[Solved] Show us your Stocks & Trades

I woke up to a bang, and what a beautiful shot that was.

Here's a cheat sheet for the aspiring traders.  Learn them well because your financial success depends on recognizing and understanding them.  Next time, I want to talk a little bit about  Fibonacci retracements because it's pretty much what professional traders, hedge funds and institutional investors are using.  In trading and investing, it's important to learn how to play the game with the big boys, never against them.

I'm a trader and an investor.  However, I will flip my position to lock in profits even with stocks I'm intended to hold long.  Obviously, I can collect more shares with flipping.  Do that a few times and I withdraw my initial investment and leaving only "house money" or free shares I've gained.

There's no set number of wiggles between the flag before the stock takes off that I'm aware of.  Some stocks spike after it's been trading around 75% through the flag, some run when it's near the apex of the flag.  I've never seen a stock runs wild midway through the flag.  Usually there is some sort of catalyst that helps propel the stock price higher, so timeframe wise depends on the company's fundamentals, and it's not rare for the flag to be re-drawn and extended before liftoff occurs.

With the bullish pennant, the height of the flag pole gives a rough estimate to how far it reaches, minimum.  But of course there are other indicators that traders should be aware of.  Fibonacci retracements is a great tool to gauge price target and exit point as well as re-enter point.  I'll talk more about fibonacci retracements next time.

Here's a bullish pennant.  You can see the height of the flag pole being applied so traders can expect where to exit.

Another example of a bull flag pattern.  This is my favorite pattern and I've made a killing with this pattern over the past year.  It isn't rare for the stock to cool down after a huge spike.  This is known as a healthy pullback.  I sold after seeing indicators that it would drop and anticipating a bounce back up again.

And sure enough, it drops and that's where I bought back in.  Then it forms an inverse head & shoulders pattern, the first pattern that Gaden taught me.  Ideally, I like to buy at the bottom, but that doesn't garauntee it won't go lower unless you know, from indicators, that it would bounce back.  For novice traders, it's safer to buy when the price moves above the neck line, right Gaden?