Today we will look at the breakdown of the $QCOM and TT Blackbox from the swing trade alerts the TT Blackbox produced on 4/1/2020. We will look at the Time the swing trade alerted and the entry/exit strategy. For Swing Trades the algorithms are designed to look for 2 days to a week setups.
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Transparent Traders created the first-ever solution that specifically alerts for swing trades. It will also alert for bullish & bearish day trades. Our Blackbox runs off of multiple algorithms and uses predictive A.I. to locate the most accurate day or swing trades that it calculates to give the best chance for success. Couple this with proper Due Diligence and our users are given the edge needed to be more successful in the trading world.
The TT Blackbox Alert & the Trade
Based on the pictures below you can see the TT Blackbox alerted $QCOM as a Bullish Swing Trade on 4/1/2020 at 1600. The initial TT Blackbox alert is circled in PINK on the chart below. I never could get filled in After-Hours trading. I set a limit order for $66.15 and got filled at the market open. The RED circles represent where I scaled into the Bullish trade 2 times today (Thursday), per my scale in strategy. The BLUE circle represents where I closed (EXITED) my position this afternoon. The Bullish Swing Trade alert from the TT Blackbox allowed me to capitalize on a 1.5 point bounce in price, after my 2 entries based on the Scale in Strategy.
For all of you wanting to know how I decide to enter and exit my trades, I have listed those key points below:
- I have created a watchlist of the tickers I like to trade the most. Download my watchlist right “HERE”
- I review that watchlist against the alerts from the TT Blackbox each 5-minute interval.
- I focus on the $VIX. This measures volatility in the market. If volatility is moving up, the market is moving down, and vise versa. This simply means I start here and does not mean I will not trade against the market. However, I do not recommend that for the novice trader.
- Once I know the direction of the market, I start to focus on the tickers moving in that direction.
- Once these tickers alert on the TT Blackbox, I typically wait till the closure of the next 5-minute candle and I enter.
- I then immediately set a limit sell order for 5%. Keep in mind I am trading shares in the price range of $30-$400 tickers so 5% is big money.
- I exit my trades based on two points. One, being the TT Blackbox stops alerting or alerts in the opposite direction, and two being my 5% target has been met.
Here is a screenshot of the tickers I watch daily:
Day trading is more suitable for investors who are not novice traders, have significant experience trading for several years and have the proper mentality to sustain intense stress levels due to the daily volatility in the financial markets.
Swing trading is a more balanced way of trading, as it does not require constant monitoring of financial markets, and at the same time, it offers the potential for risk-adjusted trades with potential profitability. It’s not easy to claim that one trading activity is better than the other one. Each type of trading has its pros and cons.
The main factor to consider is how much time and effort you’re willing to commit to monitoring the stock market.