592% Gain in this Stock 5-8-20 + Day Trade or Swing Trade?

Managing Your Winning Trades with Little Stress

Are you day trading or swing trading?
The most common question I get by far!  

In today's trading lesson we deep dive into the mindset professional traders have to manage winning trades.

Trading stocks is NOT "set it and forget it."

When you're trading at the highest levels you are working positions and trading around core positions.

We review my chart setup and I outline a system for holding winning trades longer.

A method you can use for both day trades and swing trades.

Trading Game Plan 5-8-20

Watch: Today's Best Stock Picks

The NASDAQ has roared back to erase the pandemic losses. So are we continuing to buy those stocks?

Yes, but with a different list of trading setups. Many have traded higher this week but the profit potential to justify new risk has decreased.

We're also game planning for stocks with earnings this week and looking for new trades based on the earnings guidance for the next quarter. 

Three popular stocks that will be on the watch list today include SQ, TWLO, PTON.

W, Wayfair stock price has exploded 592% since the March 2020 lows.

We review how to set up your next trade in this active stock.

Have a great day!
Be safe.
Pete