Master Trader Plan for Week 12-5-18

In last week’s Monday letter, we were looking for prices to move lower unless they could trade above the prior day’s high. Well, they did that first thing Monday morning, gapping up from the prior Friday’s close, and then moved above that high. Once prices entered the...

New Long Stock Idea on SFIX 11-1-18

New Long Stock Idea on SFIX 11-1-18 Reminder, please read the value-added documents at the bottom of your member area. Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.   NEW TRADE IDEA:   11/1:  SFIX – Over...

Master Trader Plan for Week 10-29-18

In last week’s Monday letter, I wrote about possible scenarios for the markets. The retest and reversal scenario set up I believed was the most likely, but it did not give a confirmation signaled by trading above the prior day’s high. For the least likely scenario, I...