Trading results of gains are the goal. This week’s trading idea results follow as a lessons learned.
I hope your trading has been successful this week. Last weekend, 6 trading suggestions were given using StockSwipe. How did those suggestions do? 6 of 6 were gainers if entered at the right point- key right?
How do you know when to enter? Well, a trader can’t get perfect entries but chart analysis and social media, like Twitter, and trading apps, like StockSwipe, can help. What follows are the possible gain ranges and charts to assist in helping to estimate entry point. An exit point is usually determined by a trader before a trade, and can be a set percentage or dollar value generally called a greed line.
$GILD — Gilead Sciences Inc.
$FCEL — FuelCell Energy Inc.
$PANW — Palo Alto Networks, Inc.
$BURL — Burlington Stores, Inc.
$WUBA — 58.com Inc.
$ULTA — ULTA Salon, Cosmetics & Fragrance, Inc.
Mid-Week Update
I occasionally give a mid-week update @mbamann2011 on Instagram.
Final Lessons
Charts have been added in the results section to show various chart indicators and trends that occurred before catalysts noted at trade suggestions.
After ER trades are often volatile- Even after a good ER beat a ticker can trade at break even before profit taking sets in. $WUBA was an example of this this week.
Watch option volume- A great trade can end quickly if option volume is too low to exit. The $BURL trade was an example.
Finding trading targets- StockSwipe can take the pain out of finding targets and save a trader time. The ticker cloud shows current relevant tickers with trader buzz.
Overall stock market trend- Many trading strategies do rely on the overall market trend, such as the before or after ER strategy. The stock market was up overall last week but volatile. Is it a coincidence that many of the charts shown today have a similar trend?
