My Favorite Trade on Marketfy This Week - Let's get technical $TWTR

Trade of the week:

  1. Maven - Serge Berger
  2. Product - The Steady Trader
  3. Trading Style - Swing trading; mid/large-cap US equities & ETFs; high probability trades based on technical confluence zones (charting)

My Favorite Trade of the Week (technically last week though) comes from one of our expert swing traders - Serge Berger of The Steady Trader.

Serge bought $TWTR after identifying a confluence zone on the chart. He identified a technical price level where the stock had a high probability of breaking out to the up side. 

So he bought 150 shares @ $35.13 on June 10th.

 

Serge then analyzed the position and explained the thought process to all of his subscribers ...

He included a chart in the blog post to teach his subscribers how to use the indicators he does, so they can learn to analyze on their own...

IMPORTANT - the next day (June 11th) Serge added 70 shares to the position after it went UP to $35.38. That's right - he bought MORE shares when the stock went up...

Why?

The chart showed evidence of increased strength with MORE buyers in the market (more buyers = higher price). 

Many traders would add to a position if it WENT down (which is not always a bad thing) but what they don't realize is that a decreasing stock price = more sellers in the market. 

And when you are long you want more BUYERS in the market ...

Since Serge has a shorter time frame on his trades, it doesn't take too long to find out if his ideas work or not. 

This time around, he chalked one up for the good guys...

On June 16th $TWTR hit near Serge's initial target price (in this case $38).

He took money off the table and exited HALF of the position.

As you can read in ...

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Here's a great article Tim Melvin wrote on www.Benzinga.com about 3 stocks that are attractive buys in the banking ...

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It netted Tim's subscribers 60% (you all know that puts a huge smile on my face).

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Hey Investors - 

Found a good resource for reading material if you are interested in value investing. 

6 Books Every Value Investor Should Read This Summer

Enjoy the weekend everyone. 

- Kyle

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Morning Traders & Investors -

What a heck of a year for IPOs already. Just read an article on Benzinga I wanted to share:

Last year, from Jan. 1st to March 31st, there were 43 IPOs and this exact same week one year ago saw only two IPO deals hit the market.

http://www.benzinga.com/news/14/03/4432812/ipo-loo ...

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And discipline is really broken down into behavioral ...

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Happy Saturday Traders -

I am moderating a very exciting webinar tonight; technical analysis meets the Cannabis stock sector. 

Come join us later today (it's free): 

http://www.marketfy.com/product/webinars/103/

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Good Morning Traders -

I have been watching a lot of the emerging markets lately for different types of plays. Ran across a good article on African ETFs. Have a read....

http://www.benzinga.com/etfs/emerging-market-etfs/...

- Kyle

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