Hey folks, Harlan here. It was a blast on the show today and chat with all the questions.As promised below are charts of the names we touched upon during the show and after the show. First up lets talk about one of the only patterns you need to know in up trending issues that I call the Pullback Off Highs (POH) pattern. It starts with names that are in clearly defined up trends that are POHing as shown below. PANW
Z
PLUG
Know what the hardest thing about being an investor here is? sitting with it from the spike highs while the issue is pulling back. Given its a low priced stock and moves are amplified percentage wise fear can easily set in as in fear of giving back all one's gains. So what do you do? Well for an investor its all about it being in a clearly defined uptrend and above the 50 day to use as a guide. For a trader? Its sell the rips and let it pullback off its highs. See that spike from 2.00 to 5.00? It basically gave back all its gains shortly there after. Sure the stock was in a clearly defined uptrend but to give back almost a 150% gain during that pullback? Pretty hard to do if you ask me. To do so? Well that is what I call courage of conviction. Hat's off to the person who can do that all . TSLA
BAC
TUR
GE WMT That's it for today folks. Again, It was a blast on the show today and in the chat after. Any questions feel free to ask. See you all next week! Same time, same channel. Harlan==================================
As always, if you are new here or not the big bold blue and red print below applies to YOU!Remember the moment you take a trade you are at the mercy of the market and have no control except when to sell. If you are not willing to take the risk and are not willing to pay that price do not take the trade. We are willing to take that risk knowing full well the end result could be a loss. That said make sure that portfolio management trade size is used accordingly. With any position you may take make sure that should something go awry the amount of total impact to your account does not devastate your acct. Try to stick to a 5% position That's the key to portfolio management, not biting off more than you can chew. Remember the mechanics of reality with regards to the stock market states a stock can only do one of three things: Up, Down, Nowhere. The moment you hit the enter button you are at the mercy of the market therefore the only control you have is when to sell/cover. You can't manage your gains as you have none to manage initially. Knowing this in advance it allows you to stay in outcome, that being you will either: Remember the market IS the boss. IT is going to do what IT wants to do. |
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