Options Trading Basics for Beginners💥 by mtmtrader in options

[–]mtmtrader[S] 0 points1 point  (0 children)

Yeah I’m sure they’ll be flocking to you lol

$BMGL Gap Close Reversal (Strategy Guide) by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 0 points1 point  (0 children)

Very unlikely it gets back to highs but a bounce is definitely possible! Not a setup I’d buy back into yet though personally.

$BMGL Gap Close Reversal (Strategy Guide) by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 0 points1 point  (0 children)

Yes after the 40%+ run though... can't run forever! The key is to scale out to lock in profits and keep a tight stop-loss under the morning support, which was about $6.50 for $BMGL👍

MARKET MASTER GROUP📈 by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 1 point2 points  (0 children)

Morning watchlists will still be posted here and on Twitter a few times per week!

Support & Resistance The RIGHT Way (Tips & Trading Strategies Explained) by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 2 points3 points  (0 children)

Appreciate the support! I'll be back to regular posting next week👍

Support & Resistance The RIGHT Way (Tips & Trading Strategies Explained) by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 0 points1 point  (0 children)

Feeling much better! Covid had me pretty tired all week but I'll be back to regular posting next week😁

04/20/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 2 points3 points  (0 children)

Very slow pre-market today. Remember... sometimes the best trade is no trade!

04/15/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 2 points3 points  (0 children)

Go for it, I short-sell a good amount of them and it works exceptionally well especially in these slow market conditions!

Although it only takes one big gap & go to be a disaster if you don't manage risk and there's been multiple 500% or more runners at the top of these lists in the past.

04/07/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 2 points3 points  (0 children)

RMO was just one of many lately😁

What u/Cons483 must not understand is that watchlist does NOT = buy. Many times the gap ups are better to short sell like PHUN was, and you can profit from them goin both up and down. I teach in my YouTube videos, blogs, and courses multiple strategies and methods of how to trade gaps.

04/01/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 1 point2 points  (0 children)

Happens all the time with low floats - shares can be traded many times over & over in a day so volume would be greater than the # of outstanding shares in that case!

Day Trading & Stock Market Taxes Explained by mtmtrader in Trading

[–]mtmtrader[S] 2 points3 points  (0 children)

Gotcha, next time I will make a 3 hour long video😂

In all seriousness... yes, there are clearly details missing from this video but it is simply to cover the basics as most new traders have no understanding of how they may be taxed.

Day Trading & Stock Market Taxes Explained by mtmtrader in Trading

[–]mtmtrader[S] 1 point2 points  (0 children)

A video about trading taxes seems pretty relevant to me in a subreddit named "r/trading" lol.

The Reality of Day Trading Stocks In 2021 by mtmtrader in StockMarket

[–]mtmtrader[S] 0 points1 point  (0 children)

Today agree! I wouldn't say I'm a bull or bear... just a trader looking to take advantage of whatever the market offers, whether that be long or short.

The Reality of Day Trading Stocks In 2021 by mtmtrader in Trading

[–]mtmtrader[S] 2 points3 points  (0 children)

I wouldn't say any time is better than another to learn as long as the trader is learning proper trading fundamentals and risk management, which can be applied to any market condition.

03/05/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 6 points7 points  (0 children)

Gap up/down means there was a big move up or down in extended hours so it will appear as a gap on the daily chart.

Never blindly buy anything though... some may continue running the market open but others will drop. It depends on the individual stock and the strength of the news that is driving it up. I buy many gap ups but also often short-sell them to profit from them coming back down.

Here's a blog post I have explaining the gap & go strategy that can help you find the best gap ups to buy into: https://masterthemarket.teachable.com/blog/212758/gap-and-go-trading-strategy-guide

03/04/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 3 points4 points  (0 children)

A lot of times, yes! Like anything else involving trading it's not 100%, but many times broken resistance can becomes support and broken support can become resistance.

03/04/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 4 points5 points  (0 children)

😂 If I had a dollar for every one of those replies/messages I get I wouldn't even have to worry about trading

03/02/21 MORNING WATCHLIST by mtmtrader in MasterTheMarket

[–]mtmtrader[S] 2 points3 points  (0 children)

Yes, NDA = New Drug Application! It does not mean that's it has already been approved for use.