Nathan Bear, Lead Technical Tactician, Monument Traders Alliance When it comes to using my TPS trading system, I pay special attention to squeezes. I know there could be a big move in the works if I see a fresh daily squeeze on the S&P 500 index. But it's important I pick the right stock - one that won't be too affected by earnings reports from big tech companies. And I just found one with a great setup. Click the image below to see it. YOUR ACTION PLAN GameStop (GME) is in a very bearish pattern here, and I want to get short. I'd like to buy the November 4 $25 puts on a rally in GME to between $25.50 and $26.00. If that happens, I'll use a stop on a close over $27.50 and my target on the downside will be $20 to $21. The reason I'm going with GME, other than the fact that it's showing a perfect bearish setup for my system, is that we have a lot of huge tech earnings announcements this week. I don't want to be exposed to highly market-sensitive stocks and then get caught up in the potential volatility that could be coming. I believe GME is a textbook bearish setup that isn't overly sensitive to the broader markets, and that's why I chose it to trade this week. P.S. I was able to quit my nine-to-five job and spend more time with my family by making trades using this TPS system. However, I never would've gotten there if I hadn't connected with like-minded people. That's what you get to do when you join The War Room. It's a community full of traders led by two experts in Bryan and Karim. Just yesterday, they closed seven trades and won on all seven for a 100% win rate. (In this market!) And right now they're guaranteeing you'll receive 252 winning trades in your first 12 months of membership. Click here to join The War Room. |
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