So in this video, we are going to be talking about the top stocks for October 2019. I Do want to warn you, one of the best ways to lose money consistently by trading is by not having a plan. Not having a plan is the financial equivalent of taking a long walk off a short pier. For example, each ticker from last week's video provided price action, trade-off of and each of them went up in value even though the overall market was quite hormonal.

But folks, unfortunately, buying picks randomly isn't a sustainable strategy. The first reason is because I don't pick these stocks because I think they're going to go up I pick them because I think they're going to have fluctuation and I'm not always right. But if you have been following this channel for a while, you know that I am pretty good at finding the fluctuation. but the key is applying technical tools to the fluctuation, applying applying conservative strategies that we can use to profit off these fluctuations.

Because at the end of the day, identifying fluctuations doesn't mean that you're going to be able to profit off them. So folks, please have a plan. If you do not have a plan, you are going to suffer. I Do not enjoy seeing traders suffer.

But anyways, one of the best ways to prevent suffering is by hitting that ravishing like button. A ravishing like a day keeps the suffering away. And of course, do not forget to subscribe for more short, sweet simplified videos on how to trade the stock market. By the way, for those of you who are wondering what broker to trade these stocks on I Always send people over to Weibo They have an excellent platform that's very beginner friendly and get you up and trading very quickly.

You do try this free broker out. you will get two free stocks just for doing so and clicking mount link in the description below. Okay, let's go ahead and start with the elephant in the room. The elephant a SES ran up like an inflamed batchi 300 and some percent when I started making this video.

go ahead and check it now to see what it's at. It was moving quite quickly and I wanted to make this video, but this massive run-up was on news last week that they were going to be going through a merger. Very merge tastic folks. But I want to be crystal clear: I am NOT A fan of buying positions that have run up this massively, the flamboyant run up means that there's now a large amount of downward potential, but here at Separator we do love fluctuation and any push backs from this could provide beautiful price action for us to go ahead and trade off of today.

For example, we were given the opportunity to buy any confirmation and right the pry strength over the SMA line until validation. Several time's over and this is a really great thing to look at, right? because in the future we know that it's going to be more likely that it's going to repeat this pattern. But that being said, will it keep running up? It's hard to say, right? So you need to have conservative entry and exit points. We already know that every reaction in the stock market is a dirty, dirty, overreaction.

Reactions in one direction or the other always have a correction afterwards. But sadly, a lot of people usually new traders see a huge runner like this and see it as an indication that it needs to keep running. I Guess they see that it's 300% up and they look at and they're like, oh, wow I Guess this means it needs to run another 300 percent. But that's not the case when we see an inflamed Banjee position like this that runs up so quickly and so massively, we have to know that eventually it's going to correct itself.

So with that in mind, we need to follow our conservative confirmation and validation points to protect ourselves as much as possible. And if we can do that, that means that when we do have an eventual pushback, or even a period of stronger price momentum tomorrow or the next day, we should focus on getting in at a good deal and then simply riding the price strength up to validation. If all of a sudden the stock gets beat down like a rabid dog tomorrow morning or a week from now, right? It doesn't matter because we're using conservative entry and exit points. if we enter in, it starts going down while we're out at validation, so it's not a problem.

Again, folks, it's very important that you focus on getting in at a good deal because price action that has run up so quickly is also prone to getting beaten down just as quickly if not quicker. But SES has been a great place so far and by the way, this was another one that we mentioned on our nightly watchlist. I Post my tea watch lists in the Zip Krita circle Facebook group every single night with different stocks that fit criteria that we like to trade off of will get FOMO when we present all these opportunities, but there's no reason to have FOMO because we post all of these opportunities the night before in the Zip Trader Circle. Of course, we don't catch every opportunity, right? Not nearly every opportunity, but we catch some of the best opportunities because they all have certain criteria or template at which we can then trade off of the next day.

and I post these nightly in the Zip Trader Circle Facebook group which is again free and the link is in the description below. Okay, so the next thoughts that we're going to be talking about is: AMD Now if I was trapped on a hypothetical island and I could only have two things, it would be a laptop and the ability to trade. AMD In terms of consistency, AMD is one of the best opportunities out there. I Know that many people get bored with stocks that don't provide he triple-digit upside I Get that.

And as much as I love talking about small cap plays that run up massively, the truth is that a lot of your consistency is going to come from these types of plays. Ones that don't have triple digit upside or even double digit upside, right? Because how do you catch that all the time? You don't? You catch a few of them a week and then most of your trades come from smaller percentage moves. and AMD has several patterns that work together to give us opportunities. The most notable that we've been seeing is this consistent pattern of being able to buy in at or below fair value and then write the price action up every single time.

And if you tighten the chart to the last month, we are literally drowning in opportunities drowning folks. Our comeback pattern of buying in and oversold and riding out to overbought has provided price action to trade off of each and every single time. And while I would never recommend buying in blindly and oversold, this stock does have the pattern of lighting that happens, so even if you had messed up your other technical tools, you'd still have this pattern pushing the odds more in your favor. And we love having a large margin for error, because quite frankly, we make tons of mistakes, right? As traders, nothing's ever going to be perfect.

so we need as big of a margin for error as possible. But another thing with this is literally waiting for directional strikes provides beautiful price action. If you buy in upon a break into an upper direction, you have another huge elevating factor as 90% of the time when we broke into an upper direction on this chart, we continued running up right after. So that's a huge elevating fact that there's a few times where it broke out and then it was a fake out, right? It didn't keep going up, but the majority of the times that went up.

So that means that's another elevating factor if you do break into an Op trend. and hey, you might say, well, why would I want to do something if it's not 100% Well, what you do is you combine a bunch of other elevating factors and if you have several elevating factors with the fact that you're breaking into an uptrend all of a sudden, you have a ton of probabilities in your favour. It's still not going to be a hundred percent, but you can get it pretty high up there. So combining elevating factors such as that of our comeback pattern allows us to start tacking the probabilities in our favor and allows us to trade off these beautiful price action bubbles.

Bubble trouble, bubble trouble, wheel of bubbles, folks. But the key is of course, making sure to take a proper exit at validation. A price action bubble is what it sounds like. It's a bubble, so get out before it pops.

I Like to sell out a validation because this is a point where it's more conservative, right? It's more cautious. That means over the long run I'm taking a smaller percentage of the move, but I'm taking a consistent amount because again, if it turns against me I just sell out a validation and I cut out at a break-even point or maybe a slight loss Again, I'm closing myself off to a lot of risk. And that means that I'm not going to have as much upward potential as well because I'm selling out any conservative point. But again, I'm cutting myself off of risk so that in the long run.

I don't have these places where I blow out my account in order to gain a couple extra percent on a single trade. That's just what works for me, right? Because at the end of the day I Always recommend people try out and watch a ton of different traders. There's tons of great youtube traders on here. There's tons of traders on Twitter I Think stock Twits I Don't know, but check out a bunch of different traders and see what their styles are and then combine everything and test things yourself to find what works best for you.

Look folks I Understand that there are tons of people out there who advertise that they make 100% consistent returns per day or something like that and that they never lose and make you can do that too by just simply buying something that allows you to copy trade. and look I Always like to give people the benefit of the doubt, but in my experience, getting a high percentage return per day is not preferable because that means that you're taking on a lot more risk to get that and in the long run, it's going to blow up your account. So it's very important to take small consistent moves and then scale that up right because if you take it's more consistent moves, you just need to take more of those if you want to grow your account faster. But it takes a long time to do this process and that's why these services are so popular with like Okapi trading I can just buy something in a copy trades for me? But remember folks, short-term profits are often long-term losses in disguise.

What works on one trade may not work on many trades. Okay, next we're going over to Tesla I Was super hyped on Tesla last weekend because we were in good and fair deal territory, but now we've been overextended. Tesla has some strong price ranks, but look folks I Hate buying stocks that are expensive I Want a good deal on this if it cuts back. Fantastic! A previous history of testing direction and providing overselling entry points would make this really great if we see some discount in the next week or two.

Alternatively, if we see it break past previous resistance, old resistance will become new support and we'll have a lot more upward potential. But Tesla doesn't really have a long history of being able to maintain its forward momentum or its positive momentum. The side much rather be able to trade off a cutback of its current strength. but which will happen? Who knows, folks, who knows which way it's going to go? It does matter.

As traders, we just need to find the price action that we need to train off of. As crazy as we make decisions based on minute by minute price action, sort of like driving a car down a curvy mountain road. In order to drive effectively, you only need to be able to see a couple feet in front of you and then you can improvise as you keep going. In the case of both the car and you're trading, you're improvising using skills that you already know.

like you already know how to drive the car. You already know that you need to stay in the lines. When it comes to trading, you already know that you need to have a concrete entry and a concrete exit point. You're following your trading plan.

You're identifying elevating verses, deprecating factors. Okay, great. So next TD Ameritrade continues to correct from its overreaction to the loss of revenue from their commission free decision that happened like a week ago. I Have actually been quite surprised that it's sustained its rebuilding of price direction, but as long as we have some price ranked over are below SMA line.

This is going to continue to be a good position, but the key is to make sure that we sell out eight a longer-term validation. Since this is a longer-term play, we need to focus on the longer-term time chart and I wouldn't expect it to correct all the way, but we can write the price action until it decides where the correction highs are. That way we could trade off the price action. You are a beginner.

I Think some of the best trades to start off with our companies that just had a negative earnings or a negative news release such as this: Write a piece of negative news that's going to cause an overreaction, At which case you can wait until it gets down to the overreaction lows and starts running up as it corrects itself. But unfortunately, most new traders start by buying good news, right? They buy stocks after they've already run up massively and they're like, oh wait, why did the stock price go down? That's because you bought it after it already ran up. You need to buy stocks when they're a good deal. It's just a lot easier for traders to buy discounted stocks that are showing signs of recovering right.

We don't buy dead dogs on the side of the road, but it's a lot easier to buy stocks that are showing signs of recovery now as a trader, so folks, just something to think about as you're approaching your trades this week. Anyways, folks, I do hope that this video is useful if you have any questions. feel free to reach out to us in the comment section below or join our free zip printer circle Facebook group link to which is also in the description I Really appreciate you taking the time to watch this video and I hope that we were able to provide some value to you. Good luck this week! Work hard and make sure to always have a plan and I'll see you in the next video.