TI -Trading Studio

TI -Trading Studio

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thursday ah hey scott not bad not bad at all  hey jamie how are you hey andy hey scott hello   everybody yeah interesting day um it was  good day for holly man you you'll have some   stuff to talk about there that's for sure oh  absolutely she uh she came out swinging today i know it's she's been kind of inconsistent  lately but boy the market hasn't been easy   you know when you get these uh directional moves  uh it can get kind of nasty for any uh any any   strategies you may be using out there but uh  yeah i thought she had a great day today we'll   talk about that for sure i may actually talk  about a couple of uh stocks before i hand it   over to you but thanks everybody for taking  out some time of your day to join us this is   a trading studio my name is andy that's  jamie and scott and let's just dive in   before we do let's uh go over the disclaimer here  we are content publishers here at uh trade ideas   uh this is for educational purposes only so even  though we'll talk about some some neat setups and   some toss around maybe some ideas nothing should  be construed as investment advice that's not   our purpose here if you are looking for that  seek out a registered advisor or a stock   broker somebody that hangs that license that  can legally provide that information for you   all right the agenda for today excuse me  let me give me a drink of water real quick market recap as uh usual holley recap jamie will  take over there and handle the holley recap uh   and i'm going to go over the tow from this week i  know we we say uh you know if it doesn't trigger   by wednesday we said we don't count it as far as  uh in other words it's what's called a no trade   and you know no no signal or trigger whatever  you want to say but there's still ideas you know   you need to keep you know on your on your blog or  maybe put a price alert on there or whatever you   anyway because ryde had a great move today and the  the chart was still setting up really nicely so   uh we'll talk about it we'll take a look at ride  today uh i did participate in that one and uh   yeah i was uh happy i did uh worked i built a  new a berry channel today we added some uh uh   unusual strong option volume both upside  and downside i know a lot of you guys are   familiar with that if you've been in the  room if you haven't it may be something   that you want to start paying attention to  especially for the day traders uh but a lot   of these stocks can end up having a two or  three day move so i i'm not gonna say it's   only for day traders that's for sure but a lot  of momentum traders like trading this stuff so   we're gonna show you the new uh berry channel  that you should have access you may have to   refresh reconnect or whatever like that but  you should have access to this newberry channel   all right uh strength alerts uh we're going  to talk about that just you guys i'm seeing   a lot of good trades you know in there a lot  of good setup so we're going to talk about   how you may want to you know keep an eye on  these strength alerts and some maybe some areas   uh when the market gets crazy like this you know  maybe you have a contrarian strategy where you   look for sell-offs and buy them on uh support  or moving averages or something like that but   uh they the ones this week so far are doing really  good so we'll go over them and give you some ideas   of what how you may trade them then of course  the price alert game you know what i was busy   today and i didn't even get a chance to uh to  look at it so we'll be looking at it together uh   see how this was like a two weeks game since  we're doing these bi-weekly now so uh i'd be   interested looking there and see see how everybody  fared especially with that nasty pullback we had   all right let's go on and talk more about our  five-star support education and training for   the new people in here or maybe people that  are considering getting the software but   they're a little intimidated guys we want  you to know that we have your back we're   not going to leave you hanging out there we  provide lots of resources for you to get help   you can see here the different webinars we had  these are not weekly now we uh we do one every   monday and wednesday and then the following week  we'll do it do the tuesday and thursday schedule   but you'll get an email letting you know when it's  coming up and uh so you won't be as long as you're   signed up for webinars you won't miss them uh and  then our support webinar let's go before i do that   the trading room guys i know it's a trader's  room but barry is in there he knows the software   as well as any of us if not better and he is  there to help you so when things get slow and   maybe trading slow down be sure ask barry if  you have any questions he's happy to help you   and then from every monday through friday at 12  eastern time we take over barry's live stream   and this would be our support webinar daily  support webinar so that's the best place to   come if you have a question and you need something  to be shown to you how to do it okay because we   have a chat where you can ask your question and  then you're viewing our desktop so we can show you   what you need to do you know to remedy  whatever issue you might be having so   uh great place to come once again every weekday  monday through friday at 12 eastern time   all right i'll save this last uh slide for  scott and let's pull up the spy here and   look at the crazy of action that we've had  if i can grab this corner here there we go crazy action that we've had over the last  uh couple of days and actually let's say the   last week it's been it's been pretty uh let me  pull up my epic pen guys i'm sorry i think i'd   be better prepared while i'm doing that i can  shut down this english man that i get from ib   telling me about my connection all right so we broke i guess this last friday you know  the the 50 period moving average okay this   is a average that we've been holding for a quite  a long time now and i'm just going to show you the   most recent one over the last four or five months  and it even goes further back than that okay so   finally on friday we broke and closed uh below it  now you always hear me say i'd like for something   to trade maybe four or five days below a moving  average you know to to really be considered a   uh a confident break kind of like  over here this was very similar to   our clothes right there and we bounced back  the following day and was off to the races   this day this time not so much we had a very ugly  opening on monday sold off in the last 30 minutes   of the day the algos what are the buyers by the  dippers whatever it was they came and they pop   this thing back up but the following day after  that we tried to gap up and actually closed   lower than this day so i'm sure a lot of bulls  were nervous and lo and behold what we did we   bounced right back up into these moving average we  were well were well above them at one time today   we did pull back on the close close still right  above the 10 the 50 period moving average and   also the 10 period moving average but that's still  close you know i would i'm still not comfortable   you know being uh long big time long right now uh  my style of training i've been short some i should   say short i've been long some sp xs for some time  now i started uh back over here somewhere when we   started kind of just going sideways and what i  like to do i like to maintain that position and   and then what i do is i pretty much scalp you know  on these days going like this jb sees me do it all   the time in like and our fun that we trade that's  me personally you know i i want to stay short this   market in case we are putting in a top but at the  same time i'm not stupid i want to when i have   profits i don't want to get out of my short but  i still will play long sometimes for a day trade   not too much over a couple of days right now i  just don't trust this market over a couple of days   uh it seems like you know every time we go through  a high we just really have a hard time we don't go   stay very long and we pull back we just don't  have a whole lot of hump you know so my time   horizon right now as far as longs go is pretty  quick uh that's me personally not i'm doing the   market recap while why i'm telling you about my uh  personal trading i don't know i think some people   well they tell me anyway they'd like to hear it  but uh but so a lot and also we have the uh kind   of the trend line here and that's kind of right  where we run into today okay so we did get above   the 50 we ran right into this trend so that's kind  of an area i'd be watching if we can get break   above that trend and then all we got to deal with  then is the uh 20 period moving average uh but   since our high back over here we can say we are in  a downtrend for maybe three weeks uh but long term   picture guys is still very bullish if you look at  the long term even though you know we're waffling   around and breaking below this 50 every now and  then uh where you know the long term is still in   a very strong uptrend all right let me uh pull  up the cues real quick and take a look at those and kind of the same picture there still kind of  hit that uh downtrend line uh even though it did   close below that 10 period moving average uh but  above the 50. iwm earlier when i looked and it   was pretty it was one of the strongest and it was  even though it hasn't gone anywhere in months all   year basically you know this this iwm has not  done anything relative strength today was was   there in the iwm finished up almost two percent so  uh probably why you had a lot of those uh smaller   cap stocks having a nice little push today that's  always good to see when that's when you see that   all right uh jamie i'm not going to look  at the dow so anything you want to add   i think well you covered it pretty  thoroughly there andy we'll just have to see   uh what she does tomorrow uh yeah yeah i agree  i think uh time will tell for sure we need to uh   you know break this uh kind of downtrend and  stay above these two moving averages because   uh not a lot of volume today you can still  see the volume was on the on the downside but   hey this has been doing this way  for years so it doesn't surprise me   price is the only thing that pays but uh but  still we'll have to see how it uh how it works   itself out here in the next couple of days yeah we  get a nice grind up tomorrow and higher close well   that would be good for the bulls if we sell  off and close below that 50 well hey who knows   exactly uh let's see before we why  is my moderate okay there we go gosh   uh yeah before i pass it over to you guys  uh some things that you if you were noticing   today two of the best trades were cf from a uh  bullish pullback and lxu well these are both   fertilizing chemical so holly had two great  calls in that industry today so if you saw   one go off like 850 okay and was doing very  well today and then all of a sudden this   lxu from volume doesn't lie one one that i gave uh  when i first came on this volume doesn't lie which   is is funny because i haven't pulled this thing  up in five years you know my base strategy that i   wrote and uh so i pulled it up today  and i'm going to save that for next week we don't typically give out our strategy but  just remember this is something that i did and   i gave to holly once i give it to holly she does  all sorts of things with it okay but next week   i'm going to pull this out because i think it's a  great little uh interesting uh alert type you know   it's it's used the strong volume is the alert so  these things can fire off anywhere so in other   words you saw this lxu today it fired off down  here so it wasn't even anywhere near a new high   it fires off and then uh it had a nice move after  that so i'm going to dig that up and we're going   to play around with it next week and i think it'll  be fun and of course i'll share it with you guys   and of course you can do whatever you want to with  it but i think it could be a a nice little window   for you but i didn't have time today i pulled it  up 30 minutes before i came in here and i said   wow this is interesting i'm gonna i'm gonna pull  this up and play around with it next for next week   but anyway if you were paying attention uh  take a look sometimes at uh you know you   can go into the profile and see when you  see these companies coming through cf and   lxu uh you know identical sector there and  both had a really nice move and jamie with   that being said i think you could take it  buddy very good let me grab the screen here okay you should have eyes on my desktop i do  all right so zany was just pointing out you   know the cf was a beautiful trade from holly um  and as andy was also saying lxu same industry   so interestingly enough don't forget about  your similar tab down here i got cf in the slot   and then we have lxu hey and then we have a  couple more here that would have worked out   in the same time frame you know holly getting into  uh the cf about 20 minutes into the market there   so you can see here uan that one  would have worked out nicely as well   um along with let's see if most would worked yeah  most would have worked as well so just remember   quick access things in the same industry  that similar tab in the single stock window   would have paid off handsomely today okay so  now let's get to the holley trades and boy   you know i've got these sorted by moderate  you can see what a nice little blotter it is   interestingly enough andy it was grail that did  all the work today you know grail's been a little   sleepy from time to time but boy just came out  swinging today that's right and you know when   we talk about the holly recap or do the holly  recap we typically like to talk about all right   is there any spread between conservative and  moderate that we could have clipped out of course   in real time you know this is what everything  looked like towards the close but we can make   some decisions when we see the ai exiting in its  conservative mode typically if the trade's working   and the chart doesn't look just awful well  then you can take a little bit more risk   and hope to glean a little bit more um so in the  cf trade right here not a whole you know not a   massive spread between what holly clipped out  in conservative mode and moderate maybe another   34 or so but what i would like to point out  on this one is the excellent ad opportunity   uh that presented itself as we can see up here  holly calling it right here at the 5193 level   then about 15 30 right at the beginning about  45 minutes later right at the beginning of this   candle what do we have going on up here we got  a beautiful nice tight little wedging opening   range break so this would have been a great time  to add to that position and you can see what the   stock did for the rest of the day just a nice  slow grind up beautiful trade beautiful entry   with a very nice ad opportunity behind it as  well so just all kinds of good stuff from the   cf and since we're talking about stocks in the  same industry let's go ahead and look at the lxu because while it took a little bit longer  it did also pretty much the same thing   nice little buy signal right here right at  the 10 level 9.98 to be exact then what do   we have one two three 45 minutes later as  this opening range is broken a really nice   ad opportunity as well that would have  gotten us the biggest move of the day   okay so great statistical viability coming  here reclamation of the 10 period right here   leading up to that range break and then boom off  to the races so once again not a huge spread here   um but not only if we would have just kind of  you know uh well the timed exit you know she   held that one till the end um and we just had  what 45 bucks uh additional spread there but   you really could leverage that trade with the  add-on and the nice clean opening range break   now neuro turns out the one with with the biggest  spread between conservative and moderate today   was a little short um depending on where you trade  this one might have been easy easy to borrow uh   could have been on the hard to borrow too  because of the market cap if we take note   down here only a market cap of 67 million so i  know at etrade it was not shortable maybe over   at interactive brokers it was i haven't really  asked around that much but a sizable spread here   between conservative and moderate holly getting a  little bit nervous here after she makes the entry   up here at the 1434 level don't really know  why trade was working and you can see closing   it out at the end of that candle right there  but look what we have in the next candle over   you know it did throw a little bit of a wiggle but  not even 50 of the way we could call that about 50   away or through the stop area uh but definitely  not hair wing i mean could have stayed in with   our hard stop that's what they're for but then  just like the add-on opportunities in lxu and cf   to the downside we had the same pattern presenting  itself staying in the trade because it's working   and then shorting more here um what was that level  two because 14 34 and we bottomed out down here   at 12 so that's a good two points and  change and then from this level here 1364 you know we're looking at another  point and change with add-on here   being able to leverage that trade why because  that secondary opening range breakdown   just presented itself so nice and calmly  just like the upside ones did in cf and lxu   so some nice juicy spread in the neuro and a  great time to add on to that position as well so not huge spreads um you know we could say h  pretty big spread here big difference between   making zero and clipping out about 80 bucks  everybody just keep in mind that the numbers   that you see here are simply based around risking  100 dollars per trade so we didn't quite get a 1r   out of h had we held it to the end  of course this was a late day trade   holly didn't call this one until one o'clock  right here that's certainly a beautiful little uh   uh bottoming wick there to give us a little bit  of confidence that well the sellers tried to   take control but they couldn't do it holly  gets out about right here flats the trade   all we had to do is hold it for a little bit  longer another 45 minutes and he could have   gleaned some nice profits not quite a 1r but  better than zero so some decent spread one two   really nice add-on opportunities and the bigger  winning trades on the long side and a beautiful   ad opportunity from nero to the downside which  leaves only one category left and that is a   trade around but we usually have to have a stop  out which we do have exactly one stop hit today   now notice how this thing reacted around the  stop areas you know we had the original buy   from holly right up here red line red number 4297  boom wicks right below it and then cranks back up   50 cents so that would have been you know what we  want to do here is see how the stock reacts around   that stop area if it would have just blasted  through had a couple of candles close below there   would have been no interest but look how it just  boom that stop area acted as a pivot point on the   first try uh bounced about 50 cents came back down  here and did it one more time the exact same level   another little wick down here and then this one  was the really juicy one we just call this level   43 you know by the time it was all said and done  biggest move of the day uh except the you know   that opening candle right there which is pretty  hairy but two good trade round opportunities both   just wicking right off that stop area of course  this one being the biggest one at the end so   would have been a couple of uh really good scalps  in there on the wmg based around that stop area so   andy i know you were probably going to talk about  a couple of those did you get all that out of the   way or were there a couple here that you wanted to  uh no i just kind of wanted it yeah i just wanted   to point out those two uh fertilizing companies  that if you had been you know paying attention   there that the second one that came through  would have been a no-brainer uh absolutely   yeah yeah and it's probably not a bad habit to  get into when you see a trade working with holly   just come down here and check out the similars  see if you can pick up some some sympathy plays that's true all right sir i'll kick it  back over to you yeah for some reason   i'm not uh it's not allowing me to type in  there anyway my mike c uh volume doesn't   lie i see you have a a copy of that i must  have shared that with you a long time ago   because i know i haven't shared it recently i  just pulled it up for the first time in years anyway yeah uh i'm gonna i'm  gonna play with that and see   uh what i can do with it because uh it does  every now and then come out with some incredible   picks i'm gonna see if i can re-optimize it all right let's uh i have looked at it recently andy okay all right  uh okay what i'm trying to see oh yeah right guys   okay so ride was the trade of the week and you  know we we can't let these things ride forever   go you know just hang out there forever and then  you know a week later you know fire off so we we   usually give it three days you know before we'll  call it you know we'll cancel the live trade   that doesn't mean guys it's not a good trade  if you set an alert and it goes off i mean   ride was a a beautiful it was setting up beautiful  and this is what i liked about it guys first let's   look at i'm always looking for relative strength  okay here's the market right the last couple of   days since we called right on this day ugly ugly  gap down didn't go anywhere this day actually   finished lower and then yesterday was an okay  day but look what ryde was doing the whole time   it was we'd like to call this the little bird  in the hand okay even though if you look at   the long-term picture it's very ugly it's in a  downtrend but still okay it had bounced up on this   day right here on some news can't quite remember  what that news was and then it had pulled back and   it found its 10 period moving average and this  thing was holding it for a couple of weeks here   so that's what we call we said a little bird in  the hands see how that 10 period moving average   is now kind of sloping up and kind of cupping  it underneath and not letting it fall below   this is one where i actually bought it yesterday  on this pool bag down here you know i think   my first entry was you know around 670 675 or  something like that i was just getting a half   a position here because i like the way it was  holding up and then of course at the open the   way it took off i'd added to it but uh uh you know  i just don't don't take these things off the radar   i mean because that was still a beautiful little  setup there and even though like i said it's been   ugly over the last several months in this short  time frame it was showing relative strength in   other words it was outperforming the market by a  long long ways even though it wasn't going up it   was not going down with the market okay people  were accumulating and buying whatever whatever   you want to call it so i hope some of you guys uh  still were able to participate in that move today   uh uh yeah i'll share this layout  you're gonna have uh oh gosh it's   gonna be a mess right now because i have  a bunch of windows uh let me do this   see if i got a copy over here somewhere let's  see maybe andy's layout yeah there we go   yeah it hadn't changed much since this right here  as a matter of fact i don't think it's shared it   has changed at all so i'll drop it into the chat  window of your go to webinar interface guys so call it andy layout you're welcome mark now the sector analysis window down here  this is going to need a uh symbol list   a symbol list with it uh let me just drop  that in there too i'll hold on just a minute uh symbol list etfs edit list and let me just copy these i'm gonna  drop these in there because you're going to have   to make this symbol list and you're going to have  to paste these into your into your symbol list okay and should be able to  drag and paste copy that   all right got that out of the way now we wanted  to move on to barry's new window and you know if   if you're new to trade ideas you're  really in you're a momentum trader or   you like the action that you know i think i can  think of a couple of windows you know that i'd   recommend but this barry's watch list is probably  one of the most favorite uh now it used to have   barry's watch list up barry's watch list down and  then they had it with barry watch list repeating   that contin it'll continue to show you you know  it doesn't have a don't repeat filter on it it   just continues showing new highs and new lows as  it hit and this will show the new lows as well   okay but we took out the very watch list lows and  we added these two right here the moving higher uh   with unusual strong option volume and moving  lower with unusually strong option volume and we've been finding a lot of good ones on that a  lot of the traders here at trade ideas and i'm   sure a lot of the traders in the room uh are doing  the same thing so if you haven't been going in the   room and you're not aware of this uh these windows  that barry likes to use we made it easy for you   we just put it into the channel bar so the docked  channel bar so you would have this and all you   need to do is just go let me just close this  and show you what you need to do just go to new   go to dock channel bar okay everybody has this  and just click on barry's watch list and now   you have everything in a nice little package  for you so you can uh you know some people   don't like using doc windows and i understand  you can always pop these windows out just uh   duplicate here you can do duplicate to a  free floating window and make it into just   create and put it into your own default layout  that you have but for those of you who liked   like the doc windows this is a nice little feature  so uh anyway uh yeah pay attention to these   so we got now you got barry's watch list up you  got barry's watch list repeating that will still   show you the downward ones on his watch list  so there it's kind of redundant to have the   the lows in there so we removed the lows and we  just uh put these two option windows in there so   i think it's a great little dock channel so  take a look at it guys i think you'll like it   all right what was my other topic  man i keep oh yeah strength alerts uh taking a look at the strength alerts today  now let's let's face it the market you know since   we launched this product uh the market has been  kind of sloppy uh even though it's been you know   trending higher it's still pretty messy and it  does make it difficult when to enter these is what   i'm saying is but i think you should definitely  keep them on your radar because this is mostly for   longer term swing trades and not day trades  although you can find some pretty good day   trades anywhere but uh i just want to go over  some of these from this week remember this came   out on monday this day right here uh on a down day  and uh you know all these have you know performed   you know they're not killing it as far as these  are not typically your big momentum trades these   are steady movers that will over time will perform  you know very well there's relative strength here   um but etsy you know not a bad one this is setting  up for a possible another move you know close to   not far from well all-time highs is over here  but it's got a nice little ledge right here   if it gets above the month high could have a  nice little run to it ntra was down today but   you know from monday still holding on about you  know well above its monday morning opening uh   fnd there's your monday performing very well and  look at this close to all-time highs so these are   relative you know strong strong stocks compared  to the overall market okay this is far from not   taking out yesterday it seems like it hit it  so very strong chart there and once again even   though this in position and lifetime range is  not very good it's still positioned in year   range it's very close to a year high seven dollar  stock uh relatively strong compared to the market   you're going to find a lot of these are going  to be even like the market or below their 10   20 moving average these are a lot of these are  going to be showing relative strength which   are going to be above so i just wanted to bring  it to your attention so even if you are mostly   a momentum trader you're not looking for stuff  like this uh everybody probably has some sort of   long-term account these are ones that you  might want to keep an eye on uh and i was   going to mention too don't feel like you have  to chase highs wait for it to go to highs a lot   of these can be bought when the market looks you  know the market is selling off and you can catch   these you know below a moving average i don't find  a real good example today because we did have that   big gap down on monday but look how etsy held  its 20 period it's been holding it now for   some time you know maybe a buy on the 20  period right there would have been good   uh anyway i'm not going to be beat this in  a death but i just wanted for those who are   looking for value and not value but looking  for relative strength this is a very good uh   and we do have we do have the relative strength  let me just go ahead and pull that up the doc   channel so you guys can pull it up the channel  bar so if you want to just occasionally maybe   on monday mornings would be a good time because  that's when the list is going to update i just   go into let me see if i can find it here i don't  even remember what the symbol looks like jamie uh i'm sure i went by right past  it swing ideas no that's not it that's gosh i said silly it's the  batman thing yeah the batman thing yeah   okay you're gonna get a hell you're to get a  welcome screen guys that kind of just tells   you a little bit about what how the how it  works and what to look for and things like   that just kind of some instructions to go  along with it and then you can have the ti   strength alerts in here you got the ti strength  lows and versus highs so you know maybe uh you know you can you can make it if me personally  i'd be looking at the low side look at these   things when they're hitting lows to see if  they're marrying up to any uh moving average   uh and then we got crossing 50 over  200 day moving archived in here   okay these are archived so this is this will have  all the ones since we launched the product i'm   assuming so that's it that could be interesting  all right guys let's move on to the price alerts and not too good but you know what guys i'm not  surprised once again looking at the market we have   lately it's it's it's not a market you can stay in  any direction for very long what happened to them there they are all right i think the big winner  was a mistake i made because i think bob t when   he when he called out nugget he was wanting to  go long and i forgot to change the short to along   so bob if we would have shorted the nugget i  think we had done very well you'd have been up uh   1250 a little over 12 but other than that  yeah it was pretty bad i think the big winner   if we're going to be honest because bob t  would really be down 12 uh would be kj with lac   and it's only up about two percent so uh this  goes to show you the market we're we're dealing   with right now guys and this is why this is why  i said and it's been like this for a while guys   we come in here every now and then we have a  couple of good ones and then we have a whole   lot of bad ones and uh i think this is a good  exercise and i'm glad i'm glad we play this game   uh because i i it will help you to for me you  know i've been trading long enough i know i if   i'm going long right now i'm not going to stay  in a trade very long that's just me personally i   don't want to sit through the uh ebbs and flows  of the market right now i look for my setups   look for a move and i'm usually banging out  pretty quick even though it might not you know   be a day trade it more than likely it's probably  not going to be longer than a couple of days   but when you see a lot of people in who here that  i know are good traders uh uh and i and obviously   guys i know you wouldn't let stocks you know the  market fall apart and you'd sit in this but um   i'm just saying how difficult it's been for us  to get to get winners over the last six weeks   to two months it's been it's been tough so uh  just keep that in the back of your mind you   know when you're taking these trades maybe if  you're accustomed to staying in trades a week   to 10 days or whatever maybe you want to pull  that back to three or four days you know just   or keep your you know uh stops tight if you  get some profits maybe raise your stop up   assure that you're going to get profits you know  and not let those turn into a loser all right uh there you go kj right there he that's he had taken  uh so he had a nice move there's your alert right   there okay and the stock went all the way up to 20  you know 24 and a half and that's that's some good   profits there uh basically a 10 move and hey had  he not taken it what would have happened he would   on this day right here he would have been either  punching out for a flat or taking a loser and even   right now it's only up from where his alert was uh  look you know two percent so good good trading kj let's see what harris says here uh hi  jimmy my job restricts me from trading   any instruments unless i hold  them from oh minute 30 days yeah that's uh that's pretty harsh but what i was  thinking andy is the uh the high options volume   windows i mean obviously the options are trading  very actively as well as the common so that might   be a workaround for him yeah you might look for  you might look for big volume plays uh like jamie   was saying that that high option uh i find some  really good ones in my extreme volume hi-lo pro   these are ones that are taking off on on big  volume in a lot of time they're they have a   continuation move behind them uh so you yeah  you want something with a very clean breakout   and and probably doing volume because if you're  uh boy i i i mean i wonder if he is he said any   instrument so that means if he trades an  option he still has to hold it for 30 days   so that's uh yeah that kind of complicates  things you know or an option trade yeah   yeah especially for somebody like me you know my  max well it's not not always the case you know   if we get a big sell-off which i'm hoping for  i hate to say this but i wouldn't mind a good   nice 25 to 30 sell off in the market because  those are the times you know when you catch and   i want to say catch a bottom but when you have a  big correction and you and some of these stocks   that you've been wanting to buy for so long but  you just don't want to chase a you know in the   stratosphere up here chase these things that's  when you probably want to start taking positions   you know and start if you especially if you  have to hold them for 30 days you know it's just   you know this is not a point in the  marketplace where i'd want to do that   uh it's just uh feeling very toppy right  now and we've come a long ways and just   seems like we're just on fumes right now but uh  yeah i don't know what kind of uh system you're   in where i've never heard of that where you  have to hold the stock for 30 days i mean if   the market's crashing i mean that's they're  gonna force you to hold it for 30 days yeah   i don't know maybe you find a another  broker or know that must be a job thing   uh yeah i was aware you know you  had to report all your training   i didn't know you had to hold for 30 days these  days yeah yeah that's that's that's harsh yeah   all right so let's uh let's do this let's uh guys  get your picks ready we're gonna do some price   alerts again and hey i i would be disappointed if  i maybe didn't see a few shorts in here and just   you know maybe uh maybe try a few shorts i  shall erase these so we don't get them confused and you guys start firing away at  will here's this uh the rules okay   give me a price all right and a trigger  and i'm gonna assume it's a long unless   you tell me it's a short okay so all i  need is a symbol and a price unless you   uh want it to be a short just notify me let  me know that uh it's a short okay kj likes mrn mri i've seen that recently   okay yeah that looks like something i would  have seen recently jamie knows how i like to uh   look for these bottoming patterns uh all  right you're looking at mrin at 1016. and i'm assuming yeah that's  going to be a long and that is kj all right we got toast oh it's going with a new issue here huh  uh long from 50s okay so neo is going to   look for a pullback and go along at 57.25 all  right i don't even know if i can get there we go make sure i switch this short to long 5725  we're going to go long and this is neo okay and then we got long net at 136 and that is from robert robert van we're just going to put a  robert v in there uh hey and andy we uh   look back up there david bernier uh he wants  oh okay e-r-c-e-r-s at 670. c-r-s-c-e-r-s

that's long it's 670 oh  yeah i guess a strong chart i'm sorry what was the name uh david you said  what was it david yeah david bernier okay [ __ ] spell all right all right we got net docu short below 263.90 okay i get that's looking  like a weak stock there so 263.90 and that's daniel that was a short right yeah okay dlo 6675 yeah that's looking pretty sweet that's jim all right dave fontaine since  we're holding for two weeks yeah   two weeks he's got he's got a new  strategy out he's gonna go team at 4 10. yeah it's a it's kind of a it's kind of a long  one but we'll kind of look at it like we did with   kj's to see you know how i i should have looked at  more of them i i'll do that next time make sure i   look at more of them and that is dave wait why is it showing me oh gosh it's uh   it's trading at 4 12 right now buddy  i can't uh let me uh i don't know i'll go for 1250 unless you want to change  it do you want to do it on the pullback uh okay 412. i'll go 412 since it's going to  trigger if i do 412 so we'll do 4 12 12   10. if it triggers after that  and we'll just give it to you

all right ride at 7 35 on a pullback i'm assuming that's long and you change that to a long and who was that walt walt sticking  with the trade of the week no walt dis uber uber was strong the  other day there's one where uh   it's definitely that's some great relative  strength there and he's going with uber at   45.50 it's trading there i tell you  what i'm gonna go i'll go 4560 here george dvax oh yeah i got an alert set in dvx somewhere  oh it triggered too dang it i missed it this   morning dang look at that barely touched it in the  early morning and i was busy probably looking at   right at the time that's the thing you do you  set these when it was trading up here at 20 i   said i'm not going to chase it up here i put an  alert here and man it just some when they when   you have five or six of them going off early in  the morning that's what it makes it difficult   but we're gonna put it at 21 for a breakout and that is martin and we got box at 40 23 40. on a pullback long okay there you go i see where  you're lining up down here near the 20 period   that's sometimes those are the great trades and actually like the d-max i was showing you  guys some of my best trades i'm serious instead   of putting a price alert down there just go  ahead and i'd put a bid i just bid it you   know a couple hundred just get in the game make  sure you know sometimes when instead of putting   the price alerts i mean you got to be careful  like the whole world's falling apart but uh box and that is david wait what happened i put i forgot that yeah well let me see   i go ahead and close it without  did i put his name in there nope i didn't so let me do this again 2340 wait all right looks like that is all i'll give  you guys in case you're gonna drop something   another five or ten seconds and then what i'll  do is i'll get these and i'll share those but   we got a pretty good uh grouping in  here if i can find them there we go   there's that box in between there so you  guys are going to get me just delete this one gosh why do you gotta jump around on me man ah  got somebody got in there somebody got catfishing okay and this is jim you already got one   i already put you down for one you  wanna are you trying to change it on me you got you you got you in there for dlo okay  just another idea okay i'll uh i'll keep it   uh i'll go ahead and mark it just just uh just  for my own good if it gets above that high there all right let me go ahead and share these no no no no no share copy all and i'll drop them  guys into the uh chat window here   you guys grab these because there's  some pretty good ones out there price alerts and there you go and good luck to everybody and like i said  two weeks but uh trust me if the market does   something crazy we'll definitely see how it  looked a week ago all right guys uh thank   you so much for your participation in this game  and all of your all your great questions today   and uh let's uh let's bring scott in here and you  guys hang on and he'll walk us out and uh offer   you guys a coupon on the way out yeah thank you um  a couple items on the way out make sure you have   the strategy indicators ebook before we replace  it with our next one whenever we publish that   just go to trade ideas.com strategy  and get the free download it's got   advice from our director of software development  dave mabe who created holly and uh the back   testing module all that kind of good stuff so he's  got some insight for you it's free so you should   grab it uh there's also a new product or strength  alerts for only 17 a month you get an email   every sunday night with five trades uh if you  like trade of the week and you're gonna love this   and it's got different trade options than  the trade of the week just go to trade   ideas.com strength to learn more if you have any  questions email us info trade dash ideas dot com  

that goes to our help desk gets you the help you  need as quickly as possible you can also find   jamie on twitter quantbot find us at trade ideas  our steve gomez's ti steve g and we can be found   on twitter at trade ideas pro facebook.com slash  trade ideas pro uh the recording of this session   will be up later on tonight or tomorrow so stay  tuned tomorrow for an email from go to webinar   with a link to the playlist where you can find  it thank you andy thank you jamie have a nice one   all right thanks everybody i'll see you  some of you guys tomorrow see you tomorrow

2021-09-29 11:25

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