Brewmaster said:
I'm going to give OA's trading service a full month and will report back here from time to time on my thoughts. I'm not starting yet, but will join up this week (when I get caught up at my real job).
Happy to have you check us out! Make sure you have Telegram and reach out to @JeffOA1 for link to free first week. Read the last page and wanted to provide some clarity. Anyone notice we've been in a correction since July 27th?
I would like any members who have been involved with the day-to-day instruction and trading to validate everything (claim) I am about to provide.
Shortly after the service opened, I spotted the outside bar (identified July 27th on the chart below) and from that INSTANT began a mantra for traders, especially low capitalized ones, to SIT ON THEIR HANDS. If trading downside is uncomfortable or foreign to someone then that was the overarching message. Therefore, how many Official Alert long trades do you think would be forthcoming? How many shares for long-term entries would you imagine I gave? If you answered "very few" you win a hotdog.
It wasn't an ideal market time for launching a trading service, but as many of the smaller account holders have told me, they are sure thankful to not have exposed their capital to the markets. There were 3 pure buy signals I initiated during these last 3.5 months. All 3 of them turned out to be EXACT lows. One was given while at a funeral, and I had given 3 stocks to buy in the premarket if certain indicators were given. I texted "BUY AGGRESSIVE" as the funeral was about to begin, having seen what I was waiting to verify. Those 3 stocks moved up $9, $12 and $21 respectively from that message.
The second buy signal had a similar opportunity with 2 stocks in particular that made $10+ moves. Then we turn to last week. I had given members my targets for a next bottom trigger. Never said any of these are THE bottom, simply opportunity trade bottoms. We triggered the flash breakdown move and had taken strategic positions to capitalize risk free on the (hopeful) flash. It was the first time I focused my premarket thoughts on the smaller account traders. "Now was the time to get your hands out from beneath your seats and participate."
I have always agonized over anyone losing money. On the previous page I saw people saying how confusing the markets are - going up when you think they would go down - and vice versa. I can assure you that that's a motivation for being able to demonstrate, in real time, exactly how I've managed trading, and market analysis represented over the past 10+ years on TexAgs. There's certainly nowhere to hide in real time trading.
Again, happy to have any involved daily members verify or refute ANY of the above, as not being 100% accurate.
Finally, I would be remiss not to extend some trading education experience on this thread. Outside Bars are searched for on daily, weekly and monthly timeframes. When you have an outside bar (the bar extends above and below the previous day/week/month) they are your first/highest technical indicator on future direction. The days after that is identified may trade above or below intraday(s), but it is the CLOSING candle above or below that should be your first technical signal of directional probability. Further, when you have one at the end of a long move (JULY 27) your very first instinctive thought needs to be "this could be a directional pivot". They (insitutions) use these to hide their technical signals, and you'll notice the July 27th OB was followed by multiple days trading INSIDE the range. Then the breakout occurs. Through experience I was immediately cautionary on seeing that July 27 outside bar. I made large share sales, layered Puts, entered covered calls - then waited for the outcome. I have bracketed each outside bar and take a look at how each ended up giving a technical signal on direction. The one last week was almost like giving me the biggest green light in a long time to buy like a mad man. Hope you add this to your arsenal, to gain an advantage over the confusion market makers revel in creating.
