That's the test I use on every stock that just ripped, and today gave us a pile of them: NuScale up 15%, FCEL up 19%, ASTS up 6%, most of them in massive downtrends. Fun to trade, but if you covered the ticker and saw the chart cold, you wouldn't like any of them. Tonight's Bull Sheet lays out that rule, the photonics leaders that actually held their highs, and Wednesday's full list. I've traded since 2007 and the difference between an 8 p.m. chart and a 1 a.m. chart is most of the game. Full issue: https://thebullsheet00.substack.com/p/rest-day-for-the-markets-photonics — and the Labor Day sale on the BullsVision room and the October bootcamp ends Friday: https://www.bullsonwallstreet.com/labor-day-sale — cover the ticker on ASTS. Yes or no? Drop it below.

Entered 8/26, sold today, 8/27. Since May, this has been moving almost with the symmetry of a sine wave on an oscilloscope, tilted up. Traded it 7/31 to 8/5 (arrows), exiting prematurely for only half the swing (arrow on 8/21 an alert, not a trade). I watched as it continued to swing back down and reversed yesterday at the uptrending 50ma with a green engulfing candle; volume was sub-average, but MACD histogram showed a slight bullish turn. Big volume today, and price move amounted to almost a full swing, so I closed it; could also be premature, but not willing to risk giving any back. BUG is part of a cohort of cybersecurity ETFs that are all moving in tandem, and all the others also have cutesy ticker names: HACK, IHAK, CIBR.

On Friday, 8/21, CHD and URBN both seemed ready to climb. CHD very long-term is fantastic, but short term is ragged and wicky lately. It's been in a spiky range-bound uptrend since April, was at bottom of range. I liked its hammer and its move from below to above the 50ma with healthy volume; entered near the close as it stayed just above the 50-day. Sold it today (8/24); with its gappy moves, I don't trust it to not spike down--maybe another of my premature sales; we'll see. URBN also not a pretty chart, but uptrending since March, with big swings. Friday it was almost a doji; spiked down on open, but recovered and stayed above the 50 day, also on good volume; looked ready for its next swing up; entered near the close. Holding, but will sell before earnings announcement post-close 8/26.

If you could improve ONLY ONE thing in your trading right now, what would it be? 1️⃣ Better entries 2️⃣ Better exits 3️⃣ Risk management 4️⃣ Discipline/consistency 5️⃣ Reading charts Drop the number + why below 👇 I'm curious what everyone is working on.

A good setup doesn't always mean it's a good trade. Sometimes the chart looks perfect, but the market environment, sector strength, or overall momentum just isn't there. I've been trying to look at the bigger picture before getting focused on the entry: Market → Sector → Stock → Setup → Entry It seems simple, but I think skipping those first few steps is where a lot of forced trades start.