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Table of Content
Insights
💻 Click here to retrieve the link to our Monthly live stream on
Sunday, March 3rd, at 7:30 pm - 8:30 pm eastern time. (more info)
News
$SNOW Earnings
Asia Stocks
Psychology
Swing vs. Day Trading Adjustments
For context, I'd like you to watch the brief video below on a young lady working through her trading journey.
Key takeaways for others feeling this way.
The good:
She is self aware of her emotions
The bad:
She is confused about the point of swing trading.
Explanation:
Swing trading is not about buying and holding for the max profit you can make. It’s about being able to make money while not having to be glued to the screens every day.
This is why a lot of swing traders will use equity and options. you sell the options when they are up 30, 50, 100, 300 percent and you can always hold the equity.
This will be in all caps because I am yelling through text so you can really understand!
My point is.. STOP TREATING SWING TRADING AS A BUY AND HOLD STRATEGY.
IF YOU BUY MULTIPLE CONTRACTS YOU TRIM PROFITS AS YOU GO. IF YOU ARE UP $2,000 TRIM OR SELL, TAKE A QUARTER OF THE PROFIT AND BUY FURTHER OUT THE MONEY CALLS FOR RUNNERS.
SWING TRADING IS STILL TRADING!
Monthly Livestreams
Vote only if you haven’t voted already. If you have already shown interest, a link was sent to members yesterday! The first stream date is March 10th, 7:30 pm Eastern time. A reminder will be sent this weekend.
Roadmap & Trading Levels
Are you bullish or bearish? End the week at new highs or near weekly lows?
Side note: I usually give a preview of our premium notes before getting to the premium-only section. Starting Sunday, all of our trading level information will be locked to premium members only.
Opportunities
The market gives 1 to 2 great intraday opportunities every other day. On average, the market may give 3 to 4 great opportunities each week. Patience is what’s rewarded, not the quantity of trades.
Key Level:
We have PCE data and initial jobless claims this morning.
As long as we are trading under the 5080-77 pivot, I cannot be bullish until key support areas are tested. We are in the middle of a range, so I prefer one side to break before making pivotal decisions. If it holds this pivot as support, which we have in premarket, we can see a 5120 test.
Yesterday, we traded above our pivot, but could not close above.
This shows weakness.
I will be watching for a daily close above or for confirmed support intraday.
Key levels:
E-mini
5007 is my deep weekly support if we break under the 5025-30 downside target.
Trade & Investing Ideas are below: