On my last post, I recommended Twitter with a buy of $28. On Twitter, I live-tweeted my purchase and sold today. I held for about a month, but it indeed paid off, with a huge 15%+ move after reporting earnings.
My new favorite, as I have posted about before is Spotify ($SPOT). The good news is due to market conditions it's pulling back. I am unsure where is a good price to buy as with every IPO, it really lacks price history since the stock is so new. I am currently monitoring the stock's behavior and may decide to purchase for a quick/medium term trade in the future. However, it's worth noting they are reporting earnings next week.
For those following me throughout the years, would know I've made the most money in the market trading Twitter ($TWTR). Fortunately, there seems to be a new opportunity. Due to disappointing earnings, Twitter has pulled back. However, prior to this pullback, Twitter had been attempting to break $50. Using my proprietary analysis, I believe Twitter will be a good buy around $28 dollars. However, it may not get that low before it starts bouncing.
I normally don't trade IPOs, but Spotify has definitely caught my attention and will be looking to buy on a nice pullback if one ever occurs. Here's a good video explaining the bull case for this new IPO.
Who is Bizintra? Bizintra is a global e-learning company (Financial Times, 2016) and is one of the world’s most sought-after destinations in financial education. It provides fully sponsored courses for people who want to learn more about trading the financial markets. Bizintra’s trading education and strategies have been meticulously developed and are delivered live by high profile industry experts from leading institutions such as Goldman Sachs, Bank Of America and Morgan Stanley. Their ethos is based on transparency and providing new and existing traders a platform for success. The company aims to teach a strategy that delivers regular returns over a period of time (Irish Examiner, 2016) to minimize any risks for its students. Bizintra works with four different brokers that sponsor the courses: AVATrade, City Index, Plus500 and IG Index.
“We know that our education is only as good as our trading results and we prove it every day. Not only do we notify you every time we make a trade, we also analyze each trade every evening in our live trade review. As a student, this gives you the opportunity to learn our strategy so you can successfully trade independently. We have a success rate of 80% over the last 12 months that our students are benefitting from every day” (Jonathan Farrelly, Bizintra CEO).
The aim of Bizintra People have now become used to the value that can come out of strong online communities. The underlying success of our students lies in the relationships they can create through Bizintra. With the advancement of technology, the educational experience is not advancing at the same rate. The experience of learning is so much more that Powerpoints and multiple-choice exams.
“We aim to develop a unique online learning experience. We want to give people access to education from experts combined with a social network with other students. Our goal is to create a digital community that helps one another in making smarter investment decisions” (Sam Warner, Bizintra CTO).
Quality, transparent, practical education
Live, interactive and engaging education
Accessible education, anytime, from any device
High profile industry experts (ex-traders from Goldman Sachs, Morgan Stanley, Coutts Bank)
Mentorship & expert support
The success of our students - Proven Strategies
Learn to Trade the Financial Markets | Bizintra - YouTube
Bizintra provides its students with three different programmes: Bootcamp, Alpha and the Pro Trader Programme.
Bootcamp – for brand new traders that want to start the right way
We know how challenging sitting down and trading for the first time might seem. The Bizintra Bootcamp has been developed for complete beginners, to get you prepared for trading the financial markets. The trading strategies that we use require some knowledge of the markets, risk management and a technical understanding of how to put trades on. We outline the right risk management strategy to have long-term success, how to develop the right mindset to trade and how to find a profitable trade with technical analysis.
Alpha Programme – your first steps into the live world of financial trading The Alpha Programme at Bizintra offers students an introduction to live to trade in the global financial markets. The programme offers expert strategies and attempts to convey the experience of traders with over 60+ years combined. We offer our students a set of guidelines and consistent strategies that provide a controlled return that we use ourselves on a daily basis. Our trading programme will show you how to successfully negotiate the financial markets, striving for a consistent return month on month while managing your risk effectively.
Pro Trader Programme – elevate your trading to the next level The Pro Trader Programme at Bizintra is the best next step for those students that are looking for a more advanced trading education. Our aim is to continue your growth as a trader and offer more detailed analysis on an individual basis. We aim to strengthen your understanding of our trading strategies and give you the ability to confidently make smart decisions each and every time you enter a trade. Our goal is to get you consistently trading the markets profitably and offer support and insight when you need it most.
The famous rogue trader, Nick Leeson, who brought the Barings Bank down, has partnered up with Bizintra to run some of the online courses (City Wire, 2016). Leeson became the Head Educator at Bizintra at the beginning of 2018. He focuses on a more realistic approach and tries to warn others of the mistakes he made in the past (Irish Examiner, 2016). He holds live webinars on a regular basis and answers questions from students (Financial Times, 2016).
If you wish to take any courses with Bizintra, you can apply on their website here.
The Norwegian OSEAX which is commonly referred to as Oslo Bors. It is an independent stock exchange which has over the years grown into one of the sturdiest exchanges in the world. Oslo Bors has hundreds of companies listed on it and this serves to make it very vibrant and important in the stock market. It is important to note that all trading on OSEAX is done through computer networks and trading ends at 1630 hours having started at 0900 hours (local time.
The performance of OSEAX so far
In the past 12 months preceding May 2018, OSEAX experienced a rather volatile period. At one point, the OSEAX points dropped to 690.8. Given that the market’s points were at a high of 884 on May 13th, 2018, it means that a rise of more than 22% was experienced in the past 12 months.
When we look at YTD - year-to-date, statistics, OSEAX has gained 7.90%, at least since the year started. Over the few past months of 2018, OSEAX has touched a low of 770 points. It is in the month of May 2018 (11th May) when OSEAX reached its all-time high of 1,002.41 points. This is a big contrast to January 1983 when an all-time low of 13.97 was touched.
What to expect in 2018 and 2019
Reported by Gratis-spinn.com, the current rally at OSEAX can be attributed to the good performance of many of the Norwegian stocks. Even though Oslo Bors points were trading at below 880 points on May 13th, it was only two days before that it had managed to break the 1,000 points ceiling.
Based on the current market trend, we expect the OSEAX points to trade at 885 by the time second quarter of 2018 is coming to a close. According to Trading Economics global macro models and market analysts, OSEAX is expected to trade at 837 by the end of 2018 and at 813 by the end of Q1 2019.
The global stock market is expected to drop in the next 1-2 years. In Europe for example, the FTSE 100 is predicted to close the year at 6,490 points and to close Q1 of 2019 at 6,327. In mid-May 2018, it was trading at 6,826 points. The American Dow Jones which was trading at 22,844 in May 2018 was predicted to drop to 20,817 in Q1 2019.
We expect that the stock markets will fall in the coming months mainly because investors will be anticipating that economic growth will hurt due to the trade war between the U.S and China. To add on to this, there is geopolitical tension building up between Saudi Arabia and Iran. The tension between European Union and Russia will also take center stage in the coming months. All these factors will play a part in making the OSEAX points drop.
Chart patterns can provide a rare signal of clarity in the daily noise of market price action. And no matter what security or asset class you’re trading, chart patterns can help you make sense of the numbers and interpret random information into actionable insights. In my experience, this is especially true for trend followers and other types of traders who have price action at the heart of their trading strategy.
That’s why I wanted to write this short article to share exactly how I use different reversal and continuation chart patterns to orient myself in any market environment. So by the time you’re done reading, hopefully, you’ll have a much deeper understanding of how chart patterns can be one more valuable resource in your technical analysis toolbox. So where do we start?
How chart patterns help give context:
As a trend following trader, my main trading and investing strategy is to buy stocks that are going up in price and try to hold on for the ride. This momentum-driven approach works well in bull markets and keeps me out of too much trouble during flat or bear markets.
But the problem with this approach is it can be hard to know when a trend is too extended or might have further to run. And that’s exactly where chart patterns can help shine a light! Let me show you what I mean.
Use chart patterns to interpret and adapt to market realities:
For starters, chart patterns can really help you manage your expectations. And as you probably know, in trading, staying grounded in reality is key to a consistent P&L. So when you see a stock hit a new high, only to fall back into a long, sideways consolidation pattern, you can accept this pattern and adjust your expectations to the reality that you may not see capital gains right away. Depending on your timeframe, you might even decide to sell your stock and move on.
To the contrary though, chart patterns can also help alert you to high probabilities of continued follow-through. So for example, I often scan for stocks hitting new 52-week highs. But it can sometimes be scary to buy these stocks when they appear they’ve gone up too far too fast. However, if there is a clear chart pattern in recent history I often feel more confident taking a swing.
For instance, I’m much more comfortable buying a technical breakout in an uptrend if it has also recently broken out of a multi-week ascending triangle pattern because the projected measured move provides some forward-looking reassurance this stock might have more gas in the tank.
Reversal patterns can help you capitalize on big new trends:
In my experience though, the contextual information chart patterns provide is especially true with reversal patterns. A clearly-identifiable multi-week or multi-month reversal pattern (like a big double-bottom or head-and-shoulders top), when combined with the signs of a new uptrend, can really give me the conviction to bet big on an entry signal. In fact, some of my biggest wins over the last couple years have benefited directly from incorporating reversal chart patterns like this.
Bottom line? By adding chart pattern analysis to your existing trading or investing toolset, you can get an important context to help you manage your expectations for a given trade (both to the upside and the downside!)
For me, by focusing on longer-term chart patterns I can better manage my mental and emotional expectations of a given trade. And I can adapt my trend following trading strategy to bet bigger or smaller depending on confirmation from reversal or continuation patterns on the charts.
So that’s why chart pattern trading has been a big win for me personally, and I suspect if you can add it to your decision-making tools you’ll be better off too!