Thursday, August 1, 2024

Two A+ Squeezes? Check out This Chart...

Trade of the Day Wake-Up Watchlist

"Right now Blackstone has A+ squeezes on the 130-minute and 60-minute chart."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

Yesterday a Daily Profits Live member (who went by the name of "Sharky"), asked me why I didn't make a trade on the QQQ that I had mentioned earlier.

I thought this was a good question. It was also a good time to share a lesson I've learned throughout my time trading.

And that lesson is…

It's vital to preserve mental capital.

After Sharky's question, I paused for a moment and asked myself…

"Why didn't I make a trade on the QQQ?" The truth was I didn't have a specific answer. It was probably because I had thousands of people watching me in the chat and was focusing on them. Who knows.

But when it comes to trading, managing my emotions is still my top priority. For example, if I get caught up obsessing about one trade – it could have a snowball effect where I lose focus for the next trade. And so and so on.

So one thing I tell Daily Profits Live members is not to worry about making EVERY TRADE.

Instead, focus on finding a process for consistent winning trades. This way you can go to bed a little more confident (and potentially richer) every single day.

For example, I trade my best when I have 3-5 swing trades open and 1-2 speculative lotto trades going on. That's my sweet spot.

But that's not the case for every trader. Some traders prefer having 10-20 trades open at a time. Some only make 1-2 trades a day or 1-2 trades a week. That's why it's crucial to find out what works for you.

The truth is there's always another trade, and this morning I'm going to show one of those trades on my watchlist.

The ticker I'm looking at today is Blackstone (BX).

 

I absolutely love this chart.

U.S. Government Report Alert Tuesday, August 6

Repost and Gains
 

Every Time the Government Releases Jobs, Inflation, GDP and Other Economic Reports...

Use he JOLTS Loophole to Target Up to 253%... 327%... Even 383% Overnight Profits!

Discover the Secret Loophole

As you'll see above, Blackstone currently has a lot of squeezes (you'll see those circled in red on the bottom right corner). It also has two A+ squeezes according to my S.A.M. scanner, one on the 130-minute and one on the 60-minute chart.

It also recently announced earnings on July 18, where it posted a 7% increase in total assets and declared a quarterly dividend of 82 cents apiece. So it's coming off momentum from earnings.

Action Plan: BX is currently consolidating just under the all-time high, and yesterday I got positioned on one contract in Daily Profits Live. I'll be looking to add more contracts going forward.

Click here to see how I'm trading it in Daily Profits Live today.

Write This Down: Tuesday, August 6 at 2 pm!

Gains
 

Every Time The Government Releases Jobs, Inflation, GDP, and Other Economic Reports...

Use The JOLTS Loophole for a Chance to Collect HUGE Overnight Profits!

(Target up to 253%... 327%... Even 383% gains... OVERNIGHT!)

Don't Miss Our LIVE Trade

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