Nope, you’re not dreaming. It’s time for another Wall St. Jesus trade review. By taking trades executed by the legend himself during the course of a trading session, we’ll be able to illustrate with even better precision how we leverage all this Flow stuff to pull off trades of all kinds.
Let’s get right to it.
In his own words (you can tell by the caps lock): “DAYS LIKE TODAY ARE HARDLY EVER MY BEST DAYS DAYTRADING. I’M NOT COMFORTABLE CHASING GREEN AT ALL, SO I TRY TO REMAIN EXTREMELY SELECTIVE BY PLAYING OFF OF ONLY THE MOST AGGRESSIVE BUYING THAT MAY COME IN NAMES NOT ALREADY UP SIGNIFICANTLY ON THE DAY. I ALSO TRY TO STAY LIGHTER IN SIZE.”
“TODAY, AMD FIT THAT MOLD. THE STOCK HAS BEEN IN SOME CONSOLIDATION RECENTLY, & EARLY THIS MORNING CALL SWEEPERS GOT HOT IN SEVERAL STRIKES.”
Here’s the action that got Jesus all hot and bothered on a day he might not otherwise touch ANYTHING:
“AT THE TIME OF THE INITIAL ACTIVITY, THE STOCK WASN’T UP MUCH & I FELT THE ACTIVITY WAS WORTH A SPIN ON THE EQUITY. I ROLLED THE DICE ON 5,000 shares @ $12.30. SOMETIMES I DECIDE TO RIDE AN ATR STOP LOSS AS A GUIDE FOR WHEN TO LOCK IN PROFITS, BUT I WAS CONCERNED ABOUT A MARKET FADE TODAY, SO I SOLD INTO THE PUSH HIGHER & LOCKED IN MY + .28 CENTS”
WSJ is a simple man, an old fashioned broker from back in the day. He’s smart enough to have based his current career around options flow, but he knows how to trade equity like the legends of old. Count your blessings that his analysis lends itself so well to options trading for us degenerates who can’t just throw a 5,000 share bet on a stock…
Note that that initial bet wasn’t some kind of monster buy. It was small, simple, but frighteningly aggressive. The further activity confirmed his bullishness, but never forget that what got Wall St. Jesus in the trade was that sharp sweeper action. From then until EOD, momo kept pushing AMD.
All this takes is some aggressive action, the guts to take the trade, and a little risk management! Don’t over-complicate things – Join the Steamroom today to learn firsthand from the master.
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