Good afternoon, Daily Direction readers!
The US stock market has not been an easy place to make profitable trading gains so far this year.
The benchmark S&P 500 Index was down in price by 4.95% for the first quarter and the year to date. But it also came with a rebound for the full month of March of 3.58%.
This shows that while the market is still down for the year, there are still compelling reasons to buy into the right stocks… and even the stock indexes on a trading basis.
But more importantly, it shows that if you take the time to dig into the market data and the trading patterns of the right stocks, you can find winning trades to make.
Even better, if you keep an eye on the right stocks and their trading patterns, you can even repeat the same or at least similar trades in the same stocks over and over again.
This is exactly what we’ve been successfully doing over and over for some of our favorite names inside our stock trading advisory services, Burst Alerts Pro and Josh’s Top 5 during the first quarter of this year.
Rinse & Repeat Trading Patterns
One of the prime examples of a repeat stock performer for us this past quarter is mega-retailer, Walmart Inc. (WMT).
Walmart continues to bolster its revenues despite inflation and supply chain challenges and, in turn, its combination of online and in-store sales not only are benefitting its bottom line but are also grabbing traders’ attention.
It has set up buying opportunities for us followed by profit-taking, not just once but over and over again.
And this is what just happened yet again for us this past week as we traded the stock for a quick gain of 5.55% as well as a gain of 39.58% for the stock option alternative, all in a mere 26 trading days.
Here’s how the trading pattern set up for the buy from the buy zone all the way up to the profit taking as the stock hit its target level for yet another successful winning trade for Walmart…
This is not an abnormality. We continue to use our trading pattern recognition strategies along with our rules for risk management to find these winning trades each and every week.
And you can learn to do the same. To help you along the way, we’ve provided a quick tutorial video session right below…
Traders Training Session: Understand Market Patterns
Getting to know market trading patterns isn’t a dark secret nor one that you can’t easily master.
To help you along the way, please take a moment and watch the following tutorial…
Stay tuned for the next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their daily trading routine, send them over to joshsdailydirection.com to get signed up!
Keep On Trading,