"When the market was down tremendously, we were killing it with big wins on TMUS and BJ." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Yesterday's open was anything but quiet. Indexes were down quite a bit after the tariff headlines. So where do we go from here? The truth is it's hard to say. For one, if we have a massive de-escalation and countries start striking deals with the U.S. left and right – then we could see a massive short covering rally. We could also get additional selloffs if no big counter headlines come in, which could lead to a margin call Monday type situation. But despite the down markets, I'm still finding winning opportunities with my TPS system. Check out these two recent triple-digit winners. One of those was T-Mobile (TMUS). Here's how I got positioned… I noticed on my S.A.M. scanner that TMUS had multiple stacked squeezes. It was also pulling back to the point of control. So I played the A+ daily chart for a run into earnings. I closed 2 of the TMUS trades for winners. One was for a 50% gain and the other for a 100% gain as you'll see below. But I wasn't done there. I also had another trade going on BJ Wholesale (BJJ). BJJ was another recent earnings winner with a chart I loved (the woodpecker pattern) and there was already some established upward momentum off earnings. I was looking to ride that momentum to all-time highs and bought the 4/17 $110 calls. Once the momentum on BJ continued, I started scaling out of the trade and ended up closing for a massive 272% gain over 9 trading days. This is the power of having a system that works in any market. The markets could be selling off terribly like they were yesterday, and yet you can still winning opportunities. |
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