reversal scans) around 3Pm . The stock is already up 4 dollars from entry in pre market . That is easy 4000 dollars for overnight hold.
To find opportunities like these you need to have setups which work under different market conditions and be opportunistic.
Market offers you opportunity to make money everyday , it is up to you to be organised to profit from it.
If you want to take your trading to next level develop a comprehensive trading setups for all market conditions.
7 comments:
Hello,
What is the bottom most indicator that goes green to red? I assume it tells when there is possibility of stock going up or down. How do you calculate it?
It is a reversal condition that looks for seling exhaustion in short term when green indicating time to buy.
Pradeep, could you point us please to where we can find the pcf for this? Been failing in my attempts so far.
Hallooo ... ? :)
Look under reversals scans on members site.
:) That is exactly where I could not find the correct one.:)
Got it .. v. 1.1! Please, pardon my morning stupidity .. :-D
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