Trade To Close

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Mark Hates Apple and He Took the Buy Signal Anyway

Mark hates trading Apple. If you’ve ever heard him talk about it, you know I’m not exaggerating. So today I’m on with him going through charts, and he says, out loud, that he’s getting a signal to buy Apple. And I’m like, you? Apple? And he’s like, I know, I know, but it’s there. And he didn’t argue with it. He didn’t talk himself out of it. The guy who’s been dunking on this company for years looked at the signal and took it seriously, because the signal didn’t care how he felt. And watching him do it, I realized he was doing the one thing almost nobody in this business can do, and the people who can’t are the ones who eventually blow up. It’s not a strategy, it’s not a setup, and you won’t find it on a chart. Once you see it, you’ll start catching yourself breaking

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When to Freak Out About a Chart and When Not To

Mark asked me on air yesterday what levels I'm watching. Everybody asks that. What's your number, where's support, what's the line. And I get it, because a number feels like a plan. But I don't really look at levels, and I told him that on live TV. I look at where we are in the chart. Not what price we're at, where we are. That's the difference between a trader who panics every time the market dips and a trader who knows which dips matter. There's one question I ask about any chart before I decide whether to worry, and it isn't a price. It's the reason I didn't panic on Monday and the reason I'm not chasing this week, and once you have it, you stop freaking out on the days you shouldn't and start paying attention on the days you should. Here's the question. Where is price sitting

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(Quick Trade Idea) the Breakout I Told You to Wait for Just Happened

Two weeks ago I told you there was one chart that had to take out its high before I'd trust this market. It did, and then some… It's at all-time highs, I'm so excited, and I went long with my members last week and we rode this thing straight to profit town. The writing was on the wall. The chart was coiling in a pattern I love, the first crack came Thursday, then Friday's jobs report gave us the catalyst and we got a blue sky breakout. Monday followed through and it gapped again today. That's momentum in the bulls' control, and I wanted my people to feel what it's like to be part of an all-time high instead of watching it from the outside. So now, what's next? I pulled the levels, I've got the one we're holding above, and I've got a target. Rock On, Voz  

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