Trading stocks reacting to news without reading it? Seems like a weird thing to do but let me explain. Our bread and butter is trading momentum stocks, especially those that get hit with news. We took a trade today in SHOP that got rocked after some news hit the market. The actual content of the …
Traders must strive to learn something every day. Today’s lesson came after I broke a few rules trading SHOP and will focus on how to manage a trade. SHOP We get our ideas from the daily chart and SHOP had a few things working for it. SHOP was on my watchlist as an earnings breakout …
We recently had a market roll over which can provide many great shorting opportunities. A lot of people assume they can only go long. But when this type of dump happens, you can have bigger gains because the range expands. Remember, stocks take the stairs to go up and the elevator to come down. SHOP …
Read moreBigger Gains Shorting Stocks As The Market Rolls Over
We had some great action in the market today as the SPY gapped down premarket right to support and bounced off of the $242 level. The hottest names to play were definitely AAOI and SHOP as they exhibited the same textbook bounces. When the market trends like it did today, buying on the dip will …
We at Bullsonwallstreet is all about momentum and trends. We use support and resistance levels aligned with price action and patterns to find success in not just stocks but all markets. Recently, we’ve been applying the same core strategies to navigate the futures and cryptocurrency markets in addition to stocks like SHOP. On June 12th, …