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Has been the strongest out of the entire group and the only to avoid the bearish correction
Awesome. GDP Numbers tomorrow. My favorite fruit is "apple", so made a point to load up HEAVILY TODAY FMOC verbiage will DEFINITELY move the markets. Anything other than "RATE HIKE IN DECEMBER" and we breakout to the upside. I'd expect the Santa Claus rally to be in full effect that point with Tech breaking out of correction....
Have a great night.
$AAPL: Loaded HEAVILY today, as the stock is building a base. Tight stop-losses to protect capital and profits. Looking for $AAPL to maintain a close above 174.42 area to get the bulls rolling. After-hours action could be a telling sign for a run to come tomorrow, but also be wary of any gap-up and fills.
$AAPL remains in correction territory and the recent gap fill was close, but still not entirely filled. That is not to say it will - just pointing that out. Looking for a target of about 179 - 180, before resistance shows significant strength again.
Analyst are all over Apple with downgrades of the stock, bonds, etc. You name and they'll downgrade it. The stock has been beaten to death and these analyst are late to the party, IMO. But, as we all know, anything is possible both positive and negative when it comes to news and the markets.
Have a safe and wonderful night all.
Narrative from the 17th (link below) remains the same for $ACB.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144953869
The 5.40 area from 20th, finally was tested today with a bounce at the end of the day; however, not enough to convince me anything has changed here with $ACB.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145003498
Regardless of all the "to the moon news", the dilution machine continues at $ACB with Investor Relations telling everyone how great the company is, while they blame the broader markets, etc. and glorify their business "forward thinking" tactics. This is OTC Market non-sense. They're using the same tactics the OTC Markets use with bombarding press releases, videos, community engagement presentations, etc. ALL OF THIS IS GARBAGE to someone like me, who needs performance to act louder than words. That's why I am not invested here (haven't been since October); however, will day trade a swing here-and-there if I'm not too busy flipping strong momentum stocks that carry the most weight and actually move the major indices.
All the millionaire fantasies and 'this stock will change the world".... is not a trading plan, LOL. And is surely not a trading plan of a professional trader who trades for a living. When we called the top, many jumped out of $ACB on the warning signs. THANK YOU to all those who Private Message - those who pulled out of $ACB and been staying on the sidelines during this falling knife. Of course there are opportunities here-and-there in $ACB, but they're short lived and can be profitable.
The biggest lesson in trading and investing is not to fall in love with a stock! I still wonder if there are people still holding from the high 10's, who believed this was going to $300, LOL. C'mon...
5.50 closed above; however, it's now very important to see how it preforms at these levels. If this level cannot hold and goes below 5.40/5.30 area again for a retest and fail - then that gap may finally fill at 4.99-4.90, which has been on my radar for some time now.
Granted anything can happen in the markets... good and bad at any time. Everything is different when you're trying to trade/invest as a business and turn it into a primary income source. That's why it's important to create a written trading plan. I guess that is a question people really need to ask themselves... why their really in the markets. Some have no intentions of being independent and 'learning' how to be profitable and run it like a business, then others want to soak up every bit of knowledge from those willing to share the foundational principles of how to truly turn this into something you can do forever - making money consistently.
Markets are looking much better overall with Retail and Tech making a comeback. GDP NUMBERS TOMORROW, can either continue this momentum upwards or turn it back down. G20 is this weekend and then the FMOC is the following week. LOTS of events the markets will be watching and volatility will be HIGH. Keep in mind most of Tech is still in bearish correction territory; however, they're almost out - then the fun really begins. Santa Claus rally is not too later folks!
Have a safe and great night!!!
Agreed. That methodology and ideology can impose catastrophic consequences. Then again, you learn quickly who the real traders are... those who trade for a living as primary income. And those who may make a good trade here and there but consistency is far in between. Not knocking anyone at all, but the pros will call it like it is.... instead of money dropping and dropping and dropping.... out money is out there making money and being compounded by selling tops and of swings and repeating the process. If the markets turn and the major trend turns bearish (like it is now) we make money faster and hand over fist shorting the markets. It’s the nature of the beast and art of the game, which I absolutely has so much passion for in almost every breath I take...
Anyone reading this... have a written trading plan with very clear and specific rules. Understand WHY you’re getting into a stock, where you’re entering (and why), realistic targets, realistic stop-loss targets, cut losses short, scale out of positions when taking profits. Leave emotions at the door - it has no place in trading. Don’t try to be a hero calling a top or bottom, or buying stock over and over trying to catch a falling knife. If you enter a stock and it turns out you made a mistake put the price to the side and exit (mich easier to cut a loss short than have your account blow up and take you out of the fight). I’d rather chase a higher price when the market conditions improve and momentum is in the favorable direction, than to buy a stock because it’s been beat to hell and an individual believes it can’t go down any further. Tell that to the big boy tech stock holders with impressive companies
Trading can be a very costs tuition, individuals must learn from mistakes. Keep a journal of trades addressing why you entered, where you entered, exited, etc. learn...learn...learn... If I told you how many hours a day and weekends for the past 10 years, I’ve dedicated to stocks, charts, Futures, to master this craft many would ask when I have time for family and myself. I compromise and have plenty of time with fam, even teaching my middle school son. Trading has provided us with a great life and one that I never take for granted or ever get complacent. Always learning, always analyzing the broader markets, always taking profits when the market provides them, always cutting losses short, etc.
Have a wonderful night!!!
Sent from phone.
LOL. Was at a red light Humbled by your comments. My night is taking a little longer than usual as I’m out spending money on the retail stocks that I killed it on today. Hit my Target... hint, hint.
If you go back and look at many of my recent and older posts several weeks back - the stock has been a “keep cash on sidelines play”, unless I’m day trading the stock where I’m in and out for only a few minutes with large block trades. I do that a lot since my trading is my primary income, so always need to ensure Money Flow is fluent. I’m very heavy trading into the $100 plus stocks up to $1,000 plus.
$ACB has a lot of noise with it - almost too much with press releases, biased authors, etc. The dilution in $ACB is incredible. However, there is one cannabis stock that’s strongest out of the group and has not been in correction territory. I cannot list it, but I’m sure you already know.
I highly recommend going back to look at my posts. I’ll be looking forward to looking at the charts again tonight. Side note: I only care about technical’s, time, and price in anything I do... whether investing or day trading. I also have a very detailed written trading plan with many-many rules and criteria, including money management. I highly recommend you to build one. I can give pointers if needed. I just want to help people make money and avoid the noise. I’m not perfect - no-one is, but it’s an absolute love and passion of mine. I love for my family and these markets 24/7/365.
Wish you all the best. Feel free to PM me anytime, if you have the capability, since I am trying to get away from posting on boards so much. Takes away from trading. I’ll also try to respond as soon as I can. Many-many PM me to inquire thoughts, etc. I can’t give advise but my opinion carries a lot of weight with people and many have avoid catastrophic situations.
Trading and Investing is all about timing... There are so many in denial because they’re deep in the hole and don’t want to admit or just need to have a better speculative to see the bigger picture. Anyway... everyone is different and I’ll never fault anyone - we all learn one way or another.
Sent from phone.
Made so much $$$ on TGT today, just bought a TON of sale items from the Target store. $TGT earnings were strong and the stock was abused without justification. $TGT remains on strong conviction buy for me.
Made so much $$$ on TGT today, just bought a TON of sale items from the Target store. $TGT earnings were strong and the stock was abused without justification. $TGT remains on strong conviction buy for me.
Made so much $$$ on TGT today, just bought a TON of sale items from the Target store. $TGT earnings were strong and the stock was abused without justification. $TGT remains on strong conviction buy for me.
Made so much $$$ on TGT today, just bought a TON of sale items from the Target store. $TGT earnings were strong and the stock was abused without justification. $TGT remains on strong conviction buy for me.
Made so much $$$ on TGT today, just bought a TON of sale items from the Target store. $TGT earnings were strong and the stock was abused without justification. $TGT remains on strong conviction buy for me.
Hey buddy! Made solid gains today. I’ll provide something on $ACB later today. My narratives remain from all my past posts
Nice to be the 5.50 close holding to avoid the potential gap fill at 4.99 - 4.90. I’ll follow up when I’m not driving.
Sent from phone.
5.40 are is here, see the post I’m responding to. Watch for potential gap fill. There is one cannabis stock that HAS NOT been in correction and continues to be the strongest.
Not saying it’ll fill, but must keep that in your sight, sHould this 5.50 - 5.40 area fail and become resistance. $ACB.
There’s the level. Gap fill on huge radar now....
Agreed. I'm too busy in the broader markets. It's just all noise that doesn't impact my trading plan. Hope you're doing well! Trading for a living is much different than speculation and 'what-if' scenarios. I'll leave that to others Had some solid tech day trades today and gearing up for retail holiday sales figures, which I anticipate to be the biggest on record.
Have a great night!
*Thumbs Up* Have a great night!
Look for retail figures (holiday shopping)... GDP numbers on 28th will move the markets... Keep that in mind!!!
Just sent buddy. Keep $ACB on watchlist.
$ACB at session lows. Keep cash on sidelines... Better to be riding momentum, then continuing to try and catch a falling knife in bearish correction territory. EOD rally for major markets; could potentially see a small pop from $ACB, but don't let the intraday noise trap you. Narrative for $ACB and cannabis in general has not changed. Patience, Discipline and a detailed written trading plan with specific rules and criteria will help to prevent losses and failed entries and exits.
5.40 next support; if downward pressure continues.
Gap closing on radar if that support breaks and turns into resistance.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144999915
$TGT: Looking GREAT... Cyber Monday expected to be the largest on record. TGT digital presence grew significantly, accordingly to latest earnings. They're prepared with plenty of inventory (again, per the earnings).
If you're just seeing this post and not in the stock... You can wait for the price action to close above (or maintain above) 69.03 as an initial entry (w/confirmation) and have a stop-loss at 68.07 or tighter.
You're welcome buddy. Just a watching game for $ACB. Careful with the fake-outs.
Not sure what that means... I'll get back in, when (and if) the momentum returns are a day trade or swing trade. When your trading is your primary source of income - you have to treat it like a business with a very strict and disciplined written trading plan.
Many areas of the market have provided solid profits today, so I am not worried about $NBEV. I am also never worried about the price of a stock or what it does. I follow the money and technical's only. For instance, General Motors had great gains, after entering on the news release. Quick 10-15 minute trade to lock in profits. It's all about timing...
Have a good day. $NBEV about to make new lows for the day.
Careful of the $ACB intraday noise with price movements. $ACB remains in bearish correction territory and all trends are pointing bearish w/ exception of a few fake-out pops.
The $6.00 area was the main battleground for the past 1 1/2 weeks and now remains as strong resistance.
Watch for a re-test of today's lows. $ACB could see that gap fill (sooner than thought). Cannabis sector dilution continues...
Make sure you're following your written trading plan, which should have strict and clear rules when to take profits, exit positions, stop-lose targets, etc.
68.45 has significant history with $TGT in 2018. Like to see today close above this area and turn into support. Cyber Monday expected to be the LARGEST ON RECORD as the single online shopping day.
In the NEWS.... Keep an eye on the GDP figures coming out on the 28th, as that will play a huge role into the potential Santa Claus rally.
Stopped out for now. Not a fan of how today's price is unable to stay above the 3.90 - 4.15 area. I'll jump back into this stock once momentum comes back. I was expecting a pop today, thus the reason for jumping into the play. Have to stay disciplined to my trading plan.
5.40 next support; if downward pressure continues.
Gap closing on radar if that support breaks and turns into resistance.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144999915
Agreed; especially when the market conditions shift. There are many things to take into consider to best determine what works best for each person. Risk tolerance and personal behavior (and psychology) are the most important. Investing is not for everyone; especially when you trade for a living as your primary source of income. Money has to always be working. Investing works great when the markets are not in bearish correction territory (obviously), so if I was an investor (buy and hold), I certainly wouldn't be riding these continued downward drops. Granted, a person can continue to throw money into a downward stock to average down; however, that is not always a great recipe. Always easier to cut the loss short, re-evaluate the broader markets, sectors, and individual stock prior to making a decision to 'get back in' or to 'keep money on sidelines' and find something else with profit potential. Great thing about the markets is there is always a bull somewhere - just need to find it and also know the bull could be a short term move.
Nope. Sold it all prior to the bearish correction and down-winds. However, it is a stock that I continue to monitor. Tech and Retail area my go to trades last week and this week. Money must always be moving, or be above stop-loss areas (which are constantly moved up (or down if selling short)). I hold zero positions in $ACB at this moment. To risky to throw money into something with no momentum. I'll wait for momentum before throwing money into $ACB, then continue trading it within my guidelines.
For now, $ACB is just quick day trade swings. No holding overnight indefinitely.
No. I was stopped out with a very tight stop-loss. I have no intentions of buying and holding $ACB until the technical's and correction territory improve. Keeping cash on the sidelines, unless it's for quick scalping and day trading in $ACB. There is too much money to be made elsewhere in the markets. $ACB has no momentum to make me money, so I cannot throw money into a stock and 'hope' for a catalyst. If I played that way, I'd be broke and trading for a living would not be suffice any longer. Hope that makes sense. For me it's all about timing. My trading plan is very specific and details with many rules, so as long as I stick by those with extreme discipline I'm able to avoid fake-outs, prevent pre-mature buying, cut losses very short, and ride the momentum in either direction (up or down).
I still suspect that gap fill to be coming... See all my posts where I talk about the 5.40 and 4.90 areas.
Market conditions have changed; therefore, the trading plan has to shift to accommodate the shift from long to day trading short pips (movements) and swings. It's a very disciplined game of getting in and out. Sometimes multiple times in the same stock. You can ride the waves up, and sell them on the way down - over and over... It's not for everyone, but it pays the bills
Stopped out, lol. Figured I'd try to catch something with my GM profits. Not worries. Have a good day. Narrative remains the same for $ACB.
Here comes that gap fill
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145006775
Setting up for a day trade.... In at $5.94...
Tight stop-loss
Being in correction it's expected to be in oversold territory. I'm not focused on those oscillators though - only time and price of the individual stock and sector. Looking forward to Cyber Monday figures. Need to see how inventory, shipping costs, and other demand figures pan out for $TGT.
* The oscillators have a cap out between 0 - 100; therefore, when in bearish correction territory they can show 'false breakouts', due to the limitations. Markets can continue to free-fall with oscillators remaining deep in the oversold area. For example, pull up just about any chart back in 2008 bearish correction.
Stop-losses are identified, should the support fall to hold.
Have a good day!!!
Doubled my position in $TGT with holiday spending appearing to be more bullish than expected. Price target short term of 70-72.50.
6.00 remains key battle ground.
Nothing changed for $ACB. Resistance levels remain.
Past Wednesday:
$ACB: breaking below ascending triangle. Profit taking into the holiday coming.
$ACB: 6.00 resistance remains dominant.
Small intraday bounce earlier. Hope no-one got caught:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145007871
5.40 area continues as support:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145003498
Resistance remains at 6.00 (watch for gap fill if 5.40 doesn't hold):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144999915
The market will continue to fall (minus a few intraday blips here and there). Keep cash on sidelines and do not try to catch a falling knife. Patience until the market corrects itself.
$DAL: Very strong consumer demand flying; weather cooperative. Oil prices helping significantly. Made some solid day trades on $DAL Wednesday and Friday morning. Ready for the technical's to continue performing.
Keep an eye on the airline sector as a whole. Markets are heavily anticipating holiday sale numbers by retails and consumer traffic flying.
Setting up for a momentum swing trade; just needs a couple of days to play out. Will see how $CVS acts tomorrow. May enter a few day trades, while we see how the retail holidays numbers look and the overall markets react. I'm only concerned with technical's and possible short term spike news.
As of now, just on my watchlist until market conditions in the stock match my trading plan criteria.
Narrative remains: Cash on sidelines (see post links in response). $ACB remains good trading for quick in-and-out day trading (easy money). Longer term swing trade requires momentum, increase volatility, and breaking out of correction.
All previous resistance levels, support levels, and potential gap fill targets remain status quo.
Have a wonderful night. I'll keep $ACB on a watchlist, as retail, tech, china stocks, and airlines are my main focus tomorrow.
Thanks for the comments. Technical's are all I focus on. The fundamental analysis is past tense at a specific date and is irrelevant once the ink dries - meaning the business is dynamic. Therefore, I'm not an investor. Nothing wrong if others are it's just not part of my written trading plan.
With that being said, I don't focus on the EPS, Book Value, or whether or not a company is pending any news, acquisitions, etc. It's all noise to me.
My main focus is how the technical's perform once 'any' event is released and digested by the markets.
I think Mexico will do something with cannabis beverages, but whose to say it'll materialize... all speculation and noise until it happens.
When trading as a primary source of income, my trading plan doesn't consists of holding shares of stock to ride waves against my position, unless the stop-loss %'s are initiated by me (which are all mental and pre-determined before my trade; not pre-entered into a platform).
Always have a trading plan (even if investing), protect capital, cut losses short, and never go against the trend.
Have a safe and wonderful night.