≈ Pull the Trigger. ≈
If you want to travel north, do you jump on a southbound train? Not if you desire to get there in a direct and timely fashion. The same goes for trading. If you’re purchasing a stock in hopes that it rises in value, it’s better to enter when prices are already moving in the right direction.
Traders call this confirmation.
The “E” in our S.T.E.P. System stands for entry. As in, when do we enter or pull the trigger on a trade? Where you place the entry depends in large part on the underlying chart pattern. For a bullish breakout, we often put the entry above resistance. That way, the stock has to prove itself by breaching the ceiling before we climb aboard.
For bullish retracements where an uptrend has retreated to support, a typical entry technique is to buy above the previous day’s high. Remember, down, down, down is not support. Down, down, up is support. We need the upward movement in price to confirm.
The opposite is true for bearish retracements where a downtrend has rallied to resistance. In these cases, we usually sell short below the previous day’s low.
Our S.T.E.P. Swing Trading System methodically walks through each primary charting pattern and helps you understand the logic and logistics of proper entry placement.
Swing Trading Special Webinar
On September, 20th 2021 at 8:30 PM EST, we will be holding a special webinar that will teach you everything you need to know about Swing Trading. Visit the link below and be sure to click SET REMINDER, so you won’t miss it when Coach Matt goes LIVE.
Chart of the Day
S&P 500 Futures
It has been a while since we had a nasty opening but it looks like we are having one to start the week. We will be here all day and all week to break down this technical pattern throughout all of our live programming.
Video of the day
Coach Frank’s Charts
Watch this clip from Friday’s Halftime Report where the coaches analyze Frank’s charts and discuss their potential trading setups on stocks like Twitter, First Solar, LyondellBasell, Shoals, and Applied Materials.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Watch the Stock, Options, Commodity and Forex Reports to help you prepare for the week.
Financial freedom is a journey
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.