Hey there, VWAPians!
The market revolves around me.
Well, me and VWAP.
Follow VWAP and you almost can’t be wrong.
Follow ME and I’ll show you EXACTLY how to navigate VWAP so that not being wrong could pay for your subscription to my Warlock’s World in very little time.
Then you and I and all the VWAPians can hang out and have fun and make money FOREVER.
VWAP works so well because NOTHING CHANGES. It’s the same EXACT day every day.
Live for the day. Trade for the day. LIVE FOREVER.
Then I get straight-up immortal in my Warlock’s World, where I show my members how VWAP is the compass in the market’s choppy seas.
When I say LIVE FOREVER, I’m being serious. Trading VWAP might have extended my lifespan.
It’s certainly extended my trading lifespan.
The power of VWAP.
On days when the Federal Reserve speaks, it’s excessively choppy.
There’s literally no way to tell what’s going to happen to the markets, so I tend to wait.
Wait. And watch. Watch. And wait. But stay ready.
News is a catalyst for the gap that we can then step in and CRUSH.
And all the morons that thought they knew what they were talking about get ANNIHILATED.
As Garrett Baldwin and I discussed on Money Morning LIVE, cash is a position.
So sure, I had a few typically great VWAP trades on Wednesday, but for the most part, I sat on the sidelines.
It was a great opportunity to open the floor to my VWAPians for questions and ideas. And it was a TON of fun!
I probably can’t even remember everything we talked about (mutton chops?), but one thing did stick out to me and reminds me of one of my patented Knowledge Bombs…
KNOWLEDGE BOMB: Managing losses is equally as important as managing winners
You’d be surprised.
In my VAST experience, managing and mitigating losses has helped extend my trading immortality WAY more than managing my winning trades.
And when I say experience, I mean it. I’ve suffered some horrible losses in my trading life, especially before discovering the holy grail that is VWAP.
That’s why I stress defining your trades.
Set your target, set your stops, no fear, how YOU doin’?
But it’s not just defining potential losses. Sometimes it’s avoiding them all together.
Look, finding ideas is easy. Avoiding all of the ridiculousness of the market is hard. Avoiding losses is hard.
Knowing when not to get involved is a HUGE thing.
Days like Wednesday, that were choppy as hell before a big Fed announcement?
Staying out of the chop is a winning day.
As much as I’m the GREATEST trader in the galaxy, I’m a pretty good non-trader as well.
In fact, I’m a professional non-trader.
On Wednesday, I came into the day knowing that I didn’t really want to do anything. And I won.
Before the Fed announcement, the market went up, it went down. A lot of people probably got chopped apart.
But my VWAPians and I took some time to get to know each other, share some ideas, and collectively increase our knowledge.
We stayed out of the chop.
And that, VWAPians, is how we LIVE FOREVER.
Now, I know my Warlock’s World family was STOKED on the recent VWAP Basics session with the Maharajah of the Multiday, my coder Solid Jell-O.
Well he missed you too, so we’re bringing him BACK to the Warlock’s World on Monday at 1:30 p.m. ET so he can continue to expand your VWAP knowledge and walk members through the sanctity of the Multiday VWAP!
That’s all for now, VWAPians. Let’s continue to have the same great day over and over and over.
Kenny “The Warlock” Glick
December 16 2021