 There's a reason why Xtrades is currently the fastest growing application on the market for sharing financial ideas. With over $2.5 million paid in the last two years to contributors, users are flocking to see what trades the top traders on the leaderboard are sharing in real time. If you're looking to grow your reputation as a trader on the internet or discuss your trading ideas with other reputable investors, click the link below and get connected with a trading mentor today completely free of charge. Alright, what's up everybody? This is Alex from Xtrades and welcome back to another weekly trade ideas list. I hope everybody had a wonderful trading week last week. Definitely a crazy week in the stock market. We defied bearish seasonality just from one day after Nvidia earnings. We did follow up pretty good the first two days of the week. NASDAQ was getting slammed, spied just a little bit, but it was mostly the NASDAQ the first two days that had a really big pullback. Just a 4% decline from its peak and it did recover after Nvidia earnings. And if you followed any of our ideas from last week, all three did have a chance to pay at some point. Microsoft pulled back into our first price target pretty well. eBay had a good day every single day of the week, basically stayed green every single day. So that relative strength that we saw on eBay on Friday, last Friday, worked out pretty good. And XLU actually was a pretty good safety play the first two days of the week. For spy and QQQ is very weak, but utilities did have two green days in a row and kind of kept you safe throughout that weakness period. So that thesis of looking for defensive longs played out pretty well, even though XLU did not have as good of a return as the NASDAQ or spy after Nvidia earnings, it still was a pretty good safety play and kind of had limited volatility and kept you more on the safe side. So for Monday, we do have a full week this week. We are not going into a short and weak like last week, Monday, we do have new home sales. This could potentially move the market. It's a hit or miss just depends on how extreme the reading is. Tuesday, the most important is just going to be consumer confidence at 10 a.m. This always has a chance to move the market gives a mid-session volatility. Wednesday, the second most important arguably is going to be the GDP. Definitely want to pay attention to that at 830. We also have one Fed Speaker at 12. It's going to be Boston. And then on Thursday, the most important day of the week, it's going to be PCE. PCE is the Fed's preferred inflation gauge. They prefer this over the CPI. So when they're measuring for their 2% target, they are going with PCE. We also have pending home sales at 10 a.m. And we have some Fed Speakers right after the data a couple hours after. We have Bostick, Gullsby, Mester and Schmid. And then on Friday, actually some pretty important data. This might be a little bit more important than the GDP. So honestly, this ISM and PMIs could be the second most important. Besides PCE, it's going to be S&P US manufacturing PMI and also ISM manufacturing at 10 a.m. And then we also have consumer sentiment at 10 a.m. So that drops with the ISM manufacturing. This will definitely bring mid-session volatility, either up or down. It's always going to have a knee-jerk reaction. So you want to pay attention to that at 10. And then lots of Fed Speakers. Again, we have Lori Logan. We have Waller, Bostick and Dolly speaking. And on to seasonality for this week. You can see it's actually a very negative week historically. Summarized profit at a whopping 11%. But only winning trades at 50%. This means if you went short from February 26th to March 1st the last 20 years, we would only win on 10 of them but also lose on 10. But the thing is the drawdowns in this period were so massive that the winners made up for the losers. So I'd say we're going into about a 50-50 based off the last 20 years for the market to pull back similar to the probabilities last week. This is our week last week after the 216 OPEX. We were expected to have a week period as well. But NVIDIA did defy expectations and brought us back up. So we only had two days and the rest were relatively bullish, almost ultra bullish because spy is breaking all-time highs just after one session. So going into this week, we do have to keep in mind volatility is back to very low levels. VIX closed down 5% on Friday. Also have the spy closing at a new 52-week high and all-time high. QQQ, NASDAQ stuck at all-time high resistance. But both are at a very big trend line and we'll go into those later. Some big trend line resistance possibilities coming up here on both indexes. They are longer-term trend lines but we'll get into those later. They are pretty interesting and kind of give a potential for a pullback over the short or medium term. So we still want to be careful with expecting two bearish of seasonality. Just have to last week get proved to you. The market can switch just in one session. So the two days of seasonality just got blown away even though we had a good start for bearish seasonality and if you had puts, you're probably making pretty good money. It only takes one session to blow that away and NVIDIA earnings to do that for the market. So just look at it as a 50-50 scenario. The last 20 years proved that. If you went short from Feb 26th to March 1st, the last 20 years in this exact period, you would have won on 10 and lost on 10 as well. But overall, I feel like the market will see a pullback even if it's not huge or anything. I feel that we probably will file the seasonality relatively good. That doesn't mean we have to just start making lows like this, but we can see some pullbacks from the highs. And on to the setups this week, we do have three. I try to keep it at three individuals so we have some time to go over the indexes because everybody trades buying QQQ as well and I don't want the video to be too long. So I kind of made three the standard but I do go over 200 plus tickers to find these three. I try to find the best three out of those 200 that I go through. Takes me a couple hours, but it's usually always worth it. We usually find a couple good ones. But usually they're pretty consistent. I mean, I would say at least two out of the three every single week. I mean, they've been working out really well. So to start out here, we're looking at SMH. We had this on the list a couple weeks ago actually. They're literally the same setup. So we were looking at this upper channel line. This is where SMH rejected the last time and at a big 2% down day, actually even more. It might have even gone negative 2.5%, but it did go off this upper channel line that we were looking at. So we were looking for potential resistance at this and we did get that for two days and then it bounced off the 195-90 back test area here and kind of loafed around, but it rejected again and came back down to the same area last week before NVIDIA earnings of course and NVIDIA earnings just totally created this huge gap. So with the gap this big, obviously you don't want to just shoot for the whole gap right away, right? I mean, these things take time. It will fart around inside of this sometimes before filling all the way through and lots of times you will see it fill about 25% to 50% of it before it tries to bounce. So go about there and then try to come back up. And that obviously depends on the moving averages as well. So if you have a moving average meeting halfway inside the gap, like the nine to 21 combo here, it will try to hold up the moving averages unless you get some major gap down or some big standard deviation day. Lots of times in low volatility periods like this with the VIX, the nine to 21 is gonna get respected and it's going to at least attempt to hold the MAs before trying to flush them. So you do want to be careful of that. Don't shoot for the whole gap unless you have a lot of time. Your minimum expiration right now should probably be like April for anything you trade. Doesn't matter if you're trading calls, doesn't matter if you're trading puts, looking for downside. Your minimum expiration at this point probably gonna be April for overnight trades or really anything with overnight risk. Cause now that we're coming up to the 315 expiration there's only 19 days left on the 315 monthlies. And usually with swing trades, I usually preach 30 plus days is probably the lowest you wanna go for overnights. Cause even 30 days to expiration, your theta will start kicking in a lot more even just after one week. So 30 plus days, usually the best way to go about it. For this week on SMH, likely gonna focus on day trades, little put scouts or something. You can see we actually rejected off our channel line here pretty good on Friday. I do have a put debit spread open on this at the moment and it brought my challenge account over $500 from $300 on Friday before I tried to reverse. I'm looking for it to at least try to gap so maybe 25% of this eventually. But keep in mind it is a 315 expiration debit spread. They're not as volatile. It's not just a plain put, it's a put debit spread. So it can deal with a little farting around up here. And the risk is not huge. It's literally one spread on a challenge account. But for regular options in my main, gonna be looking at puts on this, just little scouts maybe. Obviously, you might need that signal under 207 which is the start of the gap. We can even draw a line there if you want. So 206.33 we can hit right click, hit add alert and we'll just name it gap start. That way when price taps it or if price taps it, we will have an alert that is close to the gap and it could be trying to fill to the downside but also this can't act as support. As you can see this general area on Friday was it came to gap support and a little reversal before trying to kind of chop around and sell off towards the end of the day Friday. So it's good to wait for confirmation either a close inside the gap like a daily bar closing inside the gap that will set you up for a flush lower or something closer to it at least. Cause otherwise this gap start can kind of act as a structure or support. Maybe wait for confirmation. If you don't just look at scalps. Obviously you probably don't want to just short into the lows cause this is kind of a short term structure. Not exactly a double bottom confirmed or anything but you do have two clear reactions. We have a little bounce here and a little bounce here. So if you wanted to wait for it to get inside and flush that you could do that as well and scalp that quick flush like gaps like to do to the upside and the downside. So that's for SMH looking at puts if you did want to play this longer term or more medium term upper channel and trade back down by April expiration minimum to deal with drawdown risk cause there is still a little bit of upside risk with AI and video 25% of the waiting of this ETF is Nvidia. So go at your own risk. But it's similar to a couple of weeks ago when we looked at the same exact setup except this time we do have a reaction bar last week or a couple of weeks ago when we looked at it. This was Friday's closed. We had no reaction bar yet. You did get that on Monday and then a big gap down on Tuesday and then even more follow through the next week after. So that's for SMH looking at puts further out April minimum expiration. And if you're going to scalp on day trades you want to just be careful cause they are shorter term you're probably going to go with the Friday expirations and those you do need to go smaller and just be more careful make sure you know how to manage risk. All right, next we're going into TLT. It's been a while since we've had treasuries or bonds inside of the trade ideas list. Usually when I look at TLT it's because I see something good cause otherwise bonds TLT treasuries they can't be kind of boring and there's not a lot of volatility. Volatility didn't really pick up in treasuries until 2022 when the Fed started raising rates. So bonds and treasuries they're supposed to be relatively boring assets and sometimes you will find more volatility in these and equities the past couple of years since 2022, which is crazy. And they also do have a positive correlation now minus the past couple of weeks bonds have actually been kind of selling off not making new highs while spy has been going up and making new highs when the past couple of years spies been selling off with bonds and also rallying with bonds. So the correlation is kind of coming to an end a little bit. It might be getting back into its regular inverse correlation when bonds go lower it's good to buy stocks when stocks go higher it's good to sell bonds. And that's why the 60 40 portfolio worked for so long cause one would make up for the other if bonds pulled back stocks would rally when stocks would dump bonds would rally and the 60 40 portfolio would provide good returns but not the past couple of years the 60 40 portfolio is totally tanked when stocks were dumping bonds were dumping when bonds were rallying stocks were rallying also. So there was no inverse correlation to make up for the other they're both dumping at the same time and the 60 40 portfolio had awful returns. So just now maybe it could be getting back to its old correlation where it's usually mostly inverse but the technicals are pretty straight up on this you have a lower channel support here and you had a big structure at 93 10 right here this is a big bounce area we actually broke under that a lot of people probably thought too short under 93 you had a couple of good signs that it would go lower but overall you had a test one a test two, a test three and then a test four hold that led to this rally on Friday you get a big bullish bar here one thing you do have going against you still under the 50 EMA still under the 200 EMA but that could give you a little bit of room assuming you get over this 50 to get up to the 200 and you could take profit about there. So TLT we're looking at calls here I would definitely just buy time you don't want to day trade bonds this is a good by April minimum hold for a while let it fart around and then eventually they can come back up I was buying TLT calls when it was all the way down here and it was looking like a lot of people capitulated and we eventually got a nasty reversal and then once the FOMC came out back in this period there was a big, big rally right here as you see so to me this kind of looks like a value area usually in stocks or really options or really day trades as well I'm looking for a value area something where there is minimal drawdown risk and now that we're back over 9310 here on TLT I feel like the drawdown risk is minimal and also if it does draw down from here you do have this trend line support still obviously you probably want to make sure it's holding over 93 it's a pretty big level pretty big reversal point right here there's also a little level here at 92 flat so you can watch 92 flat as well so 93 to 92 is kind of your zone make sure that it's holding otherwise it can sell back off and yields will go higher and bonds will go back down but the reason why bonds went up in the first place from these lows is because people thought the Fed was going to cut rates they thought this was peak rates, peak yields and you see that priced into this huge bond rally likely due to oversized treasury shorts on the futures and lots of other things I mean this was a very overcrowded trade to the downside and it set up for a really big reversal one that you usually don't see in bonds so we've seen some historical moves in the bonds and now it's looking like a pretty good setup I mean overall eventually this could get up to this little upper channel line might take some time and then you do have a big supply zone right here it's a rally based drop zone so that's a supply rally based drop so maximum that's probably the highest I could see if it can get up there or the trend line resistance can't project any higher till I see it breaking out of this channel or breaking over the supply and then overall we'll need to get back over the 100 area which is a big resistance as well so you kind of just have to work with what you got here you got a upper channel line and close by supply somewhat but it looks like there's pretty good risk to reward here so definitely watch it for upside COT looking at calls April expiration minimum risk off under 92 maybe one or two closes under 92 and you can look at something else all right and last but not least for our individual tickers this is more of a boring stock I like to add one boring stock at least something that you know might move a little bit slower that you can look at for the long term occasionally I find these where they look like value areas kind of like eBay last week it's a boring stock but it's kind of at a value area it's been selling off and staying in range well here's another one this week this is BMY this has been selling for a long time now at least a couple years so it's basically been selling since 2022 had one pretty good rally up here towards the end of 23 and then all of 2023 it has been selling and likely that could be because of flat margins so you can see the annual here we got net margins at 15 and 2021 net margins at 13 and 2022 and net margins at 17 and 2023 so relatively flat profit margins all three years and it's kind of reflecting in the price and not seeing any crazy growth even revenue has stayed at about 46 billion here 46 billion and 45 billion so revenue is kind of all staying the same you're not seeing that year over year growth in revenue or margins so that could be why you're seeing this negative price reflection just kind of flat growth but overall they still pay a dividend so they're paying about 4.47% yield not bad that's not too risky and not too high either and overall they've been around for a really long time but I was actually looking at this down at this area too as well there was kind of a little wedge here a couple weeks ago I think we had this on the list or maybe I just posted it in chat we're looking at this little breakout and had a nice breakout all the way up in 253 I'm pretty sure we had this on the list because I remember going over this on a video so we're looking at this wedge breakout and there was a nice rally and it came back down to that same value area at the 48s held that up as kind of a double bottom and now actually we do have a longer term trend line here from 2022 you got test one, a test two and now trying to break out here you had a test three but not a big rejection at all maybe on the four hour if you go down to it or maybe even the one hour there's kind of a big wick here so obviously there was some kind of pullback this is your test three off the trend line so there was a test three it was just short term so here's your test three rejection and now it's trying to break out so you kind of have to zoom down to see that test three but it was respected and people were looking at this downtrend line obviously maybe even just the algorithms another thing we have here we have over the nine, the 21 and the 50 which is a good sign so you're over all your medium term and short term moving averages on the one day it actually failed to stay over it back here but now you have three consecutive closes over the 50 which is a pretty good sign because you only have one consecutive close maybe two right here I guess you could count this but it's not a convincing close this is three convincing bars over the 50 you have the nine crossing over the 21 to the upside that's why you see this little cross here and now it kind of looks like it's starting to meet its bottom a little bit so if you buy April expiration minimum calls could be good on this this is also just a good long term hold I think as well this is kind of a value area so you really have no growth in margins and also no growth in revenue either the past couple of years but this could be a good comeback story eventually and even if you're just patient and hell they are still paying a dividend as well so even though you're not really getting any gains on equity the past couple of years they are still paying you out to hold so if you can bet on a growth of story here and a little comeback on a year over year basis this could be a good long term hold and you would still be getting a dividend regardless so that's for BNY here you're looking pretty bullish over your 9, 21, and 50 moving average starting to break out of this little downtrend line also looking pretty oversold you got strong support off the 48s so maybe you can get up to the 200 EMA overall but BNY looking at calls just be patient it's a healthcare name and it can feel a little slow all right next we're going into the spy so last week we had slight resistance at the 503.50s we're looking at this short term res right here I mentioned that this candle could be setting up for a potential downside move at least into demand or the trend line we did get that directly on Tuesday right away it actually tried to hold up on Tuesday was able to close over it and then even on Wednesday it broke under it tapped the rally based rally demand we've been looking at the past couple of weeks also bounced off your 9, 21 EMA combo once again like I say every single week just focus on your 9 and 21 EMA combos for a trend gauge don't get too bearish until it breaks under and it just reminded us again why so just off this one candle here this one reversal off the 21 that led to NVIDIA's earnings and a major gap up 2% defying any bearish seasonality for the week but you still want to be careful at these levels this is relatively overbought just as it was right here and you will need some type of pullback before making another leg higher in my opinion always need some type of short term pullback to lead to another leg unless you're in a total blow off top breakout and we're not really seeing any crazy volume on this breakout so I think the volume could have been a little bit higher to kind of confirm this as a big breakout and we really didn't get that only just right above average barely on this breakout candle but overall the same structure from last week's bounce right here this rally based rally demand that held up right here as well you had to close just over the trend line so you weren't able to break under the trend line with conviction and then also your 9 and 21 EMA combo led to another move higher so obviously your demand 21 EMA and your trend line have kind of been the discount area you want to be able to go long at and maybe not chase these breakouts because eventually they kind of do pullback before trying to make another leg and you don't want to get caught at the top you want to find that value area and your value areas are going to be at the moving averages at demand or at a trend line so for this week we really don't have any crazy resistance for the short term I mean just this 5-10 where it's slightly rejected on Friday and it's not much right I mean it's just this little peak from Friday you can mark that on the higher time frames you really have to zoom out to find any resistance and one thing we'll look at I'll go ahead and remove everything so if we go all the way from the dot com bubbles peak at the year 2000 and we go all the way to the 2021 peak this is a big trend line resistance this could be a short term test number three rejection eventually this is a one month chart so obviously I mean this could take a while to play out you got a test one a test two and this could be a test three so it's something you definitely want to watch QQQ actually had a pretty good short term pullback off its dot com bubble to you know 2021 highs trend line had a short term pullback two of them actually so it's worth paying attention to on NASDAQ for sure right now on spy we really haven't like tapped it exactly yet but we are at that general area and it kind of makes you wonder if we are getting to that point on the more medium term to longer term pullback obviously on the higher time frames you really can't go any lower than 480 if you really were to kind of project a more medium term over some months type of pullback you really couldn't expect it to go any lower until you see it breaking under 480 which is this previous all-time high resistance so that could act as a back test area to rip higher so that's just one scenario on the further out time frame that's all the way from the dot com bubbles peak to the 2021 peak and that gives you this trend line all the way from here to here so that's just one thing to consider on the higher time frames if you were a long-term investor obviously you don't want to just buy into trend line resistance you want to buy pullbacks more discounted value areas and obviously when you zoom out this is now really a discount or value area one thing it will probably need to do is kind of confirm a rejection at this line to show that it's valid similar to QQQ on the one day we'll go over that next it will need to do that so for spy this week I really don't have any specific setups for you other than that longer term trend line you can watch that maybe look at some April puts or something definitely go small any bear bets you don't want to go too big right now because we're still trending up and you definitely don't want to short into the nine to 21 EMA combo if you're going to try to scalp these moves or look for like two day swings at these pullbacks you can do that we also do have this gap as well so eventually I feel like the bears will try to eye that we just don't have any confirmation yet that it's entering and you usually don't want to aim for the gap until it gets inside of it and you have a little bit more evidence and then probably we'll need to break under you know 503 to do that and then overall you know my thesis pretty much don't get too bearish until it actually breaks under your trend line so that's your October lows to this point bounced here and obviously it bounced here as well so we'll need to break under that trend line before projecting any lower and as well don't get too bearish until it breaks under 490 as well so 490 flat and the trend line is kind of your major structure I wouldn't size into puts or really go crazy with puts until it starts breaking under those and you can start shooting for lower targets at that point but right now it's still relatively bullish very bullish actually holding your 9 and 21 EMAs definitely only buy dips if it gets down to there I wouldn't be trading these breakouts they're just very risky and you're more at risk of a road pull up there than if you were to buy discount or value area and on to market breadth this is S&P stocks about their 50 day moving average which actually really didn't change as much as I thought it would last week I thought it would have a much bigger push up given that spy breakout it is starting to curl up a little bit now and maybe if it can get up a little higher that could push the spy because it has some cushion and there's still some room to run and lots of stocks for them to get back over their 50 day but there's definitely still a divergence I mean if we look at the spy we can even remove all these drawings through the hell of it we'll add the indicator there is still a divergence so while it was trending down spies been making highs except for these two days you had to pull back in breadth here and also pull back in the market slight pullback in breadth slight pullback in market these two days and then actually breadth and spy went up together these two days so that's a good sign for the short term it's still kind of diverging though you got spy at the highs and you don't have breadth at the highs or really close to its peaks kind of like right here so there's definitely still something to worry about in my opinion it definitely worries me at least a little bit I would like to see breadth and spy moving together for more than two days so just because these two days had to update together doesn't always mean that it's on point and that the divergence is kind of breaking there's still a divergence in my opinion it is kind of holding this 200 EMA and trying to get back over your 9 and 21 I probably will need to get over the 50 here then get over the 50 that's pretty good for breadth also MACD is positive so if that can continue up and most stocks of whether 50 day are trending like that and staying positive with the MACD that could be a good sign that breadth is starting to recover a little bit and it could help the spy push higher it's kind of like an RSI divergence if you have price making higher highs and the RSI making lower highs that can kind of set up for a short term pullback so I'd like to see them run together obviously the market moves the best when they run together I've showed you evidence of this before I'm going to show you again when you have breadth going down breadth going up and the market moving at the same pace together even this big rally here you have breadth rallying and the market rallying you had some amazing moves here and for this period you just had breadth going lower and market going higher and that kind of scares me a little bit like you have the market rallying really well here going up with the market pulls back with the market and overall it's just it works really good together so that's the only reason why I've been worried and kind of been kind of expecting a pullback eventually unless breadth can recover if it can get back up with the spy that'd be a good sign and we could just keep holding the trend all right and last but not least we're going into the NASDAQ or the QQQ so for the NASDAQ last week I pretty much just had similar expectations for the spy as well I just expected both of them to have a short-term pullback at least it was able to do that on Tuesday and Wednesday before Nvidia earnings then we had this huge gap up you can see it was not able to reach demand directly this 420 area I mentioned it would be a pretty good area to look for dip buys or at least short-term call scouts and I hope the general area pretty good one thing we did have so we did get that close under the 9 of 21 but despite closing under Nvidia earnings was able to push it higher so sometimes you need multiple closes under the movie averages to kind of confirm your bias and confirm a trend break you had a break right here for a couple days and it was able to still get back over so you got to be careful look for candles that will support your thesis obviously nice bearish candles to support that the trend is breaking and it can go lower this little hammer right here that is not really the most bearish candle so if you get a one like this and you're under your MA's just be skeptical but for this week we do have more clear levels in spy we have a clear 439-14 resistance right here we had a short-term 435 from last Friday and then we also have this new gap so in order to break this gap you will need to break under 435 also probably under 434 which is the start of the gap 433-71 but you could look for this to fill eventually maybe buy time on your contracts to deal with that but this gap kind of leaves bulls a little bit vulnerable because 80% of the time gaps will fill eventually it could take some time but eventually they try to fill up and I'll go ahead and remove this because I wanted to show you this trend line on QQQ as well so if we go to the dot-com bubble here from 2000 and we go to the 2021 and ironically this actually came out pretty much during the dot-com boom and in 99 before it peaked out in 2000 so we got a test one, a test two at the 2021 peak and now actually tapped it directly for a test three you can see this daily bar nice rejection here and a short-term rejection on Friday nothing crazy just yet but you are getting a reaction to this longer-term trend line this is almost 24 years old probably a little bit older so it's worth watching definitely want to be careful going along directly at it maybe wait for a breakout of this to kind of invalidate any bare thesis definitely keep sticking to your 9 and 21 EMA value areas if you're going to be a dip buyer go long up here on the market it's proved to be the best value area every single short-term pullback with the exception of ignoring this one unless you try to go long here and you still held despite the break it still was able to get back over and continue the 9 and 21 trend proved it right here I was able to reclaim here bounce here bounce here so your 9 and 21 is always the best value area for this kind of trend especially when the market is melting up so just watch this for 39 area as resistance you do have an area 435 flat as well wouldn't need to get under that for any downside you could maybe watch this 435 as a back test area hold it up maybe scalp calls off of that but you do have this kind of short-term resistance as well as that big trend line from the dot com bubble I showed you as well so you want to be careful going long at these areas and stick to your value areas because it's worked basically every single time if you just buy the discount instead then you do have this nice little demand zone we almost tapped it came very close to it sometimes you just need to go with the general area because if you wait for your exact level to hit you will be disappointed so this is a nice little drop based rally zone we had this marked last week and then overall still turning over your 50 haven't even tested the 50 in a really really long time which sucks because your 50 EMA is also a good area to buy dips at and stuff so just be careful guys no matter what direction your trading calls puts this is just an extreme area on the spy on the QQQ in markets and AI and video everything everything is at an extreme right now you got extreme low volatility and you have extreme highs as well so your drawdown risk you can get hurt just as bad if you buy up here and it pulls back nasty as you know if you were to short a resistance and get cucked to the upside on a breakout so everything is just an extreme right now keep it small no matter what direction your trade probably my best advice honestly just go small markets are at an extreme 90% of the time no matter what contract you enter call or put it's going to dip below your entry so you can't always get a picture perfect entry and you do need to prepare for drawdown risk no matter what you enter so just keep that in mind guys hope you guys enjoyed this video I love you guys I'm going to get this chopped up sent out edited all that good stuff so I love you guys be careful this week and I'm out