Anatomy of Another Spring Setup

December 14, 2017-4:15 pm traderscott What We're Trading 0

Another spring trade for me today. CANN was talked about this morning in premarket comments, and the chart was clearly laid out for all of our subscribers. Anyone who focuses on spring trade setups would look at the support areas drawn in and would be watching for the potential. It was another winning trade. I’m laying out the potential trade setups in premarkets, my partner and I trade many of them ourselves. She had an awesome 40%+ trade in AMPE today, also mentioned in pm comments. It was a gap up winner for her. Those trades are very tough for me, but she does well with them. We’re doing what we can.

The first chart for CANN is from the pm comments, and the second chart is the outcome. Get the entry point down well and (hopefully) take some profits. The anatomy/process of the setup is explained below in the video. Also discussed is ABBV, GWPH, MSRT, DRNG (yesterday’s video), SQ, RIOT, MGTI, XNET, DPW.

 

 

 

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About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

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