BenTen's Watchlist + Setup + Trade Examples

BenTen

BenTen

Administrative
Staff
VIP
Before we begin, I just want to go over my general ThinkorSwim setup and my stock watchlist.

Question: Ben, what indicator are you currently using?

Answer: Buy the Dip: Conservative Model (with Aggresive mode enabled)

Question: Ben, what tickers are you looking at?

Answer: I have a main watchlist called "Core" and a speculative/growth watchlist called "Tier 2". You can find all the ticker symbols down below.

Core Watchlist

Code:
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.


Tier 2 (Risky/Speculative/Growth)

Code:
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.

 
BenTen

BenTen

Administrative
Staff
VIP
Trade 1: PayPal (PYPL)
  • PayPal was coming down to one of my support levels. BTD (22) was hovering around the 0 line.
  • 10/30/2020: I started a small position on the 30th of October.
  • 11/02/2020: PayPal reported their earning; they beat analysts' expectations. The stock experienced a bit more selloff before recovering. I took that opportunity to add to my position.
  • 11/10/2020: PayPal pulled back again to my support levels, I added again.
  • 11/24/2020: Took partial profit
  • 12/01/2020: Closed full position
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade 2: Shopify (SHOP)
  • Shopify was coming down to one of my support levels on the Daily chart. BTD lines converging.
  • 11/09/2020: Started a position
  • 11/30/2020: Took profit as the stock coming up to resistance level.
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade 3: Chegg (CHGG)
  • 10/26/2020: Chegg reported earnings. Great numbers. No reason for it to selloff except for people taking profit. I believe it's going to do well even after COVID. I didn't want to start a position yet because it wasn't near any of my support levels. (stay patient!)
  • 11/09/2020: Okay, finally! Chegg is coming down to my support levels. I started a position here.
  • 11/30/2020: Taking some profit here. Leaving the rest for it to run if Chegg decides to break the resistance level and make new ATH :D (it did!)
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade #4: Advanced Micro Devices (AMD)
  • 10/27/2020: AMD reported earnings. Great numbers (that's what we want to hear), the stock is pulling back (that's what we want to see). Now Ben is waiting patiently.
  • 10/30/2020: AMD reaches one of Ben's support levels. BTD crosses below the 0 line. What's next? Ben started a position ;)
  • 11/25/2020: Took profit
  • 11/30/2020: Huge green candle. Took profit again. Closed full position.
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade #5: Coupa (COUP)
  • I've been eyeing this stock for a while. I was eager to find an entry point.
  • 11/02/2020: I started a position as the stock was near my support level. BTD was at 0.
  • 11/05/2020: Took profit after two consecutive gap ups.
  • I basically got lucky here. Didn't have to hold for a long time.
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade #6: Johnson & Johnson (JNJ)
  • $137.5 was a critical support level on my chart. I wanted for the stock price to come down to that level. When it did, BTD also crosses below the 0 line.
  • 10/30/2020: Started a position.
  • 11/16/2020: Took some profit as the stock reaches resistance levels. I'm still holding some left.
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade #7: Data Dog (DDOG)
  • Similar to the CHGG and AMD trades, good earnings + selloff = buying opportunity. We saw this in DDOG.
  • 11/10/2020: Company reported earnings.
  • 11/11/2020: Stock gapped down. BTD crosses below the 0 line. I started a position.
  • 12/10/2020: Took some profit. Still holding some left.
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.



Trade #8: DocuSign (DOCU)
  • 11/09/2020: Stock gapped down and closed the day red. As I recalled, there wasn't anything significant or negative that came out. So, I started a position. If you look closely, the stock was coming down to my support level.
  • 11/30/2020: Taking profit because the stock was going to report earnings that week. I didn't want to risk it.
This content is only accessible to VIP members.
Upgrade your account

Or Learn more.

 
BenTen

BenTen

Administrative
Staff
VIP
I can keep going forever with more analysis, but I rather not because, at this point, it's getting repetitive, as you can see. I will post more trade examples whenever there is something significant worth pointing out.

Key takeaways

This content is only accessible to VIP members.
Upgrade your account

Or Learn more.

 
Tradervic

Tradervic

Member
VIP
Excellent trading!!! Yes, adding to position at the right time is a great strategy!
 
S

stirunel

New member
VIP
Very nice summary Ben!
 
C

cswu1211

Member
VIP
Dear Ben, Merry X’mas. Could you summarize more of your trading “strategy”?
e.g. BTD cross zero line? Do you have scan threads? Tks
 
SugarTrader

SugarTrader

Member
VIP
This is an excellent post. We all know this portal is rather super technical with all indic and scripts. It is so good to have a pratical view on how to use a model/strategy. We should do it much more often. Happy holiday to all.
 
K

kidsadvcate

New member
VIP
Hi Ben, As we go into the new year, would love to have you post what you primarily are using to take trades. What studies/indicators and confirming signals so we can all get the benefit of your trading plan and criteria for entries and exits.

This post is excellent and thank you.
 
Thomas

Thomas

Active member
VIP
I'd like to add, thanks for demonstrating a way to trade this indicator.
 
Last edited:
Ronin13

Ronin13

New member
VIP
Great stuff @BenTen , very enlightening!
 

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top