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Be the Lion~ Not the Chicken with its Head Cut Off

Are you a trader who is looking to make the most of the stock market?

If so, you may have heard of the phrase, "Be the lion, not the chicken with its head cut off." This phrase is often used to describe the importance of having a plan and sticking to it when it comes to trading.

As traders, we are always looking for the best set up trades to take. While there is no 'one-size-fits-all approach to trading, there is usually one great set up trade that stands out from the rest.

This trade is usually the one that has the most potential for success and the least amount of risk.

ONON was one of those set ups~ An after-earnings announcement trade.

On March 22, we entered ONON ~ $28.00/ $28.30 price range. Our trading plan is in place: with incremental profit targets a long the way to maximize the upside. Friday, March 24, ONON closed @ $31.66 and we are still following our plan.

New trade setting up: MCD

- It has been in a two-week bullish consolidation.

- It is trading above its 20 & 50 SMA.

- There is institutional money flow.

Will need to see its 2-week bullish consolidation breakout.

MCD is on watch this week

Important: When looking for the best set up trades, it is important to consider the current market conditions. Ask yourself the question: "Are stocks/indices trending up or down?"

~To Your Success


Trading Risk Disclaimer

All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

➤ This is a recent trade of mine that I've shared in the Trading Room.

➤ For a complete list of our services, please click here.

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