Stock Market Bounces Stocks to Buy 3.24.20
Yesterday's stock market analysis is paying dividends this morning. Today we can feel comfortable picking stocks again.
Stock futures are trading higher. Global stimulus plans and country-wide lock downs will get the credit.
But truth be told, the selling exhausted itself.
The stock market declines were getting weaker, despite the large end of day numbers.
It's an advanced trading that lesson that I explain in detail in today's video.
A huge lesson to grasp is when to avoid that last trade. Eliminating trades that have lower odds of continuing instantly makes you a better trader.
Short selling yesterday was one such circumstance. Which is why I declared "The case against selling bad news."
If you aspire to trade stocks for a living, you must learn what not to do. So you can do more of what works. I know that sounds like Yoda but avoiding the "dumb tax" is imperative for success.
TODAY'S TRADING GAME PLAN
Today we have a list of stocks that meet short-term criteria on the daily chart to consider longs. AMZN is on the list but not one of our A+ stock picks today.
We also review the differences in chart setups between ROKU and NFLX and which one has better chances to offer bigger profits today. (See the Chart)
I've received some emails about using the day trading strategies on swing trade charts. We also cover that in today's episode of Stock for Breakfast.
If you have any questions or feedback, feel free to leave a comment below the video.
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Have a great day.