Greetings from New York where I’m having a number of meetings but sadly not enough leisure time for my liking in such a wonderful city!
With the markets creeping back up to their highs, there are several decent OVI and flag opportunities out there (plus some real gems!) but in today’s review I must emphasize good trade management practices.
The OVI gives us a proven advantage for movements to our first profit target and beyond. It’s crucial that you maintain your “shape” in my trading plan because there will be times where a stock retraces sharply against us.
This has been a market where many P1s have not turned into P2s, so it’s crucial that the P1 that you set is conservative.
Securing that first profit target is a magical part of our trading plan, and you must not be despondent if that’s all you get from a trade.
Today’s review includes setups that we’ve been monitoring recently, plus my favourite FlagTrader filters. You’ll notice many stocks that have recently risen through their 200 day moving averages and forming post-earnings flags with persistently positive OVIs.
You can literally create an entire trading business from that setup!
PS. If you’re interested in any of my OVI trading services for stocks or options such as a fast-track mentorship or workshop event, book yourself an appointment here to speak with one of my trusted team. Many of my members aren’t aware of all the services I offer to help you become an established consistent winner with the OVI. Remember, everyone is an individual, and I ensure that I can cater to you and your particular needs.