TRADING TIPS

Why Did This Miss So Badly?

Hubert Senters here. Got a question from a viewer and it’s from Chuck. Chuck’s right. Brutal day from Micron Technology which is MU which is the video I did yesterday. And then he says how did this miss so badly? Thanks, Chuck. Chuck, I don’t know if you’re saying how to this miss so badly or how I miss this so badly. Heads up, I miss stuff all the times. Getting my wife a call and she’ll tell you I’m wrong and at least half of anything that comes on my mouth. Amother thing is Nasdaq just rolled over and overall it’s still looks like a good long because it’s above the cloud on the daily. The smaller timeframes obviously. You’re going to have a little bit of pullback here. So if you look at the 60 it’s still actually above the 60 but the 10 minute fired off a sell signal and the reason it did that is because and you could give all kinds of different reasons. But really the reason was is because notice where this thing trades at. It trades on the Nasdaq. So go check look at the Nasdaq at NQ. Nasdaq rolled over. It’s going to go lower. That’s just part of trading that’s why we have stop since why we have also a long list and a short list. That way if you don’t get the equity side right. But if you have a list of long things to pull from and list of short things to pull from you’ll be in a better situation. So the reality of situation is its trading. You get stopped out on all kinds of stuff. It’s just part of it. I wish it wasn’t but it is part of the business and you can kind of just use to it. Now, I’m saying this as a little bit of a joke but it’s got a little bit of reality in it too. Trading’s a hard thing to do. It’s not easy to do. A lot of people will tell you it’s easy and that you can train anybody to do it. I don’t know if that’s the fact like if trading was easy which is basically speculating then I wouldn’t call it trading. They call it guarantee cash flow generation with zero risk. That’s not the definition of it. But the reason it didn’t work out is because the Nasdaq rolled over and it’s the theory of all tides rise or all ships rise with the tide and they drop with the tide. So in other words, if the Nasdaq gets smoke to the down side nothing in the Nasdaq is going to perform really well. There’ll be a few things that do But for the most part if you’re a Nasdaq component and Nasdaq rolls over 388 points you’ll probably go a little bit lower too. Hopefully that answers your question. Troy Noonan is going to be doing a special webinar Thursday, March 18th at 7PM EST on How to Potentially Maximize Your Profits in Minimum Time! I’m going to HYPERLINK you to the registration page. If you go to the webinar let me know what you think about it please. Good luck. Hope it helps. See you on the next video. Hubert.  

2 Comments

  1. David

    Hello Hubert,

    Excellent explanation! I am developer/programmer as I conjure up AI strategies for funds and large trading organizations. Saw the NQ roll over today. That was nasty! One of the indicators that we are crossing over to AI caught this. Excited how this will work out after testing on the AI platforms.

    Reply
  2. Rob Sharp

    Hubert,
    Could you take a look at Palantir Technologies (PLTR)?

    Looks like a company with alot of promise, but I can’t figure it out technically.

    Thanks for all your insights.

    Rob

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts