Best Trade Ideas | Trader X

Last week was my first week with this new membership and there were only two ideas out of the 3 that I sent out that triggered and one I took a loss on which I am happy to share with all of you because I am posting my full account/trade logs. I think that’s important for all of you that read this because it gives you expectations and lets you know that this is not just me making $80K in a month with no struggles because that’s not the case and part of my success the last 10 years has been learning to deal with that!

This week we are carrying over two of the best ideas last week because one of them did not give me a trigger to get in. For those new here what you will learn in my process (I wrote about it here too) is that I wait for triggers to get me into an idea that I am watching which means some weeks if the setup is still they we will carry them over.

With Trump in office he can change his mind on any given day just like he did over the weekend with new Canada tariffs then like he did a few weeks ago with China tariffs which has now over the weekend seemingly changed back to no tariffs coming on November 1.

It’s hard to predict or create a strategy around a guy like that which is why I don’t trade that way and which is why this approach that I use never takes any of the news headlines into account because my views are based primarily on the price-chart and what I learned from Dan a long time ago was that “price never lies” and that’s helped me to only see setups v. getting caught up in all of these headlines, especially now.

Last week I didn’t take any oil names long but this week there is a name from The Report that caught my eye because of the price-action setup that it has and it’s one of my favorite setups to take because it follows a basic trend-following concept that I am going to share. Also, and not that it matters, Trump sending more ships to the Caribbean in a show of force to Venezuela only adds in risk premium to oil stocks so that should only help this idea this week.

I also have a great technical short setup this week to share as well and given some of the fundamental changes the industry is experiencing (due to Trump, again 😂 ) it might turn into something that can drop -20% in the next week so we’re going to get into what I look for when we get technical short setups.

The best thing about these two trades this week is that I am going to show you how to get ahead of the crowd on both of them and how you can get paid out 2x-3x for taking little risk and before the market realizes it’s happening which is something that has always been big for me in finding profitable trades that yield asymmetric returns, plus if the short setup happens this week it will be a 1-2 day trade that can pay me out a lot.