David_SpotTheTrend

David_SpotTheTrend Dec 7, 2024

When we look at our trading results, it’s easy to focus on one number: how much money we made or lost 💰. But that alone doesn’t tell us the full story. By breaking things down into a few basic metrics, we can see what’s really going on and figure out where we need to improve. Start by looking at how many trades you won versus how many you lost. That’s your ...

David_SpotTheTrend Nov 29, 2024

Willis Towers Watson NASDAQ:WTW is breaking out of a classic flag pattern, reclaiming key resistance with strong volume. The price action suggests solid momentum, and the breakout above 321$ could pave the way for further upside. The high-volume also support this move and shows strong buyer interest, making it a setup interesting. As long as the price holds...

David_SpotTheTrend Nov 24, 2024

NYSE:CMG Chipotle Mexican Grill, looks like a solid breakout above ~$60 with good volume. MAs lining up nicely too, I wouldn’t be surprised to see it test $65 if it holds this level. looking for a pullback to the breakout level for a potential entry.

David_SpotTheTrend Updated  Nov 14, 2024

NYSE:DELL is in a clear recovery phase after a substantial drop. Following the recent uptrend, it’s now approaching a significant resistance level near $135. This resistance level represents a prior high from June, a point where price previously struggled to hold. Volume has increased slightly on this approach, suggesting that buyers are gaining confidence....

David_SpotTheTrend Updated  Nov 1, 2024

NYSE:GRMN is setting up nicely after a pullback with heavy volume, the price action can be seen as a confirmation for an up trend. The pullback happened after an analyst downgrade, but looking into the company financial health and future perspective, it rebounded quickly! This can be a good opportunity for a long position.

David_SpotTheTrend Oct 26, 2024

Stop losses are a critical tool for any trader aiming to manage risk and protect capital. A stop loss is a preset level at which a trade will automatically close to prevent further losses if the price moves against you. This approach is one of the most effective ways to protect your account, and understanding how to set and use stop losses correctly can help...

David_SpotTheTrend Oct 14, 2024

The recent price action of COINBASE:BTCUSD shows a clear battle between buyers and sellers near a critical resistance level around 66,000. The price has struggled to break above this level, leading to a period of consolidation. However, the price has stayed within a tight range, reflecting indecision in the market. Although there has been some selling pressure,...

David_SpotTheTrend Oct 10, 2024

NASDAQ:ASML a leading chipmaker is showing an interesting pattern! In the short term, momentum appears bullish as the price has crossed the 20 SMA and is approaching the 50 SMA, with analysts expecting positive earnings. However, on the daily and weekly charts, a bearish flag pattern is forming, which suggests a potential downtrend. If the price breaks above the...

David_SpotTheTrend Oct 8, 2024

FOMO, or the Fear of Missing Out, is a feeling many traders know well. It’s that worry that you’re missing a big opportunity while others are making money. While it’s natural to want to jump in, FOMO can lead to bad decisions that erase months of hard work (unfortunately, this is from a personal experience). In this article, we’ll explain why FOMO is dangerous,...

David_SpotTheTrend Sep 26, 2024

NYSE:RTX is currently in an uptrend, as evidenced by its strong upward movement, followed by a period of consolidation. This phase is crucial as it allows the stock to gather strength and form a stable base before potentially continuing its upward trajectory. The RSI indicates that the stock is approaching a neutral range, which suggests it is neither...