The charts lead the way. This Sunday in our group charting and market outlook session with Core Foundations of Trading students we really found only 3 ideas for this trading week that were worth while.
One of them was NVDA. Click below, that was the number 1 idea for the week. Why? Because the price chart had a signal. Then, news came out today and we have sold off from $194.
Now to the novice good news means time to buy right? Wrong. The price chart usually leads the news and when it releases professionals usually sell or take profits. One of our staff members, Bryan Agosto took this trade. He took about $2,000 in profits using calls.
The trade was planned, structured (with the right strikes and targets and taken.
Thursday night we're hosting a webcast on how to begin investing & trading.
You can register here.
The main points?
1. Plan your trade ahead of time, targets included.
2. This is NOT day trading. Period, this took 2 days.
3. Less is more: You don't need a daily watchlist. If you have 2-3 ideas for the week and execute on them correctly then your week is done.
I hope this helps and we'll see you at the Beginner Investor webcast this Thursday.