The TT Bottom Tick Bullish Day Trade on $DIS

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What was the DIS trade?

There is risk to this trade, I’m going for a bottom tick in $DIS. $DIS Bullish DAY TRADE ONLY! I’m entering right now and will scale in if needed for the Oct 30th $119 Call contracts.

Who is DIS?

Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world.

Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios.

Disney recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one.

The media networks group contains the U.S. cable channels and ABC. The studio segment holds movie production assets.

You can see the following on the chart below:

  1. You can see via the green line we entered the bottom at $118.68.
  2. We exited the trade at the top at $120.04.
  3. As noted in the alert this was a day trade.
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If your interested in reading more article about what Transparent Traders has to offer to check out these below:

  1. How does the Transparent Traders Platform+ Work —> Read More Here
  2. TT Tradingview Breakout Script for Day Trades and Swing Trades —> Read More Here
  3. How to find a target price for stocks —> Read More Here
  4. The Key Stock Market Terms Every Trader Should Know / Understand – Read More Here

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:

This list is a starting point for those that, might think I only look at these…

 

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