As mentioned last week, we’re still somewhat in “No Man’s Land”, which broadly means be patient.
There are still a few decent setups in this week’s batch, but largely the emphasis in the recording is on learning how to recognize what is NOT “Triple A” caliber.
While trading is something of a game, it is a game that you must want to win, and winning comes with religiously executing a winning formula time after time after time.
Our winning formula requires unambiguous evidence of “Big Money” footprints in the form of unusually large volume together with a large recent move in your desired direction, the penetration and hold of a key level, and a persistent corroborating OVI.
So, stay patient and the setups and optimal market conditions will come around again soon enough … they always do. But it’s essential to keep on top of things with regular check-ins, even if they’re only for a few minutes just to see how your watchlists and favourite stocks are performing.