The pursuit of excellence in trading10.20.20 The pursuit of excellence in trading. Ray Dalio article.
WFC.B trade ideas
Wells FargoOctober 20, 2020 premarket analysis of Wells Fargo looking for a long trade. I didn't start out with the intention of spending a lot of time on Wells Fargo. It turned out to be a sequence of days following the price action and overall behavior of a narrow range market using the tools and observations that I would normally use.
I'm not sure if I'm going to follow this through much longer; each day I'll make a decision about posting. My style of framing and analyzing the market takes time and it takes effort. No doubt it will take more effort than many people are willing to make... but this is what's required for me and what gives me a comfort level that I require in order to take a trade. Even though I can analyze the market much more quickly than the duration of the video, it still takes time and energy... And if I do this on limited trading opportunity because the market has limited profit potential... I run the risk of spending a lot of time and minimizing my profit potential because I'm tied up in a market that I'm developing a comfort level because of my familiarity with that market... Yet it's not where the bigger profits lie. One way this can happen to you is that you can decide you're going to be an S&P trader for example, and when you do this your vulnerability is that you will not accommodate those times when the market becomes less tradable or presents more vulnerability with less opportunity potential... But you're so comfortable with that market, and also much less familiar with alternative markets... And you can lose a lot of money and waste a lot of time because of the need for familiarity.On the other hand, speaking from a personal point of view, I have decided not to trade a lot of different markets... It just doesn't work for me and I don't want to do that. It's a function of my personality and the time of life... And that supersedes all other decisions. Choosing two or three markets, maybe four markets, and trading one market at a time, and possibly a second market at the same time... It's about all that I'm going to do. Exceptions would be the miners... Getting long in March... And if I had taken a trade I would just hold the position. In that case I don't have to constantly work that market and this would leave me time to take on another market simultaneously.
WFC10.15.20 Today's update on Wells Fargo. If I wanted to be a buyer...what would I look for. How I would look at the market from a price action...and a structural perspective. How I would view this from the hypothetical viewpoint of the "smart" money vs the "fast" money....as well as wash/rinse cycles and running stops.
Wells Fargo Stock AnalysisPrices are moving inside a channel, the idea is to hold before going long. Just wait that the prices will get closer to the bottom flat resistance line before going long.
Wells Fargo — Wells Fargo shares dropped 5% after the banking giant reported a weaker-than-expected profit for the third quarter. The company said its earnings per share came in at 42 cents and analysts polled by Refinitiv had forecast a profit of 45 cents per share. Wells Fargo’s net interest income fell by 19% to $9.368 billion from the year-earlier period
WFC Follow up10.14.20 This is the second follow up on Wells Fargo. It would probably be useful to follow the three videos on this stock...and draw some of these lines ( they don't have to be perfect, but they MUST include breakout buyers and sellers ).
WFC10.3.20 A look at Wells Fargo. Thanks PlanTradePlanMM for your chart. Correction: the 1.272 extensions would be reversal levels to go long...and I misstated it at one point...sorry about that. It is tough trading to trade contracted markets. The previous video was about expanding markets: much better R:R if you have an awareness of the market dynamics. Also: think as a buyer AND a seller be for taking the trade: you may talk yourself into the better trade.
WFC Long, sideways bottomIdentify Price action:
1. Sideways; Find: Support and Resistance
2. Sudden Reversal; Find demand and supply Zone.
Entry 24
Stop 22
Target 26; reward:risk=1:1
Target 30; reward:risk=3:1
Target 33; reward:risk=4:1
Current price is at bottom of sideway range.
Estimate: not going down below demand.
Strategy: Sell Put
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Bullish Divergence, Strong fundamentals, IV = $90+For Investors, It is a very good stock in finance. this company is financially strong.
I did company analyis, scams, frauds, fines and etc. even after all it has strong GI, NI, ROE,ROA.
Do your own research before investing.
WFC (WELLS FARGO & COMPANY) LONG SET UPTITLE/(DATE)- WFC Wells Fargo (9/23)
ASSET- STOCK
ORDER TYPE- market first/BUY LIMIT
Time Frame-1Week
ENTRY PRICE 1- $23.40 market ✅
ENTRY 2- $20.40 (pending)
STOP LOSS- $18.40 (50 PIPS)
TAKE PROFIT 1-$28.40 (50 PIPS)
TAKE PROFIT 2- $33.40 (100 PIPS)
TAKE PROFIT 3- $38.40 (150 PIPS)
STATUS: 🏃🏽♂️ACTIVE 🏃🏽♂️
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.
WFC - Long to Weekly Pivot $25.15NYSE:WFC
Just an idea:
If WFC can hold the line (I mean Demand zone), It can rise to $25.15 (Weekly Pivot)
Entry now $23.50
Take profit $25.15
Stop loss or hold long is up to you.
Disclaimer!
WELLS FARGO Tarde SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Wells holding on The multi-decade line still holding.
But, as always, please do your own due diligence/research.
Wells FargoLooking at candles only.
A & B combo are signs of potential bottoming. I'd like to use the recent doji low C ~23.52 as a stop for long.
DAILY ANALYSIS OF WELLS FARGO & COMPANYHi friends
the daily chart of this market shows that it will experience a downward trend in the coming days with a very high probability but also it is better to be vigilant of the change of the direction of this market towards the opposite direction
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$WFC Wells Fargo Rotation Trade
If rotation can continue today, there is a possible opportunity in WFC for a long trade.
Upside targets=
-$25.15 - mid channel
-$25.70 - Horizontal resistance
-$26.50 - Top of channel.
Indicators also in reversal
