Mentorship Session Recordings (NEW RECORDING): https://
While the market started last week with a bang, making it’s third attempt at regaining the uptrend, it failed miserably by the end of the week, putting in yet another bull trap which are common in corrective and bear markets. The market is now at or testing October lows and ready to test April and February lows.
My bias is slightly bearish, and I am currently short IWM via TZA and short NVDA. I will look to add if support levels break. I will not look to go long unless the market breaks out strong. I have no stocks on the longs watchlist. If the market continues down, I will look to add by using inverse ETFs SQQQ, SPXS, SOXS.
Stop for TZA is moved up to entry level. Stop for NVDA short is $160.
Trade small, don’t get too aggressive and stay in protection mode.
Potential longs: None
Potential bearish plays: SQQQ, TZA, SPXS, SOXS, FAZ, NVDA, FB
Current Positions: Short NVDA. Still holding TZA
Please read the Education Archive and posts 23 Laws of the Part Time Swing Trading the Market Speculator Way
How To Use Swing Dashboard: https://
Chat With Traders Interview: http://
29 Essential Trading Posts: https://
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