Happy Monday, VWAPians!
After a whirlwind trading day on Friday to end the week, it was time to PAR-TAY at the Money Map Press headquarters in Baltimore.
I think I need another weekend!
It was so much fun having most of the crew all in-house. It was like Money Morning LIVE at night. If only I could tell you all the stories, Blanche.
I could tell you some stories about the market — I bought my first mutual fund when I was 13!
I actually did my own due diligence. I used to love learning about expense ratios and which stocks were in ETFs – now I don’t care about any of that stuff.
All I care about is VWAP – Volume-Weighted Average Price.
You can trade the entire market with one line, and that one line is VWAP.
I’m on a mission to PROVE this again and again.
Then, from 9:30 to 11 a.m, I’m finding awesome VWAP trades in my Warlock’s World.
Sometimes, like today, I pop back into the big room right here at 1 p.m. ET to help more traders see the light that is VWAP.
VWAP is so far beyond every other indicator, it’s not even funny.
As you might have heard me say, the market is RIGGED!
Knowing that fact, how do we, as traders, get around that and extract money from the market? The answer is VWAP.
Any news or catalysts that come out may temporarily slow things, but the market never goes down.
Lately there’s been a ton of fear about the next correction, or even outright crash.
As VWAP traders, who cares?
Stay focused, stay disciplined. Profit. Take your money and laugh and don’t own stocks.
The market never goes down and I still don’t own stocks.
I stick with what works, and what works is VWAP.
So when that crash or correction (or armageddon) comes, I’ll see the money and take the money. And laugh.
People lose money in the market because they get something in their brain, and think they’re right no matter what. They get bent on a stock and don’t want to give up.
Most stocks have shelf lives.
You make some money on a stock, you think you know it, you read about it, you decide you want to own it, then it goes down for MONTHS.
That’s because most stocks are going to ZERO.
That’s why I’m a day trader. And man, oh man, I hope you saw what I did on Friday.
I showed all the VWAPians the versatility of VWAP on trades in Oracle (ORCL) and Moderna (MRNA), but not before displaying one of my unsung superpowers…
One of the most frequent questions I get asked is:
Warlock, why don’t you offer trade alerts?
VWAP trading can be so fast, that by the time I wrote an alert, sent it out, and my VWAPian friends read it, the trade would be LONG gone.
As my Warlock’s World tribesmen can attest, my trades on most stocks usually only last a couple of minutes.
The VWAP trading style works best when you buy into the move and sell into the move.
That way you’re not left bag-holding. There’s no bag-holding here.
But if you’re with me, you know I have several super powers, and one is as the Mention-Man.
While I don’t have alerts (yet… hehe), I do mention not only some stocks that I’m looking at, but the key levels that I’m noticing.
So I was watching for ORCL to break this level. And it did.
As a VWAP trader, I sold into the move. Just like it’s nearly impossible to call a bottom, it’s equally nearly impossible to call a top.
That’s why I sold a portion of my shares on the way up, and moved my stop to that point, so the trade couldn’t turn into a loser.
However, FIVE minutes into the day, the trade is OVER. If I had sent out an alert, there’s NO WAY you would have got there in time.
But the Mention-Man can save the day. Don’t believe me? Look at this:
After the market opened, that key level actually was the VWAP. MRNA rose all the way to $255.
That’s a 15-point move!
Zounds! Thank you, Mention-Man!
All of these mentions were before the market opened.
I love trading pre-market.
If it’s possible with your broker, you could love trading pre-market, too.
But here’s the thing. Mention-Man mentioned these stocks and key levels during pre-market action. There were still opportunities to trade them during regular market hours.
We’ll see about turning these mentions into some kind of alert. But I don’t want to do that unless I KNOW that it works.
What I do know that works is VWAP. And me. That’s all you need.
So I’m expecting to see you in my Warlock’s World sooner rather than later, so you can take advantage of my vast VWAP knowledge.
To make sure you don’t miss any of me, VWAP, or Mention-Man, be sure to tune in today LIVE at 1 p.m. ET right here in the BIG ROOM!
That’s all for now, VWAPians. Let’s have a killer week!
Best of luck in your trading!
Kenny “The Warlock” Glick
December 13 2021