We may not know specific news about what’s what in the TELCO world but when we look at charts it sure is GLARING which plays to focus on. With that volatility and liquidity back again, we put our momentum hats and wait for signals!
Market was abundant with Momentum and Bounce plays this month! Much like Q4 2017’s Telco rallies. Thankfully, we were prepared and was able to catch some of the movers.
Some Project Seed students were also able to ride the monster stock of the week ($ECP)! Some did paper trades, some on their real account. Great job and keep em’ coming!
Be on the lookout because this volatility might not be over.
Congratulations to all and lets celebrate wins this Saturday! ZFT Christmas Parteeyyy!! 🙂
$ISM, the hottest stock in the past 2 weeks, most of my attention was toward this stock, making plans, thinking of scenarios that may potentially happen, then executing them once the market hits my triggers. I traded the stock 5x as it was going up, here’s an overview:
I shared my trade walkthrough with my mentees in ZFT batch Immortals, Zenith & Olympus yesterday since it may help on their studies in momentum execution and to also stress one of my trading style beliefs:
Overall, it was a great week for traders who were prepared to execute this kind of move, whether it be Trend Following, Momentum, or Scalping.
Market is conducive for day trading this week. I remember Nov-Dec 2017 where there were plenty of plays like this in PSE.
May this volatility continue until December. Congratulations to all who bagged their monthly/yearly quota this week!
Some say being a”weak-hand” or selling too early is a weakness, I think it’s a limiting belief. As long as you do it in a clinical and methodical manner, accept it’s pros and cons, and condition your mind properly then you can turn that “Weakness” into your “Strength“. If you do it consistently, it just might become your niche.
Day traded $GREEN due to its rare volatility since it just came off of a 3-year suspension. The stock gapped up over 500% at market open!!
This kind of condition siphons the liquidity off from other stocks on the same day so there are 3 risk options that you may choose to take:
- Look for viable plays intraday since volatility is present (High Risk)
- Take action with your weekend watchlist.(Mid-Risk)
- Do Nothing. (No Risk)
I picked (1). Why? I am available to monitor the stock, I have a methodology to employ in these high risk scenarios, I am disciplined & patient enough to wait for opportunities.
1 Stock, 3 Trades, in 1 Day
Round 1: Being able to recognize an opportunity to win, then taking action.
Round 2: Being able to recognize an opportunity to lose, then taking action.
Round 3: Getting over a minimal loss, then look for another opportunity, then taking action.
It is a MUST for a trader to be able to recognize viable opportunities in the market but more importantly, to TAKE ACTION once it materializes whether its a winning or losing trade.