The Warlock – Kenny Glick – here.
I often say that VWAP transcends the market.
At this point I, Kenny Glick, have transcended CHARTS.
Yesterday during Warlock’s World live stream I spent most of the day with NO CHARTS on my screen.
(Editor’s note: The “2,000% return QQQ trade into the close” was in reference to late day lotto trades that Kenny made on Friday.”)
Part of the reason was that I wanted Warlock’s World members to learn to wait…
And I wanted my members to become accustomed to my scanners.
While charts and VWAP help make Warlock’s World traders the absolute BEASTS that they are…
None of it matters without understanding WHY PRICE ACTION MATTERS.
There’s over 8,000 stocks on the market…
And while I have a preternatural feel for zeroing in on the 10 to 12 best stocks to trade every day, the market can change on a dime.
And if you understand WHY, you’re one step closer to becoming a Warlock yourself.
So, on my scanners, I began to notice stocks that were red going green…
And stocks that were green going red…
In moments like these, it makes sense for traders to take a look at these stocks.
Right now, there’s not many stocks reporting earnings. But there’s still PLENTY of stocks making reversals from current price action.
In those reversals, there’s OPPORTUNITY.
Suppose a stock goes from red to green. My first thought would be to go long.
That’s all from just price action.
Using a chart, I can see the candlesticks and find my favorite patterns.
And using VWAP I can validate my trade idea.
But everything stems from the original price action. The WHY I’m looking at the stock in the first place.
Some traders wish to be spoon fed trades that never really get fully explained.
It’s my goal to teach all of my Warlock’s World members how to be the best traders possible.
And sometimes that means rolling everything back to basics.
Because I could find you winner after winner – and I do – but without knowing how I found those particular stocks, I’d be just as guilty as the “gurus” spoon feeding you picks.
And that’s not how I roll.
Because there’s a thousand pick services out there from a thousand jerks that can lose you thousands of dollars of money.
But there’s only one Warlock, who’ll strive every day to make you a better trader.
That’s all for now, VWAPians!
Kenny “The Warlock” Glick
June 28 2022