Well, welcome everyone. This is Rob, founder of WealthBuildersHQ.com, and welcome to this edition of Trade with Rob, which is for December 8th, 2021. Year’s coming to an end baby. Now the market’s just closed maybe a half an hour or so ago. So let’s start off with the S & P 500, keeping in mind that everything we look at today is for educational purposes only. Nothing is meant to be advice or recommendations.

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So with that being said, let’s go, all right. So, S & P 500. So what happened? Man, we are in a strong bullish, turn, as in the last two days, I mean, it rocked what a gap up. Gap and go, I mean, it was just big gap, big run today. Overall strong directional bullish market. We’re not true bull on our moving averages yet, but another day, you know. If we pull back tomorrow, we can see a bullish moving average shift, so I’m not too worried about it.

All right. So with that, the candidate we’re looking at today is ZS. We’ll map out the Fibs. We’ll discuss what’s going on.. So here’s our V bottom. Nice bullish thrusting, slow and steady wins the race. There’s the move back to the .236, excellent pullback, hesitation level, which is .236. And, we got a break out of the zero. We ran, man. We ran right up here to the – .618, pullback, and the last couple of days as the market’s been crashing down, so did at ZS, Just gave way. So let me clear off the markings. Let me bring it in a little bit so we can get a better view of what’s going on here.

So now here’s what we’re going to look for. We’re going to look, in an ideal world,You either want A) a pullback, doesn’t have to come all the way down to the Fib line, or B) a small move to the upside, a big move up. The trade is over. We don’t take it. Okay. We pass and look to see if it sets up another day. So in an ideal world, looking for a pullback or a small move, and then a bounce on that pullback or small move is just a small move. You have to decide which way fits your own personal risk profile and risk tolerance. I like pullbacks; that doesn’t mean that’s what we always get. If we take the trade here for me, what I recommend is you take at least two contracts, two X, and that’s how we trade them is two contracts. And here’s why. We’re gonna look to try to get a runner out of this and try to get an additional ,ove, two line move out of the trade. And what we’re looking at is this: we’ll take two contracts, let’s say right there, that’s the entry. We will immediately put target one is 307. One X means one contract at that target, not Y one X. S one is stop one, but that will be for two X. Wait two on the stop, one on the target? Yes, because we make it up to our target, the stop is going to cancel. Then we’re going to do is we’re gonna set target two at 326, also for one contract, but we’re going to put our stop just above breakeven. What does that mean? If we got in at 295, then you’re gonna put a stop on this at 296, 297, 298, somewhere above that, 295, somewhere above (and 295 is not the number, just if) somewhere above where you got in.

So if it does pull back, it may cost you a little bit, even if it does go against you that way, it may cost a little just by volatility, flip theta burn and so forth, but you’re not gonna get your head handed to give too much of the trade back. All right.

So that’s our numbers. That’s the plan. And I’m sticking to it. Stick with the rules. Don’t change. ’em, don’t think about it. Don’t pass go. Don’t collect $200. Follow the dang rules for the best results.

All right. And gentlemen, there you have it. Make it a profitable day. Stay focused on the quest to becoming a great trader. Keep crushing it. And remember, you’re just one trade away question of the day. Go ahead and put down below what stocks are you looking after tomorrow! I’ll talk to you soon. Take care for now. Bye.