Rabu, 11 November 2020

You Gotta Know When To Fold ‘Em

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Good Morning, Bullpen!

This morning, futures are all gapping higher — and we'll see if there's really a market-wide rotation out of tech right now… or if it was just good ol' fashion profit taking.

It's been a pretty choppy market environment, and some traders have been sliced up by this mess of a market.

For those who have been stuck in WFH and tech stocks that got hammered, and are still long...

There's one key to successful trading — minimize your losses so that you can live to trade another day. As Kenny Glick says "it's ok to be wrong, just don't stay wrong."

When the opening bell rang yesterday, Kenny was ready...an hour later he had made his day's pay and felt great.

Then came this trade in CRSR...

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Kenny had been watching this stock, and noticed that around 10:15am EST, after hovering below the VWAP (blue line) for an hour, it finally broke above - Kenny's buy signal.

It's at this point that many new traders would have emptied their accounts and bought as much as they could just to see all their money vanish when the stock broke below the VWAP and crashed 3 points.

Not Kenny - he knows that no matter how confident you were about the stock, if it breaks the VWAP to the downside - you need to get out.

He may have taken a small loss on this trade, but if he hadn't stuck to his rules, it could've been disastrous.

It's rules like this that keep him in the game and profitable - what are your rules?

Come learn from the expert traders in the Bullpen today - and when they're live, ask them about their rules of trading.

So join me for the Morning Show at 8:20am EST so we can plan our day, celebrate our wins, and make money together.

See you there!


Programming starts at 8:20am EST.

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8:20-8:30 AM

Walk through the pre-market with the Sturg, RagingBull's IPO expert.

8:30-9:00 AM

Hitha breaks down the big stories that will impact the market

9:00-9:30 AM

The Penny Pro walks through his watchlist and highlights what he's looking to trade today

9:30-11:30 AM

Join Kenny as he attacks the market with his VWAP strategy

11:30-12:30 PM

Digital asset trader and Gold Refinery owner Nick Black gives a lesson on trading precious metals and digital assets

1:00-2:00 PM

2:00-2:30 PM

Market whiz, Olivia Voz, reveals how she uses volume indicators to win on her trades

3:00-4:00 PM

Recap the day's trades and look for another day's pay before the closing bell

*All times are Eastern.

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  • ACB - The stock is down 15% pre-market to 7.10, as the company priced a 125M common stock offering at 7.50 per share.

  • DDOG - The company reported a good quarter: EPS 0.05 vs 0.01 est, Revs 154.7M vs 144.3M est, slightly higher outlook but still failed to impress investors - both JP Morgan and Mizuho announced downgrades and price target cuts. Shares are losing 10% in the early hours.

  • FUBO - The company reported EPS of (1.65) vs (0.47)est, Revs 61.2M vs 54.3M est. It also announced plans to expand into the online gambling business. The stock is moving 35% higher on the announcement.
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Before Market Opens:
Air Products and Chemicals Inc (APD) - Consensus EPS 2.174, Revs 2.254B
XPEL Inc (XPEL) - Consensus EPS 0.17, Revs 41.400M
MasterCraft Boat Holdings Inc (MCFT) - Consensus EPS 0.332, Revs 96.180M
Lincoln Educational Services (LINC) - Consensus EPS 0.04, Revs 74.350M
S&W Seed Co (SANW) - Consensus EPS -0.18, Revs 12.000M
Delcath Systems Inc (DCTH) - Consensus EPS -1.63, Revs 0.409M
Sonim Technologies Inc (SONM) - Consensus EPS -0.18, Revs 18.167M


After Market Closes:
Atmos Energy Corp (ATO) - Consensus EPS 0.514, Revs 578.400M
Tetra Tech Inc (TTEK) - Consensus EPS 0.806, Revs 620.000M
Reynolds Consumer (REYN) - Consensus EPS 0.507, Revs 797.000M
Green Thumb Industries Inc (GTII) - Consensus EPS 0.012, Revs 135.438M
Vroom Inc (VRM) - Consensus EPS -0.365, Revs 310.636M
CMC Materials Inc (CCMP) - Consensus EPS 1.75, Revs 281.750M
GoHealth Inc (GOCO) - Consensus EPS 0.001, Revs 169.333M
Hillenbrand Inc (HI) - Consensus EPS 0.67, Revs 620.000M
Pactiv Evergreen Inc (PTVE) - Consensus EPS 0.225, Revs 1.200B
Outset Medical Inc (OM) - Consensus EPS -2.272, Revs 11.500M
Revolve Group Inc (RVLV) - Consensus EPS 0.139, Revs 158.067M
GrowGeneration Corp (GRWG) - Consensus EPS 0.064, Revs 47.463M
NV5 Global Inc (NVEE) - Consensus EPS 0.704, Revs 155.400M
SpartanNash Co (SPTN) - Consensus EPS 0.623, Revs 2.128B
OTC Markets Group Inc (OTCM) - Consensus EPS 0.33, Revs 16.700M
KLDiscovery Inc (KLDI) - Consensus EPS -0.32, Revs 70.200M
Fossil Group Inc (FOSL) - Consensus EPS -0.73, Revs 334.000M
PDL BioPharma Inc (PDLI) - Consensus EPS 0.06, Revs 5.500M
Tela Bio Inc (TELA) - Consensus EPS -0.482, Revs 4.578M
Pangaea Logistics (PANL) - Consensus EPS 0.015, Revs 119.000M
Velocity Financial Inc (VEL) - Consensus EPS 0.148, Revs 16.000M
HyreCar Inc (HYRE) - Consensus EPS -0.097, Revs 6.438M
Limbach Holdings Inc (LMB) - Consensus EPS 0.09, Revs 142.000M
Synacor Inc (SYNC) - Consensus EPS -0.07, Revs 20.333M
OpGen Inc (OPGN) - Consensus EPS -0.36, Revs 1.000M
Super League Gaming Inc (SLGG) - Consensus EPS -0.307, Revs 0.693M
Conifer Holdings Inc (CNFR) - Consensus EPS -0.093, Revs 23.733M
Salarius Pharmaceuticals Inc (SLRX) - Consensus EPS -0.105, Revs 1.345M
Senestech Inc (SNES) - Consensus EPS -0.12, Revs 0.050M

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Hitha

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Write us at support@ragingbull.com or simply hit reply to this email.

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