Today I will be Breaking Down TT Blackbox Swing & Day Trades $FIVE $DNKN $FLT $MANH.
What is a Swing Trade?
Typically, swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple of months. This is a general time frame, as some trades may last longer than a couple of months, yet the trader may still consider them swing trades. Swing trades can also occur during a trading session, though this is a fairly rare outcome that is brought about by extremely volatile conditions.
What is day trading?
Day trading is the practice of buying and selling stocks in a short timeframe, typically a day. The goal is to earn a tiny profit on each trade and then compound those gains over time.
With the rise of online stock brokers and cheap trades, day trading became a viable (albeit very risky) way for retail investors to turn a few days’ worth of quick wins into a substantial bankroll.
Successful day traders treat it like a full-time job, not merely hasty trading done between business meetings or at lunch.
In practice, however, retail investors have a hard time making money through day trading. A 2010 study by Brad Barber at the University of California, Davis, suggests that just 1% of day traders consistently earn money. The study examined trades over a 14-year period, from 1992 to 2006.
The very small number who do make money consistently devote their days to the practice, and it becomes a full-time job, not merely hasty trading is done between business meetings or at lunch.
The TT Blackbox Alert & the Trade
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.
Five Below is a value-oriented retailer that operated 900 stores in the United States as of the end of fiscal 2019. Catering to teen and preteen consumers, stores feature a wide variety of merchandise, the vast majority of which is priced at or below $6. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 50% of fiscal 2019 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 31% of fiscal 2019 sales), and party and snack (including seasonal goods, candy, and beverages; 19% of fiscal 2019 sales). The chain had stores in 36 states as of the end of fiscal 2019, along with four distribution centers (with another slated to open in 2020).
Dunkin’ Brands, through Dunkin’ Donuts (83% of system sales) and Baskin-Robbins (17%), generates revenue through franchise royalties and rent payments, sales of ice cream products to franchisees, and sales at company-owned stores. Based on systemwide sales of $12.2 billion in 2019, Dunkin’ is the second-largest global beverage and snack chain behind Starbucks. There are around 13,100 Dunkin’ Donuts (9,600 U.S. and 3,500 international) and more than 8,200 Baskin-Robbins locations worldwide (2,500 U.S. and 5,600 international).
Fleetcor Technologies Inc is a provider of specialized payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialized payment services. Fleetcor’s systems enable its customers to manage and control their commercial payments and loyalty-card programs. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customized analysis solutions to its clients, offering business productivity tracking capabilities. North America is the largest geographic operating segment.
As you can see on the pictures above the TT Blackbox $FLT alerted as Bullish Swing Trade today 4/07/2020. $FLT Alerted at $211.35 and topped off at $219.12 for 7 point price jump. I decided to close this trade out today because my profit goal for the trade had already been met, and PROFIT is PROFIT.
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.
As you can see on the pictures above the TT Blackbox $MANH alerted as Bullish Swing Trade today 4/07/2020. $MANH Alerted at $51.58 and topped off at $53.89 for 2.2 point price jump. I decided to close this trade out today because my profit goal for the trade had already been met, and PROFIT is PROFIT.
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: