All right today we're going to be talking about v-lap and specifically related to using it as a guide for overnight holds okay. I do a lot of videos on v-app, but when we're talking those gappers and those swings, we always always always take the weapon in consideration. I think this is a little bit of a different focus that i haven't mentioned in previous videos. Hey everyone be sure to like share, subscribe and ring that bell if you're on youtube over here over here, i don't know, let's see somewhere in this vicinity, anybody familiar with the jerk you win between the chiclets and the i'm butchering it.

If you know the jerk classic movie by steve martin, when he's a carnival marker you'll appreciate that dad joke from 1977. anyway, the bell is somewhere in this area, all right, so we're talking vwap and we're talking how we use it as a guide for overnight holds So on my screen is ford um. This has been that number one e electric vehicle higher float less volatile electric vehicle play. Many of you know i mean i probably got 5 000 videos about my love of elon musk and my love of tesla, but ford is doing a lot right.

Um in that old line space. You know when, when we're talking, not the startup, i mean obviously tesla's not a startup anymore, but you know the newer companies. You know ford's 100 plus year old company, general motors 100, plus year old company toyota, going on 100 years old. You know a lot of these older companies.

I think ford is crushing it in that space and has been one of the number one swing trades. Now, what we look for and you can see - work - i'm currently recording midday. 12. 30 p.m.

Stocks pulling back a little bit, but we got an ugly pole on the markets right now. Brutal some news just hit, but anyway we'll be back, we'll bounce that by the dip uh anyway, um so ford broke out this morning, nice breakout to 52-week highs. Let me zoom in you can see that so it consolidated for a couple weeks broke out. It's now repeating that exact trend from november to december.

You can see big breakout late october, consolidated for two months and then beautiful, breakout 20 to 25.. Now i get it remember, this is a high float high market cap stock, etc. So it doesn't move 500 a day, but that's what we want for swing trades when we're looking to swing trade stocks you're doing it probably because you're a part-time trader, you're busy. You got a lot going on.

You can't sit here and get up at quarter to four in the morning four a.m. Eastern, you know these stocks start trading. You can't sit there and micromanage, so slower movers are better for the part-time traders, the swing traders. So anyway, we repeated that breakout move today, and so what are we looking for into the afternoon? So we're looking at that v web that red line? And briefly, i will reiterate what vwap is watch all the old videos.

Again, i never remember which side it's on, but there's probably 50 videos on v web, but remember v wap is volume weighted average price. It is by far my favorite day trading and swing trading indicator and i'll say this. I mean it's not just me. The by far the majority majority of day traders, short-term traders swing traders use v-web.

I don't know you know. 99 of short-term traders got me lap on their charts, so it becomes a self-fulfilling prophecy, but it's an amalgamation of volume and price. So you can see that the volume is steadily up trending and the price is steadily upgrading on vwab. Now, what's that tell us typically, the idea is the concept is stock above the up, buyers are in control and steadily up trending b web means.

The bid is pushing up, the price is, is accumulating or or uh yeah accumulating good, and then the volume is is is also growing pushing that trend higher. So it's averaging the two together to give you a pr a lot, a graph showing where the price action and the volume are headed so above v web bullish buyers are pushing it. Higher volume is growing with it below v bearish. That means you should probably be stopping out or not trading it or flipping short.

That's the great thing about vlab is it's a it's one of the best uh short signals out there too. So i mean listen, i'm talking about being bullish, ford right now, but if this thing cracks below v, wap right now, market pulls hard. You probably get a quick scalp off on the short side, so yeah and you'll see that maybe in the next couple minutes it breaks. Vwap you'll see a quick yank, because so many people are watching it.

It becomes that self-fulfilling prophecy, as i said so now, when we're talking about swing trading, let's say we're in ford. Let's say you took the break of previous days highs, which would be that 2480 level right out of the e-book and check out the e-book. You know i've got that top five favorite patterns, we'll link it below it's cheap. It's like 20 bucks, it's easily worth it.

So let's say you took that uh 2480 break and then you're risking, maybe a red moon, so you're risking down, if basically maybe 24., so you're risking 80 cents a share on a 25 stock. That's a good! That's a good um risk or reward! You know for a 25 stock, you can't trade for pennies on these, so then let it work. The idea is: if, if this is above v lap into the close, then you would stick with that trend. So again, in this hypothetical situation, you're up 60 cents a share right now.

Let's assume market turns around ford holds v, maybe starts trending higher, maybe closes at 25.8. But if it's above vlab, that's your conviction, that's your signal that the buyers are still in control and this is stepping higher okay. Then you let it work because remember: what's the old saying let your winners run and if you're selling into clothes on something like a on a beautiful breakout chart like this in a hot sector, you know everybody's talking about ford, everybody loves it. You know close behind tesla if you're selling, you know right now before it breaks, vwap, there's a very good chance, you're leaving money on the table, and so many people get out too early and steadily up trending stocks, and i think that view app can help you With that and help you stay in stock thing, i mean listen, look at look at all these red candles! Okay, you might be you might.

If you're not don't have vlap on your chart. You might be panicking right now and be like. Oh it's all over. I'm going to move on, but to me it's well, it's still.

You know: 30 cents above you app, that's a bullish trend, so you stick with it. Try and reverse it continues trend higher now, maybe tomorrow it gaps up to 26 holds view next day. It gaps up to 27. now, instead of panicking because of a couple red candles, you're still in at 26.27.

Now, if this breaks me up, then you take your small profits and you move on so again: hypothetical entry at 24.80. Let's say this breaks right now drops down to 25 20, maybe even back to 25.. You move on for small profits so that helped guide you through that idea of when to move on and when to stick with the idea. So above v-web let them work below view app move on and ultimately that doesn't really matter where your stop it or where your entry is hey, maybe you, maybe you were a little late and you bought it 25.

40.. Okay, so well, let me bounce off of you quit bouncing i'm trying to make a point. Let's say you bought it: 2560, okay and you're currently red. I would still be letting this work until it wrote v1 because the trend hasn't changed.

Yet you might say. Oh i'm red move on, but when you're talking real stocks and swing trades understand these are different than pending signs. You know: listen if you're red on a penny stock move on okay! If you, if you're trading, some 60 cent pump and dump that's at a buck 20 and it pulls back, five cents run away as fast as you can. But ford you got to understand.

Elgo's trade view app big traders, trade view app hedge funds, trade view app and, if you're panicking out or you're making a bad de if you're exiting above vlab, you're, probably out too soon. Vice versa, if you're not exiting below you app, you know you're right, you're, making a terrible decision. Okay, ultimately this, like i said this thing cracks right now and you're still in it. Well, i don't care if you're in it, 24, 80 or or 26 or wherever you are sellers are in control.

You look at the overall market continue to make lows. You got to recognize that so all right everyone, hopefully that's it helpful, and i really really do mean this when you're talking hot sector momentum stocks that everybody's in love with use vlap as a guy because, hey i don't know, actually drop me a comment below. What's for that today, i mean this: video probably will be released for a couple weeks, maybe a month four could be at 30 by the time you're watching this video and if you sold because of one red five minute candle and you panicked in a real stock. Remember different than penny stocks is a real spot, then you're leaving money on the table so all right everyone - these are all more, i wouldn't say advanced concepts, but these are a lot of the ideas we spend a lot more time on in the steady trade team.

Click the link below two webinars every single day. I answer every question and we cover it all: real stocks, penny stocks, uh crypto currencies order, types, sec, filings, technicals fundamentals; we go over, it all check out the steady trade team and i'll see you next time.