Long and Short Financials Stocks 5-19-20

Today's trading lesson focuses on the when to use stocks, options or futures.

Certain stock market conditions require different action when it comes to margin. Each type of security has benefits during specific types of price action.

We discuss how and when you should make trades using each of the three major instruments.

Interesting part of this conversation centers around the three primary reasons most people trade options.

I think you'll find it ironic that most professional options traders will tell that these three reasons are the wrong reasons to use options.

Trading Game Plan 5-19-20

Watch:​ Today's Best Stock Picks

Today's best stock picks focus on the financial sector.

We discuss a trading game plan for stocks making all-time highs, versus stocks that reported poor guidance and have offered better opportunities as short sales.

A couple of key stocks traded into bullish engulfing candlesticks and have the shorts trapped after an inside day and gap higher.

Interesting tape reading scenario and how to trade it today and into the next 5-10 days.

Goldman Sachs GS had a torrid bullish day while PayPal PYPL reached all-time highs and closed near the lows.(But the better trade for each remains in the opposite direction!!)

V Visa and MA Mastercard hit key levels but also have different game plans.

Have a great day!
Pete