$COIN
Chart structure:
-Weekly demand
-60min supply lift
-Elevated vol PD
Target was previous daily swing high area @ 190-192. But hot damn this thing is at nearly $200 in the after hours.
tradersync.com/?ref=tradejour…
My wife has a strict rule that there’s to be no trading while on vacation. I just couldn’t help myself though. Worth getting into trouble for this beauty. $SMCI @BearBullTraders@marlowtrades#BBTfamily
Hey Jacob. I’m literally just keeping my eye on supply and demand zones on higher time frames. If everything aligns (stock enters supply zone, sellers start stepping up, overall market selling off, etc.) then I start building up a short position with usually a wide stop on this particular stock.
@marlowtrades@BearBullTraders 🤣🤣🤣
Ok we’ve been friends for waaaay too long now.
It is actually scary how well you know me. Change the new boat for a new shoes and a purse and you’re actually pretty much spot on. 🤣
@capetonassau@BearBullTraders Brynn: “It’s at supply. Thats the only info I need.”
::hits short, closes laptop, parties with wife, opens laptop again after alert triggers to cover near demand, buys wife a new boat::
Did I get it right? 😂
Awesome trade!!! 🔥🔥🔥
@BearBullTraders@YouTube Wow just saw this. Congratulations to you and the entire Bear Bull Traders team that helped you through every step of the way to achieve this milestone. Well done to you all. To your continued success. 🥂
Thank you, @YouTube, and all of you, my friends, for following my 8-year journey and over 4,500 videos! It has been a privilege to share my trading experiences with everyone!
From days where I made only $50 to days of earning tens of thousands of dollars, and even facing million-dollar losses.
Thank you sincerely!
Don't get me wrong, $TSLA has been a beast, and I definitely sold my swing calls ($192.50, $205) too early.
BUT (and let me say this for the people in the back), 📢there will always be another trade. I've been waiting for this one all week.
Extension into strong weekly supply without a single pullback or lower low.
Watched to see if sellers were still in this area and sure enough today they showed their pretty little faces.
Wasn't sure it would make the full move from $270 to $250 (and beyond) today and almost regretted choosing weekly contracts but praise be for RoboTaxi news.
Had a great time talking through this with the @PeakCapTrading Bootcampers as it was playing out during today's Market Analysis class.
Hello Vasile. Essentially, I am analyzing areas of overhead supply and potential reversal zones. It involves a mix of tracking demand zones, reading the tape, and understanding the overall market structure to determine the duration (or my confidence level) for holding a trade. Since I trade at the market open, my stops are typically wide (aligned with my higher risk tolerance), so for this specific trade, I set my stop at the previous day's high.
@capetonassau@BearBullTraders@marlowtrades Hey Brynn 👋
How do you manage to have a nice entry and make you keep the position that long? Also, in this type of strategy, what if the trade does not work out and where do you place the stop loss in terms of dollar amount?
Kind regards
@yogitradz@BearBullTraders@marlowtrades I love everything about this trade.
Your risk management.
Your non-bias.
Your re-entries.
Your adds.
Your partials onto strength.
Nicely done. 👏👏
@kiran0922092799 Hey Kiran. No particular reason really. The cams were so tight, there were enough orders running up to $175 and the overall market was still ripping; so, there was no real need for me at that point to take a premature partial.
@joaquinmen92008@BearBullTraders@marlowtrades I was watching $TSLA movement in PM and was anticipating a bounce off of that PM low level considering there were multiple touches during the pre-market session. There was enough strength in $TSLA and the overall market for me to wait for the push towards S2 before taking profit.
$TSLA was perfect for a short today. I stupidly got caught up in a conversation, missing my opportunity to add to my short on that VWAP rejection. Oh well, I can't complain. Trade safely #BBTfamily@BearBullTraders@marlowtrades
Now this is a great way to end the week. $TSLA was definitely a stock in play this morning. Traded it both ways to capture max profitability.
Have a great weekend #BBTfamily@BearBullTraders@marlowtrades
Definitely not my usual type of trade, but this was too good to pass up. I guess that old adage is true....sometimes all you need is one good trade.
@BearBullTraders@marlowtrades#BBTFamily