Jim Cramer Hopes China Fails to Honor Trade Deal
How to Trade Stocks With Order Flow
Creating a flawless game plan going into the day is the key to consistent wins in the stock market. There's nothing more costly than "waiting to see what happens."
Yet the number of stock traders who do just that is staggering.
Thee hardest part of trading happens before the market opens. Knowing what you will trade and how you will trade it comes down to your edge. No edge = no trade.
But when your edge finds opportunity, those stocks go into your game plan. Today's video explains what to do in situations when order flow is obvious.
It's not as easy as it sounds.
What do you do when:
- A strong stock opens lower?
- That same strong stock opens lower, and keeps going lower. When do you buy? Do you buy?
- A strong stock opens high and then falls sharply. Do you plan to buy?
These are only a few of the choices you need to plan out.
The image below outlines a few of the potential actions you can game plan.
Enjoy today's video and leave a comment if you have any questions.
Pete
PS. One of the most important lessons to take from today's video is about seeing no trades. Yes. No trades. When you have an edge, there will be plenty of days where you SHOULD say, I don't see anything. This is good. This means you are only taking trades that have high trade expectation.
Boris Johnson’s Conservatives cruise to victory in election as British pound and stocks surge
Boris Johnson’s Conservative Party has won Britain’s crunch election and gained a decisive majority as voters backed his pledge to “get Brexit done.”
Johnson fought his campaign on the controversial issue of whether Britain should leave the EU — which has split the country and been a drag on the pound and markets since the referendum in 2016.
marketwatch.com/boris-johnson-wins
Jim Cramer: ‘I almost hope China reneges’ on its trade promises
CNBC’s Jim Cramer on Thursday laid out his case for holding a hard-line position in the U.S.-China trade war.
Cramer is in favor of the U.S. tariffs in place on billions of dollars’ worth of imports from China as a means to force the country to change its unfair trading practices. For more than a year, the two countries have been engaged in a trade dispute that has escalated over time through a series of tit-for-tat duties.
cnbc.com/jim-cramer-us-china-trade-deal
Why Bulls Betting on Perfect Market May Get Burned by Q1 Sell-Off
Investors who expect good economic news to boost stock prices further should, instead, brace for weak data that will trigger a major sell-off in the first quarter of 2020, according to a detailed report by Morgan Stanley.
