FLAG PATTERN BREAKOUT ON $SCTY – SOLAR CITY

Trading is one of the hardest things to learn. In the beginning you will make numerous mistakes, and without making mistakes and having losing trades you will not progress and learn as a trader. It took me a while to start recognizing different patterns in the market each day. After a while you will start to see some of the same setups repeat and you will start to learn how to trade those patterns. Here is a video that I  put together for the flag pattern breakout. This is a live trading video, I recorded my desktop live for the first hour of trading while I was trading $SCTY or Solarcity.

I edited the video to help you see how I made the trade from point A to Z,, the entry to the exit and the profit I made. This video will help you see what a Flag pattern breakout is. This is a very common pattern in the market that you see over and over each day. The key is to start recognizing the pattern and understanding when to take the trade. I hope this helps.

My Camtasia trial is running out, does anyone have a desktop screen recorder that I can use for free??!!

 

 

 

 

 

SERIES 56 LICENSE

Its been a while… a long while since I posted something. This is just a quick update for whats been happening since last time I posted anything… I have been studying my ass off on charts and stocks, also received my Series 56 License in July. For anyone who is taking the exam, feel free to reach out to me if you need any insight.. I also created flash cards to help me study. You can access them by clicking HERE. 

The flashcards are just a study guide,you will need to study the manual and practice exams to! Good Luck!

Also will be posting more trades soon on YouTube,, slow working progress but we getting there!

 

 

RULES FOR BEING A DISCIPLINED TRADER

When I started trading a couple of years ago I didn’t know anything about having rules or boundaries. I bought and sold stocks as I pleased. Luckily in the beginning I didn’t get burned or wipe my account out. Instead I traded small and learned from my mistakes. As time went on I started trading with more shares and risked more money, and the result was either bigger gains or bigger losses. Now I trade pretty much full time and I have made MANY mistakes and learned the hard way. I now understand why there are rules that you must follow and stay disciplined in order to become successful as a trader. I have made money trading but at the same time I have lost lots of money to because I don’t follow my own rules. Trust me, most all traders will go through this and most of them will learn the hard way! You won’t start following your own rules until you get burned, lose a few thousand dollars because you got greedy or didn’t stay disciplined or you were up a few thousand in the morning and gave it all back by lunch time.. … that’s right these things happen to all traders but the good news is you can prevent it. The only way to do so is TO FOLLOW YOUR OWN RULES!!!!

Here are a list of rules I have complied that I TRY to follow…..that right “TRY” because I do break my own rules from time to time but the key is staying in the game and progressing forward. Trading is very emotional so its easy to break a rule here and there, stay focused and understand how to play the game and you will be successful.

1.) PATIENCE, PATIENCE, PATIENCE

2.) DON’T OVER TRADE

3.) DONT GET GREEDY

4.) STAY IN THE GAME

5.) THERE WILL ALWAYS BE ANOTHER OPPORTUNITY

6.) FOLLOW THE TREND

7.) BUILDING YOUR ACCOUNT TAKES TIME, IT DOESN’T HAPPEN OVERNIGHT

8.) WAIT FOR YOUR SETUP, LET THE TRADE COME TO YOU

9.) STOP TRADING ONCE YOU MAKE YOUR GOAL. STAY DISCIPLINED

10.) ALWAYS TAKE PROFITS

SHORTED $FSLR FOR $1,100 IN GAINS

As earnings season winds down soon, there are sill a few notable companies left to report. One of them was First Solar which reported earnings yesterday after the close. $FSLR did not have a good earnings report and it went down more than 10% after market. So today I knew there would be a continuation pattern. The key was getting in the right entry with the SSR rule on. I got squeezed a few times but finally got the right entry and made a little over $1100 today. For all my videos click here

 

HOW I CREATE MY WATCHLIST

Someone asked me how I go about finding stocks to trade everyday. I created a brief video on how I find stocks and create a watch list. Since I day trade there are a few factors that are important to me as far as volume, liquidity, price and trend. For a day trader Volume is key since you need to be in and out of a stock quickly, also understanding the trend of where the stock is going, either up or down and once you have your setup you can enter  your trade and exit accordingly. For all my videos click here

 

PROFIT OF $1,127 ON $ITMN, $ODP, $TSLA, $ROSE

Its been a crazy two days! Yesterday we broke through all time highs but did not close there. Today there were a few earnings play and biotech plays that I traded. One of the things that I need to learn is to stop over trading after I make my profits in the morning. I usually make a few hundred bucks and I give right back because I try to trade every stock out there. No worries, working on this as we speak. Check out the video for the trade recap for today. You can also view all my videos on my YouTube Channel ….. Click Here

 

 

 

PROFIT OF $410 ON $CSIQ $ISIS $DDS

Happy Monday! Today $SPY reached a all time high in stock market history. It broke through the $185 mark and we are heading higher. There were a lot of different plays today but I focused on three stocks that I was familiar with. I did a trade recap for today, check it out for more info. You can also follow my YouTube channel … Click Here

PROFIT $300 ON $CONN AND $TSLA

Trade recap for Feb. 20th 2014. Although I made profit today I did not trade well. I should of been a little more patient on my entries, in hind sight potential of a 1k day made $300.

Loss of $600 on $KSU and Profit of $222 on $PBPB and $X

This is a video for my trades for today and yesterday.

I over traded which cost me but “Keep Calm and Trade On”

 

 

 

$3,000 profit shorting $WTW

Happy Valentines day folks! Hope everyone is having a good Friday. I wanted to share today’s trade. I shorted $WTW on bad earnings. Check out the video for more info.