TRADE TO CLOSE

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A 50-minute Head Start On The Closing Auction

There's a thing the market does every day at 3 PM that I've become a little obsessed with. It's a data feed the NYSE Arca exchange starts publishing live at exactly 3:00 pm every trading day, and for the next 50 minutes it shows where the biggest money in the market is positioning into the close. Most of Wall Street sees this same information at 3:50 pm. Mark and I see it at 3:00. Here's the thing about me. I'm a chaotic wildfire as a trader, which is exactly why I'm obsessed with rules. Give me a signal that fires at the same time every day on the same ticker and I will run it into the ground. Mark Sebastian feels the same way. We've been reading this feed together every trading day for months and built one of the cleanest little trade structures I've ever put on. One ticker,

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57% of these patterns end the same way

57% of these patterns end the same way. That's not my opinion. That's Tom Bulkowski's research, the most cited body of work on chart patterns in technical analysis. The pattern is called an ascending channel, and SPY is sitting at the level right now where the trade triggers. The market is at all-time highs. SPY is over $737. And I'm getting ready to short next week. I'm not bearish, I don't think the rally is over, and I'm not calling a top. I'm reading a pattern that has a name, has documented historical performance behind it, and is showing up on the SPY chart right now in textbook form. An ascending channel is one of the most basic and most reliable structures in technical analysis. Two parallel upward-sloping trendlines, with price moving in a steady rhythm between them, where the lower line connects higher lows and acts as support while

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The stock that has cost me the most money

Apple is my kryptonite. You know what I mean… The one stock that has been beating up your account for years, the one you keep going back to because you think you finally figured it out. You buy the breakout and it fakes you out, you short the top and it rips through, you wait for it to come back and it doesn't. Mine is Apple, before Apple it was TTD, and every trader has one. Most people respond the same way. They keep doing the same trade and expecting a different result. Same setup, same swing trade, same outcome. The account bleeds and they tell themselves the next one will be different. It won't. But there's a fix. I learned it the hard way and I taught it to my room today. It works on any stock that has consistently beaten you, and it has nothing to do with

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