THERE WILL BE NO VIDEO LESSON THIS EVENING. IT WAS GOING TO BE A SHORT VIDEO AS I KNEW WE WERE GOING TO LOSE POWER. WE LOST IT WHILE I WAS MAKING THE VIDEO LESSON. I WAS GOING TO REVIEW $CALM AND THEN GO OVER THE FIVE STOCKS I TALKED ABOUT IN THE PRE MARKET AND AFTER THE OPEN. THOSE FIVE STOCKS ALL HAD MOVES OF AT LEAST 5% OR MORE FOLLOWING MY ALERT/CALL OUT. I BRING THIS UP BECAUSE THE INTRADAY TIME FRAME REMAINS THE FOCUS TIME FRAME. $CALM IS A GREAT STOCK FOR A WEAK/CHOP MARKET BUT IT’S PROBABLY GOING TO END THE SAME WAY THEY ALL DO. IT EITHER WORKS OR I AM OUT. ONCE IT IS UP 5%, BREAKEVEN STOPS WILL BE IMMEDIATELY IMPLEMENTED. TRADE SMALL OR PLEASE DO NOT TRADE AT ALL, ON AN EOD BASIS.
A friendly reminder to everyone that if you are taking EOD trades you need to keep them as small as reasonably possible (or not take any at all) until the market is healthier and/or we get a Grade-A signal. The entire rally off the October lows has produced ZERO Grade-A setups via the CANSLIM or my personal methodology. This has kept us and will continue to keep us safe if the sell off continues into the EOY. Capital preservation is more important here. Piker size only. Do we all understand? Excellent. This is a hard-penny market. I like easy-dollar markets. I trade accordingly. Happy trading. Aloha.
