Morning Market Briefing – Trust The Process

Home/Blog/Morning Market Briefing/Morning Market Briefing – Trust The Process

Morning Market Briefing – Trust The Process

Morning Market Briefing

Morning Market Briefing – Trust The Process

March 1, 2020

Have you seen our live shows? Join us for “The Trend” each market morning at 9:00AM EST, and “Beyond the Bell” at the close. See what’s trending in the markets and find out what our traders are watching each day! Check them out on the “Insights” tab.

When the going gets tough, the tough trust their process.

Having a process for getting into and out of trades is vital. A series of steps that are followed no matter the market conditions. Steps that take into account your asset class(es) of choice, personal risk tolerance, favorite chart patterns, timeframe, etc. Last week tested most swing trader’s process. When you feel a little unsure, you have to ask yourself if you’re trading for the sake of trading or because you see a setup that fits your style and process. As the new week opens we need to be sure we’re trusting our process. If we’re not, it means we haven’t put in the time and effort to have the confidence we need to trade (or not trade) when the market conditions are as erratic as they were last week.

Friday’s action took us right into support where the 50 SMA and 380 price level meet.

Holding the 310 price level so far. Needs to retake 21EMA for next move up.

Watch List

Symbol Why We’re Watching
AAPL Possible long above 125, possible short below 120.
AMD If it gets above the 8 EMA could get a quick leg up.
QCOM Could make a quick move to 150 if it gets above 140.
HD Break of 260 or 255 could signal next move.
MSFT Watch 50 SMA for base and bounce or breakdown.

YouCanTrade Scanner Ideas

Symbol Idea Direction
BABA Short
C Long
CLX Short
UPS Short
ZM Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

My Favorite Day Trading Strategy

Day Trading, Intraday Trading, Scalping, etc. These are all names for a style of trading you are in and out of a position on the same day. Many people start trading with the specific goal of becoming a day trader and some swear they’ll never try it.
Join Matt Hensley as he walks through one of his favorite day trading setups, how he got into day trading and what you should consider if you’re thinking about going down the same path.
You will learn:

  • Why day trading is risky
  • The importance of paper trading to practice without risking real money
  • One of Matt’s favorite rules-based setups
  • The myth of the “60 Minute Workday”
Matt Hensley
Register Now
See all Events
YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations. Click here to read important disclosure, disclaimer and assumption of risk information. Active trading generally, and options, futures and digital assets trading in particular, may not be suitable for all investors. Past performance, whether actual or simulated, does not guarantee or predict future results.
TradeStation Securities, Inc. provides support and training channels hosted on its affiliate YouCanTrade. Any other services offered/hosted by YouCanTrade are not sponsored, endorsed, sold, or promoted by TradeStation Securities and it makes no representation regarding any YouCanTrade goods or services.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
CME GROUP or CME GROUP GLOBE are trademarks of Chicago Mercantile Exchange Inc. and have been licensed by YouCanTrade for use in connection with the FAST channel and the Spring Summit. Any services offered by YouCanTrade are not sponsored, endorsed, sold or promoted by Chicago Mercantile Exchange Inc. or its Affiliates and none of them makes any representation regarding any such goods or services.
Go to Top