Brian Pez

Hi Alex There is really no way to manage risk overnight. Once the markets are closed it is a done deal and you are stuck in the position overnight until the open of premarket. I do not think that Stop loss orders will fill in the premarket or aftermarket. If you enter them they will wait for the open of regular trading hours. You can watch them and set alerts but orders need to be entered as limit orders after regular trading hours. Manage your risk with research and share size.

Hi all I will be in the Toronto area over the coming weekend. Peter has said he may also be able to attend. If there are BBT members that would like to have a get together please let me know. Sunday late afternoon or early evening works well for me. I am not that familiar with venues in Toronto so I am open to suggestions from locals.

Welcome to the community @TonyRay, @stonks88 and @Andrew Agliata.

Sounds like fun....I do not think I can make it but will be there in spirit.

This sounds great - see you all on Sunday.

Hey guys, Andrew and I will be in Toronto on the weekend of April 5. I can meet the 5, 6 or 7th and Andrew will be there a little longer ( i think til 9th) so he can do those other days but I will be gone. Let us know if your up for a meeting and what date works best.

Interesting thoughts on PRTO. It has already run quite a bit last week. Like most small biotechs they are losing a lot of money so I am not sure that an earnings report is going to move this stock. Has a relatively small float.

Personally, I do not like to trade any OTC stocks. They seem more likely to have price manipulation. If you do play in that market and happen to get a double, take half off to get your money out - at least if it falls back, you still have some profits to show.

Hi Everyone. We are slowly expanding on the Swing Trading platform and wanted to let you know that you can sign up for swing trading opportunity alerts. The sign up forum is at the bottom of the Swing Trading section (under the "Other Trading" tab) on the BBT website. We will not be using your email to blast you with ads and other info. It will only be used to send trade opportunity alerts. What we hope is to give you more timely information on opportunities that come up throughout the trading day. These are not recommendations to buy or sell securities but they will give you ideas for you to form your own opinions on a potential trade. More to come. One step at a time. Brian

Another good day for SQ on Wed. Pot stocks back in favor and holding some long. Agree that the market is getting close to a level of resistance. Also market seems to sell of into around 10:30 then heads higher....good time to look at taking a swing trade entry.

We have had a great run on a number of stocks but I am feeling the need to get a little defensive because we have had such a nice bounce in the market and getting back to some previous support on a number of stocks. SQ hit my target today so took the rest off at open. Might go higher to 65 but I am happy hear. Hopefully you exited all ROKU. That was a big drop today. AAPL could be turning here and might be worth a starter position....but it has not broken the downward sloping trend line drawn off the candle tops.

Great swing trades on ROKU and SQ. I had some shares of SQ from Friday but missed the ROKU move except for a day trade scalp. SQ could run a little more but will likely see some resistance around 63 if it gets there. Another trader in the room (Angel) had a great trade on GE. Picture perfect set up on a daily double bottom.

Weekly recap and week ahead posted in Education Swing trade and on Youtube.

Gold has been showing some strength and has made what looks like an inverse head and shoulders. First level of resistance is 17.

Hi Everyone. Looks like we are going to be in for another volatile week of trading. Utilities has been the only sector working for the bulls as a safety trade. See the ETF XLU back to high from a year ago. Gold seems to be holding in there too with the price around 1250. I will be watching NUGT for a possible long trade. CLVS popped up on a scan and looks interesting for a long - a long entry around 20 would be great but not sure if we will get a pull back to there. ABEO also looks to be consolidating. Having said all that, hard to get really excited about being long anything in this market. Will see what Monday brings in terms of market action.

Couple of notes on the forum. We have added a swing trade section in the education section for our members. I will post there regarding market reviews and trade ideas for the coming week. I have also posted my Dec 2 on youtube - this is currently up now. This will become a regular posting on the weekend and I will add posts during the week if opportunities pop up. Right now I am looking for a bounce in oil, continued strength to carry over from the previous week in techs and maybe even some moves back up in pot stocks like CGC. Stay tuned for more to come.

Great overall high level assessment Nas and I am in 100% agreement. Market seems tenuous here. Lots of fundamentals suggesting market may drop (Europe weakening economy, more tariff talk, bull market long in the tooth, interest rate hikes question ete ete), - a path higher seems unlikely....consolidation which means chop, especially on news flow. Also looking at high yield bonds HYG - starting to drop another ominous sign for bulls. Thanks for posting set ups. YETI - earnings on the Nov 29th - I do not like holding through an ER - just saying. NTGR - building a base and looks interesting BLL - agree strong uptrend, RSI showing it is pretty overbought, need a pullback for entry as you suggest ADP - jmho - looks like it is in no-mans land right now. CROX - really extended here, needs pullback to take an entry ANAT - tough chart to trade...looks like it might be range bound. I posted a youtube video showing some stuff I am watching including maybe a bounce in oil. Can play with XLE, OIH, GUSH, UWT or individual oil names - pick your poison. Next OPEC meeting coming up in Dec and they will likely talk about production cuts.

The long trade on XLK seems like it was a bit of a bet on NVDA earnings. See what happens tomorrow. Fingers crossed for you. I bought 100 shares of BABA, was going to add to my position but held off - just not quite convinced we are ready to break back higher. Should be a volatile day again tomorrow (Friday).

Tomorrow will be interesting. NVDA and AMAT just two more examples of why I NEVER hold stocks through earnings release. People were saying 'its OK, the stock has come way off its highs so even if the earnings numbers are bad, they are baked in". They are rarely "baked in". I think this shakes the confidence of tech investors again and we could see another sell off tomorrow - especially being Friday. Will see what happens. Agreed LULU looks interesting, - sold off after hours due to other retailer reports....might be a good entry here but depends on market as per my comment above. An entry around 136 would be great for risk reward eh?

I agree with your opinion on more selling but we had a gap fill today and have reversed hard. I would have liked to see a retest of lows for a good double bottom pattern but maybe we do not get there. NVDA and AMAT and WSM reporting tonight. I like all these charts that you posted for potential reversals - great job picking those out. Strong finish into the close today (Nov 15) might be worth a morning gap swing but I will not touch these 3 that are reporting. Maybe an etf like TNA...will have to see how we close.

Agree, I also use finviz or sometimes chartmill to do scans. Online broker platforms also have scanning tools but the two I mentioned are very straight forward to use and versatile.

Peter Obviously, doing strangles can be an interesting strategy in trending volatile markets. Working with indexes again will work as long as the overall market is trending or moving a lot. Good to here this has been working for you.

Hi guys and sorry for the slow responses. I have been swamped but getting back on my feet now. On CL I bought the Dec 21 calls to give myself some time to get through this volatility. I decided not to sell them when CL dipped down because I do see a path higher and did not want to get shaken out on the small panic sell off that happened. I will sell them if they can not hold the 61 level. As a side note, I do not play options very often.

Yes margin does work on ETF's but the various brokers have different rules for the different ETF.s For example a short ETF will likely have a different margin rate compared to a long ETF. ie TNA versus TZA. Check with your broker on their rules.