norok

norok Wizard Updated 

I drew this up for a user who asked more detail about the IPO playing strategy I have discussed before. It's important to look at the worst case scenarios (rather than the best case) when evaluating ways of trading. The guidelines are simple to base a trading strategy around: Wait for the high of IPO week Wait for the break Take a pullback to that level ...

03:40

norok Wizard

In this video I look at the spread between the price of Bitcoin on Paypal and BITFINEX:BTCUSD on other exchanges. Is there an opportunity for profit in that difference? What you'll find by the end of this video is the true meaning of "mass adoption" in cryptocurrency...

06:53

norok Wizard

A friend asked a very good trading idea question: Can we profit from additions and subtractions to stock indexes? The addition of NASDAQ:TSLA was a very public event this year and definitely led to a bull run in that stock. What about other stocks that were added and removed this year?

08:49

norok Wizard

A Tradingview user sent me a request for an analysis of NYSE:BB . The reason I make my videos is to help new traders and his question had a lot of great talking points to address. Hope this helps everyone and not just those invested in this particular stock!

norok Wizard

Some major volatility just came into BITFINEX:XRPUSD . A "whale" or big sales spiked the market down and probably triggered some stops. This defines the price action and could be a launchpoint for the weekend.

03:52

norok Wizard Updated 

After earnings NASDAQ:SRPT tanked HARD to what was a prior support at 126.53 where I had entered back in September. I watched this closely with a residual positions to see if it would hold it or break the level. I wanted to have some skin in the game for SRPT to retest the highs for the long term. So far today it looks to be holding that level as it has...

05:52

norok Wizard

No. You'll see it. There is no need to start loading up on AMEX:SPY Puts every time the market has a down day. The market will reveal itself with price action if your are patient and contrarian. There will be opportunity to profit from a real bear market move with lower risk and higher probability than trying to catch the top. Corrections and crashes only...

norok Wizard Updated 

Stories aside about a vaccine and return to normal I like the price action of NYSE:RCL . What the price has done is brush up against the 50% retracement level several times this year and finally has broken above it for a week and come back this morning to spike out and confirm it now as support. This presents a great LOW RISK trade because you know where your...

norok Wizard Updated 

NASDAQ:CRSR is flirting with the Danger Zone

04:23

norok Wizard Updated 

There are plenty of opportunities to benefit from your "SUPER BULLISH" case on whatever the stock is... but day one being it has a horrible track record. IPOs are not done to make YOU wealthy!!! Including today's NASDAQ:ABNB My video is not all FUD. I show a simple way to play them with a better chance...

05:47

norok Wizard

My last video got a lot of traction where I was critical of people that buy IPOs on the day of offering. There is a better way! When you see it and how simple it is... you will laugh! Even if you believe in the company, have done your DD, and are ready to make your investment based on fundamentals this method will help you avoid drawdowns and increase your...

norok Wizard

Price action on NASDAQ:QQQ this week has established a range following the potential false breakout of the past All Time High. This morning's dip touched a level that was the 50% retracement of the prior weeks' move that was also Resistance turned Support. Breaking above 304 or below 298 is going may define the move going into the end of the year.

norok Wizard Updated 

This is the marked up idea for my Short trade today detailed in my video idea.

09:10

norok Wizard

Today was an interesting day in the market. What could it mean for the rest of the year... Just last night I pulled up some logs from the year 2 B.C. (Before Corona) because I remember a very important moment in my trading journey that began in early December 2018. The market action that month and the January following was a very formative experience for me in...

norok Wizard Updated 

just last night I was pouring over some old trades and was reminded of what happened this time of year in the year 2 BC (before Corona). The market got a little weak in Q4 of 2018... weak enough I was loaded up on Puts fortunately. AMEX:SPY had a massive EOY selloff followed by a V shaped recovery. The latter event is why I constantly pushed back against...

norok Wizard

NASDAQ:TSLA demonstrated both my Primary Spike and Secondary Spike signals that I study and love to trade in just the last two weeks. Definitely worth a study of this volatility phenomenon.

03:12

norok Wizard

While I do not think that bullish case on NASDAQ:CRSR is over I did see an opportunity for a swing trade on the lower timeframes this morning.

04:51

norok Wizard

Some price action this week got me very interested in stocks that were all the rage through the pandemic trading in 2020. NYSE:RCL is a trade I posted about yesterday that was up 4% on the day today. I like this price action to go more. NYSE:DAL is another stock in recovery that a friend had me look at and it has almost identical price action. He also took...