https://profit.ly/content/premium/23137

 

Based on Mark Croock Webinar posted 12/31/2022  45:00" + Ellis Hobbs Recipe + various other webinars and coursework within the Challenge

 

There are only a few PREDICTABLE PATTERNS. They must meet the following CRITERIA

- CHART: ideally FORMER RUNNER/MULTIDAY RUNNER

- VOLUME: trading abnormal volume, indicating DEMAND/traders interested in buying/selling

- CATALYST: something that gets traders excited about a stock - not all are created equal

     eg earnings, contract, billionaire investment, new product, FDA, technical breakout

 

These PREDICTABLE PATTERNS are

 

1) LONG - Buying MULTIDAY/WEEK/MONTH BREAKOUT on HUGE VOLUME with CATALYST

    - buying on day one or waiting for consolidation and buying on later day   

    - the longer the time frame, the more powerful the breakout

 

2) LONG - #5 DIP BUYING a RECENT HOT PUMP/RUNNER into a SIZEABLE CRASH

      - #5 PANIC DIP BUY

             - intraday on the FRD (first red day) when stock goes g/r for the first time

             - ideally NEAR THE MARKET OPEN

            -  after a 30-40-50% DROP

            - QUICK PANIC rather than a slow trickle down

       - #5 FGD (FIRST GREEN DAY)

             - on the daily chart, stock had several red days after several green days, creating range to

               bounce into

            - now stock has FGD - goes r/g for the first time, creating MOMENTUM SHIFT

 

3) SHORT - #4 SHORT FRD on supernova

            - shorting the FRD (first red day)

            - momentum change as stock goes g/r for the first time after a big move up

 

4) SHORT - #6 BOUNCE SHORT

           - shorting the #5 FGD bounce

 

 

Always look for the RECIPE (Ellis Hobbs)

- Is the stock volatile now and had previous history of volatility - in a short period of time (1-5 days of 50-100%+ gains) - MULTIDAY RUNNER

- Are there traders buying and selling the stock abnormally of what it usually trades - VOLUME

- Where is the closest area I can buy the stock without it falling quickly and losing a lot of money. Does it have room to go up from where it is currently trading - SUPPORT

- Where do I need to sell the stock before it starts to go back down again - RESISTANCE

 

FOCUS ON

- CONFLUENCE: the more factors line up, the more CONVICTION you can have in your trade and the greater the ODDS OF SUCCESS

- KEY AREAS of support and resistance - near WHOLE/HALF DOLLARS

- ideal TIME OF DAY - 9:45AM/2 hours at the open - POWER HOUR/two hours into the close

- have a THESIS and TRADE PLAN for every trade, BEFORE you enter the trade

- get a good ENTRY (near support) is more important than the exit/goal

- CUT LOSSES QUICKLY

- PROCESS over PROFITS

- building up KNOWLEDGE ACCOUNT first - PUT IN THE WORK

- COMPARE IS DESPAIR - cut out the noise and RUN THE RACE AT YOUR OWN PACE