The Warlock – Kenny Glick – here.
Did you see what the market did yesterday?
After opening slightly gapped up, the Invesco QQQ Trust (QQQ) seemed to RIPPING higher.
And in fact, we were long the market in Warlock’s World.
Or as I say frequently: “Lock it up.”
The trade went in our favor…until it didn’t.
At the time I was even telling my Warlock’s World members that it was choppy, but bullish.
Boy was I wrong.
But thankfully I have VWAP by my side…
Once QQQ fell to my established level – VWAP – my long trade was OVER.
So at this point, I was flat – meaning that I didn’t have a position on.
I was waiting. And watching. And HUNTING.
And that’s the beautiful thing about VWAP. My trade was defined. There was no fear.
But then the market started to roll to the downside.
And it just. Kept. Going.
And within MINUTES, I was on the phone with 8-Baller talking about how we got stopped out of our long and were short the Qs.
Regular traders? Those sad suckers not using VWAP to trade every day?
They were probably wondering what the heck happened.
But not my Warlock’s World members and I.
We were READY. We were PREPARED. We were DISCIPLINED.
And that’s what makes aaaaaaallll the difference.
Discipline. VWAP. Price. Me.
If none of this makes ANY sense to you…stick around.
Because learning to use VWAP to not only protect yourself on the way up, but to reverse course and get involved on the way down could completely change your trading career.
And this is what I teach in Warlock’s World every day.
I’ll see you there, Blanche.
Kenny “The Warlock” Glick
June 02 2022