It Is a Bull Market – More Outstanding Opportunities – Triple Digits

The Entry Points

With the stock market hitting more record highs, the clowns are spending all of their time trying to come up with another excuse why the stock market will “crash” – and making no money, except if someone pays them for their “work”. Years ago I said there is zero % chance of a crash, there is no bubble, and my belief has not changed. In the meantime, I’m continuing to make money. Why? Because the trend is up, and focusing on strong stocks, on reactions, in an uptrend, is an outstanding “system” – on any time-frame. And being aware of pure speculative daytrades, which need to be sold fairly quickly, and more quality situations which can be “held”. Of course there is a lot of wiggle room in there, and room for mistakes, and once again I sold way too early. The stock of the day today, no not a shipper, it is KBSF. I traded it today 8.46-10.04. ONCS traded twice 1.99-2.10 and 1.88-? Also discussed CEI. My position trades like HALO, DVAX are up not because of brilliance, but because – “IT IS A BULL MARKET“.

 

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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.

3 Comments

  1. hey Scott.
    Regarding 10:40 from the video. Is it possible that you can demonstrate a few example of the setup described?

    Some reason I was no able to find the chart on BDI. By chance do you have the link for the BDI chart on this blog?

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