What “Define Your Trade” Means
Good morning, VWAPians!
The Warlock, Kenny Glick, here…
I hope you had a good weekend.
You BETTER have done some extra spring cleaning or knocked out your honey-do list this weekend…
Because next weekend? YOU have a date with the Warlock.
In case you’ve been living under a ROCK and haven’t heard…
Saturday, April 16th from 12 to 3 p.m. ET, I’m hosting a special weekend training course!
Join me on Saturday!
It’s not just the name of the class, Blanche.
It’s a statement that carries nearly the entire heft of my VWAP trading style.
Because my Warlock’s World isn’t just some pick service.
This isn’t “Glick’s Picks”.
It’s about teaching you how to trade VWAP.
My vision for my Warlock’s World trading room is to run it like an old school trade desk.
Myself, 8-Baller, and even some of the VWAP veterans in the chat are calling out stocks and setups, and it’s up to YOU to go out there and Define Your Trade.
And sure, I’m the maestro, trading and educating along the way…
But I don’t want you to forget that this is about YOU.
Let’s take Friday’s Warlock’s World live stream for example.
While I was hunting Werewolf Therapeutics (HOWL), one of the VWAPians in the chat reminded me to look at a stock from my Warlock’s Watchlist…
Clovis Oncology (CLVS).
CLVS had been on the watchlist for a few days, since it had offered multiple opportunities for profitable trades.
(this is EXACTLY the type of topic that I’ll be covering on Saturday).
And I missed it!
You can see the disappointment that I missed the move
Even though I missed this beautiful move from CLVS, it’s still a really important moment, and the EXACT reason why you should join me on Saturday.
You see that red line from the lows of the day?
The line that the CLVS price ended up bouncing off of?
Well that line was already there.
Like I said, I had traded CLVS multiple times in the past few days.
The reason you draw your own red lines is that prices of significance often come back.
If something was significant before, it’s most likely going to be significant again.
And the majority of what we’re doing is plotting prices.
We’re plotting prices from prior days and we’re using today’s VWAP and prior day’s VWAP to then validate how well we’ve done plotting those prices.
Look how well it worked out for CLVS. Held it, held it, held it, then broke out.
So that price of $2.62 on this chart could be used as your stop.
Once CLVS moves back above the multiday of $2.64, you’ve defined your trade.
That’s a TWO CENT risk.
Risk two cents to make FIFTEEN.
I’ll take that trade all day.
For my $5K account traders, risking two cents on 1,000 share is $20.
Making 15 or 20 cents is $150 or $200.
For my small account traders, you can go 1 for 5 on that kind of risk and come out ahead
It’s about balancing RISK versus REWARD.
It’s about having DISCIPLINE.
It’s about being able to recognize that trade and having the same willingness to RINSE and REPEAT.
Everyone wants to hunt for the next hottest stock that moves $5 or $10 in one move.
And it just doesn’t work that way.
I can’t stress this enough – VWAP trading isn’t about consistently hitting home runs.
It’s about getting base hits.
It’s about consistently making disciplined trades.
A HUGE part of that discipline is scaling your SIZE.
When learning VWAP, don’t put 1,000 shares on just because that’s what the Warlock does.
Don’t chase the same entry point on a stock that I am.
THAT’S why I chose that name for my upcoming Saturday class on April 16th from 12 to 3 p.m. ET.
Because while you could try to follow me, you might have a rough time.
But if you learned to Define Your Trade, you’d be well on your way to becoming a card carrying master VWAPian.
So make sure to BE THERE Saturday, April 16th from 12 to 3 p.m. ET for Define Your Trade.
That’s all for now, VWAPians!
Kenny “The Warlock” Glick
April 11 2022
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