Day Trading, Thursday, 2.18.2021
Feb 18, 2021I posted 7 trade alerts in the chat room this morning and 6 of those hit targets.
In today's video, I emphasize the correlation between the market context and stock selection/direction. First, it's important to keep an eye on the market context. I use the SPY to help me with that, but sometimes the market moves in unexpected ways and you have to stay on top of it. Second, it's important to look at the contextual trend of the stock you're trading. While contextual trend direction is not a fix-it-all for trade selection, it can help us add a layer of probability to our chart analysis.
Interested in Bob Joiner's day trading chat room?
At the following link, you'll find a 2-minute video overview and a link below that video to receive more information.
