QQQ & IWM Challenging Key Resistance (video) + Misc. Comments

The US equity markets stopped cold at key resistance levels yesterday while printing some potential reversal candlesticks. This short (10 min) video covers some of the recent developments & key technical level in QQQ & IWM (Nasdaq 100 & Russell 2000 Index Tracking ETFs).

I still have quite a bit of back-end & admin work left to do on the site today but plan post some more info on the subscription service (which I’ve bumped back to Sunday, April 3rd as I’ll be leaving town tomorrow thru Sunday) as well as sending out all the credit vouchers for those that have donated to the site in the past and, time permitting, finish updating all the trade ideas by removing those that have already hit their final profit target or maximum suggested stop. I’ll be in & out of the trading room sporadically today & the better half of tomorrow, replying to emails & private messages at my earliest convenience.

One of the things that I'll be working on today is updating the FAQ page to include questions & answers to membership related questions. On a related note, I wanted to share some feedback that I received last night regarding the upcoming subscription service, along with my reply (edited to omit any personal info):


Randy, I have been impressed by your professional disposition, and your knowledge about market trading. Your reasoning for any official trade provided, successful or not, has been very thorough. Holistically, I have gained quite a bit of knowledge for the process and it is my full intention to subscribe.

Now being a consumer for your product, I have a couple of expectations. First, you need to be proactive when one of your official trade ideas has reached your proposed stop. As it stands when a trade successfully achieves a target (ex: UNG), you post it on the home page and discuss the percentage gain and short time it took for it to achieve that. However, when a trade such as ALK exceeds its stop limit, nothing is posted and usually a question has to be asked from the trading room. We all know that taking losses is part of the process, so the reflection on unsuccessful trades can be very helpful.

Second, I ask that you continue to not press yourself into offering trade Ideas that do not meet your expectations. Hopefully running a subscription service does not subconsciously enable that.

Third, while this is a ”keeping it light” time, I’m hoping that you will let us know when you will personally become more aggressive in response to what you see as more favorable conditions.

As always, I use your information in conjunction with my personal philosophy and take full accountability for my trading decisions.


Excellent points, I can’t agree more. My biggest self-criticism has always been a lack of follow-up or more accurately (as I eventually post all of the stopped out trades, typically in batches, when I re-assign them to the Completed Trades category) is that I tend to forget about the losers & focus on the winners when it comes to follow-up posts. With the site now moving from ”part-time hobby” to full-time or more importantly, a paid subscription service, I agree & do plan to provide more frequent updates on the official trade ideas, winners & losers alike.

On your second point, while I’ll also continue to highlight ”unofficial” trading opps that look attractive, I have started to & will continue to impress upon those interested in my trade ideas, especially those with limited time to trade & follow the markets, to focus on the official trade ideas and not try to catch a piece of every idea thrown out by myself & others in the trading room. There are some very experienced traders there, some with years & even decades of trading experience beyond my own. Many don’t post but I have talked to them via phone or email & know that they find value in the extra analysis & trade ideas that are posted in the trading room. Again, it’s up to each trader or investor to decide what to take & what to pass on & I do plan on emphasizing & focusing on the official trade ideas more so going forward.

Yes, I will do my best to communicate my thoughts as to when I feel the time to more actively engage the market has come. You’ll also notice, over time, that the frequency of the market analysis and trade ideas that I’m posting are typically inline with my level of engagement with the market but again, I will make a continued effort to share my thoughts on that.

Thanks for that feedback *****. I really does help me to solidify & put into action some of the things that I’ve been considering but just haven’t fully implemented.

Best of luck on your trades,


2017-03-08T21:19:55+00:00 Mar 31, 2016 10:11am|Categories: Equity Market Analysis|Tags: , , , |5 Comments


  1. mowens707 March 31, 2016 11:05 am at 11:05 am

    When do I need to subscribe? Can I do so now?




    • rsotc March 31, 2016 11:21 am at 11:21 am

      Hi Michael,
      Later today I plan to post a brief overview of how the sign up process for membership options will work but here it is in a nutshell: As you are already registered with the site (as one needs to be to comment on a front page post, as you have done here), the process will be seamless. The first time that you log in on or after April 3rd, you will be re-directed to a page in which you will have the option to select your membership level (Silver or Gold) as well as the term (monthly, quarterly or semi-annual). Your username, passwords, notification settings, etc.. will remain the same.
      After selecting your membership level & term, you will see field to paste the 50%OFF promo code & the adjusted total for the term that you have selected will be displayed. At that point, you can select you payment method (nearly all major credit cards, from anywhere in the world) & that’s it. Note: Credit card transactions are processed directly by Stripe, a leading online payment processor, via a secure pop-up window. None of your credit card information passes through, nor is stored or accessible on Right Side Of The Chart.
      Additional info on the sign up process will follow but again, I think you will find it to be a very streamlined & seamless process.


  2. schooner March 31, 2016 11:21 am at 11:21 am

    Regarding the comment and Randy’s reply: I think the comment is excellent, right on the money, no pun intended. And Randy’s reply is exactly what I have learned to expect from Randy — honest, never defensive, and always trying to be forthright and instructive in what he says and does. There’s a good feeling here.


  3. Shambo March 31, 2016 11:27 am at 11:27 am

    yes, great feeling on this site.


  4. paceship March 31, 2016 7:34 pm at 7:34 pm

    Yes, I too like the feeling here, Randy has done something that I have not found elsewhere.


Comments are closed.