Emerging

"Thunder and rain at night growth comes with as shock expression and duration appear in the first moment" The past few days have been very productive. I traveled to LA to audition for the Selenee Fashion Show. The experience was useful and it showed me the possibilities of where my image can take me. I applied the lessons learned in "How to Win Friends and Influence People" and it seemed to help me at least in the confidence of how to act in any circumstance. During the trip I attempted to meet with the hiring manager at Equinox Fitness. I can easily get a personal training job there and it seems a lot more lucrative and incentivizing that working at LifeTime, which had its purpose and seems to have run its course. Today I accomplished much: I scheduled my CMT level 1 exam on December 4 at 11:30am. I finished a CMT question bank practice quiz of 75 questions and scored 92%. I reviewed 4 Maverick Trading videos - ATR as Targets, Fibonacci Extensions/Retracements, Trailing Stops, and Entry/Exit Triggers. ATR as Targets: The ATR is a great rangefinder for profit targeting. Price targets can be matched with the Ask price on options to find optimal target bounds. It is encouraged to set the ATR period to 50 days and to analyze on the daily chart. Profit target at 1.5 ATR, 2 ATR, and 3 ATR depending on the strength of the sentiment. For example, a stock with a Bullish+3 / Bearish-3 rating may have a final profit target of 3-4 ATR, whereas a stock with a Bullish+1 / Bearish-1 rating may target 1.5 ATR. Fibonacci Extensions / Retracements The common Fibonacci Targets include the 38.2%, 50.0%, and 61.8% levels. These numbers are common targets for other traders and can often correlate with S/R levels and are thereby confirmed by other market players. Trailing Stops Trailing Stops are used as a way to protect your profits and they must be adjusted to ensure capital preservation. A trailing stop becomes a market order when triggered - therefore, it is important to break trailing stop protections incrementally the same way as profit taking strategies. In order to effectively implement Trailing Stops in a trading strategy, one must keep the initial Trailing Stop within a wide margin. Similar to profit targeting, ATR can be used to designate trailing stop bounds. If the Trailing stop is broken into 3 points, one should maintain a loose trailing stop soon after entering a position to ensure that the daily volatility does not cause position liquidation, Upon entry into a position, identify 3 price points at which the trailing stops will be placed - each one slightly more aggressive than the last to ensure tighter protections after profit targets are hit. As the price action moves, one should adjust the trailing stop on a daily basis to match the movement of the price. Entry / Exit Triggers Any entry / exit trigger strategy may be employed. The question is - which strategy is the best strategy for each individual trade? In every trade there will be a clear choice as to which strategy was the best, but this can only be determined by retrograde analysis. The most important facet of entry / exit triggers is to be consistent with the strategy, as all strategies will perform in near equivalence over large numbers of trades. The Law of Large Numbers states that the larger the sample the closer to the true profitability of a system, and in terms of statistics a system that works well may perform better with consistency. The best systems are those that match your trading style. Thus, buying on a breakout every time vs. buying only after a confirmed close beyond S/R are both equivalent strategies in the long run under the qualification that the strategy is executed identically every time. A middle ground Strategy is to buy intraday during a breakout shortly before the close. Market Analysis:

The market continues in a breakout to the downside with strong volume confirmation and bearish single day candles that indicate continuation to the downside. The 20 SMA continues to waver below the 50 SMA, and price is below both averages which has bearish implications. The next target for price movement is 433 support level. Elliot Wave Analysis

Elliott Waveforms may indicate the continuing price action will follow a retracement to the support level at the end of wave 4 and slightly below the pivot point of wave A. These are theoretical guides and follow the Principle of Variation in practice. Technical Indicator Analysis

3 Indicators: ATR, Bollinger Bands, Commodity Channel Index

ATR is over a period of 50 days. The ATR is statistically the most likely price volatility to expect over the next periods. For any analysis of ATR for profit targets, a 50 day period is optimal to minimize statistical outliers. In our analysis the ATR is currently at a low level suggesting low to average volatility in the markets. Bollinger Bands are another way to visualize volatility and they depict similar results. Commodity Channel Index generates buy signals at +100 and sell signals at -100. The CCI has just hit -100 so this is another piece of evidence suggesting a bearish posture. Market Posture: -2 Bearish The price action is in a downtrend. Price is below the 20SMA and the 50SMA, both of which are flat sloping. Higher than average volume accompanied strong bearish impulse candles after the downside breakout of the symmetrical triangle formation. CCI -100 "Things cannot remain in stillness forever. Winter storms may destroy some things, but they also prepare the way for life. All growth comes with a shock." "In the beginner's mind there is no thought 'I have attained something.' All self-centered thoughts limit our vast mind. When we have no thoughts of achievement, no thought of self, we are true beginners. Then we can really learn something."