04/11/2024
's "Pic Of The Day" Buy Alert!
Bitcoin To US Dollar ($BTC-USD) April 11, 2024 / 8 Crypto Buy Alerts
Daily Financial Report No. 2718 April 11, 2024
Wall Street Trader's Column ™ www.wstraders.com is a Professional Advisory Service that caters to Banks, Hedge Funds, Money Managers, Individual Investors, and Traders * Crypto, ETFs, Commodities & Sector Reports*
" of The Day" Bitcoin To US Dollar ($XBTC-USD) Buy @ $71,298 Stop / Use a protective stop of $67,750 / Price Objective: $86,000 / Risk $3,564.90 / Reward $14,702 / Ratio 4:1 / Volume: 9,214 / Minus -213.70 (-0.30%). Technical Indicators: RSI Index: 8 Day M/A Plus 54.53 / CMF Index: Buy Alert / STOCRSI Index: Buy Alert / MACD Index: Sell Signal / ADX Index: Buy Signal / STOC Index: Buy Alert / Support: $67,500 & Resistance: $72,500 This Trade is a "Low-Risk Entry Point" & Second Day Syndrome Recommendation. Trade with Caution and use Protective Stops.
" Off The Ticker" 8 Crypto Buy Alerts! $CEL-USD @ $0.037 Stop / $EOS-USD @ $1.14 Stop / $JST-USD @ $0.046 Stop / $NEO-USD @ $23.78 Stop / $ONGAS-USD @ $0.47 Stop / $QTUM-USD @ $5.54 Stop / $RARI-USD @ $5.50 Stop / $TFUEL-USD @ $0.128 Stop. Trade with caution and use protective stops of (5%).
LOW-RISK ENTRY POINT™. This process is used as a determining factor for success in the stock market. You should consider using the LOW-RISK ENTRY POINT™ as a guide for purchasing stocks. You will then have the necessary edge and ability to accumulate shares at better prices. This will enable you to build larger positions at better price levels.
Three Strikes and You're Out: Our stops are close to the market. We will not risk more than 3 7/8 on any trade. If we get stopped out of a position, we have two more opportunities to re-enter the trade if it pe*****tes the buy point again. After getting stopped out a third time, we call the trade a bust.
We Use Protective Stops: This is the price at which a protective stop should be entered. As a position advances, stops should be adjusted accordingly. Each buy recommendation comes with a BUY STOP. This is the Low-Risk Entry Point™ that you should consider when making a purchase. If the stock does not reach this price, then it does not become a buy candidate. If in the following days, the prices of the stock reach the BUY STOP or higher than you may consider purchasing the stock. Once a purchase is made then use the recommended protective stop as indicated in our reports. Should the stock advance move, you should move the protective stop up accordingly.
Example: XYZ Corp closed at 50 the previous day.
A) A buy-stop recommendation of 50 5/8 is made with a protective stop of 47 5/8 (a difference of 3 points).
B) Now, should the stock advance to 55 5/8, then the protective stop would be 52 5/8,
C) Keep advancing the stop as the stock moves up until the stop is pe*****ted and you exit the position.
How to Capitalize from "The Second Day Syndrome": "The Second Day Syndrome" is a unique way to profit from Wall Street Trader™ Technical analysis. Our analysis is based on a stock's price momentum and volume. Certain stocks will forge ahead after they give a buy signal. Other companies will have a strong up day generating a recommendation and then back off. Watch for these companies! When they eventually pe*****te the buy price (usually on the "Second Day" after being recommended,) they will typically produce a strong upward move. This greatly lessens your chances of getting "stopped out" of this trade.
This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources, we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN its officers, stockholders, and employees and their families may have a long or short position in, or may at any given time purchase or sell, the securities or options relating thereto. www.wstraders.com
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