We had our panic gap down and bounce Monday. Blog readers were prepared for that oversold bounce out of nowhere, some awesome opportunities and ranges. QQQ 20 MA next resistance. Mostly watching our go-to names with inside day candles to see next direction. Follow me on Twitter for real time trading setups@szaman and on …
Yet another trend down day and QQQ close at low of the year on that 340 level break.Not surprising given the lack of buyers and faded bounces. QQQ no real support until weekly 320/317 area. Short ideas RBLX,NVDA,RIVN,SE,AMD,LCID,CFLT all working well. Market getting oversold but panic in the air. Another hard gap down,panic type move, …
Everyone loves a 20 monitor setup. But the number of monitors does not determine whether you become a profitable trader. Trading hardware or software by itself will not transform your skills overnight. But your trading hardware matters much less than your trading software in terms of executing your trading strategy. When you commit to trading …
Read moreTrading Software Check List for New Traders in 2022
Sell off continues. QQQ managed to close back over that 340 level.break below 240 might test the lows. Gap down and bounce also a possibility. NVDA,RBLX,SE,DOCU,OKTA,CFLT short ideas, all worked. Another gap down open might catch a bounce. Active trading playbook remains in play with both long and short. Follow me on Twitter for …
Another classic trend down day for the market. QQQ 344 short term support then 340 big psychological support. If that goes recent lows comes to picture. Market below 200 MA,with Russia, inflation,rate hike, get used to these 3 up days then 2 big down days for a while. Active trading playbook remains in play with …
Market volatility has caused big headaches for investors this year. Earnings, Russia-Ukraine Uncertainty, Inflation, Rates, and a variety of catalysts are spooking the market every week. With so many macroeconomic conditions and major headlines floating around, the market could drop or pump at any given moment. Moves are more violent, so you HAVE to know …
Read moreHow to Manage Risk Day Trading During Market Volatility