Review of Jake Wujastyk's X Subscription

Jake Wujastyk's X subscription service delivers technical analysis-driven trade ideas, focusing on Anchored VWAP, volume by price, and support/resistance levels. He provides swing trade setups, monthly watchlists, and high-conviction trades, catering to traders who prefer short to medium-term strategies. The service emphasizes precise entry and exit points based on institutional volume and key price zones.

In the bustling world of online trading communities, Jake has carved out a niche with his subscription service on X. His approach is grounded in technical analysis, with a strong emphasis on Anchored VWAP (AVWAP), a tool he learned from Brian Shannon, and volume by price. Let's take a closer look at his methodology.

Technical Analysis at the Core

Jake's trading strategy revolves around identifying chart patterns, support and resistance levels, and key technical indicators. Besides AVWAP, he occasionally incorporates RSI, MACD, and PPO to gauge market momentum.

• Support and Resistance Zones:
  • He highlights critical price levels, indicating potential entry or exit points.
  • A break of these zones often signals a significant shift in market sentiment.
• Volume by Price:
  • This is a cornerstone of his analysis. Unlike traditional volume analysis that focuses on daily volume, Jake examines where the most trading activity occurs at specific price points.
  • He argues that this approach provides a more accurate picture of institutional interest, as it filters out noise from news events that can distort daily volume.
  • Volume Shelves:
    • He uses the term "volume shelf" to describe a support area between two high-volume price zones.
    • This concept suggests that prices tend to find support on these shelves, providing potential entry points for long trades.

Trade Ideas for Different Timeframes

Jake offers a variety of trade ideas to cater to different trading styles:

• Swing Trades:
  • These are short-term trades, typically valid for 1-3 days.
  • He focuses on a core group of stocks, including major indices, tech giants, and select growth stocks.
  • He provides daily updates on these stocks, highlighting any changes in their technical setup.
  • He also occasionally does live sessions, especially during times of market stress.
• Monthly Watchlist:
  • At the beginning of each month, he publishes a watchlist of potential trades with longer timeframes (weeks to months).
  • These ideas are based on weekly or monthly charts, providing a broader perspective on market trends.
• High-Conviction Trades:
  • These are his most confident trades, often involving higher risk and potentially higher rewards.
  • He explicitly states when a trade is high risk, such as those held through earnings or involving beaten-down stocks.
  • He often uses option contracts with longer expiration dates on these trades.
  • He also shows the size of his entries, which are usually large.

Who's This Service Best For?

• Swing traders who can dedicate time to reviewing charts and tracking market movements.
• Traders who appreciate a technical approach to market analysis.
• Those who are comfortable with higher-risk trades and can manage potential losses.
• People who have time to consistently review his analysis, as missing some could cause a trader to not see the value.

Testing the Service with Minimal Risk

• Start by following him on X to observe his free analysis.
• Consider subscribing to his service, which is inexpensive ($14/month).
• His service has grown rapidly, which shows that many people find his analysis to be of high value.