Wall Street Secrets Unveiled

Welcome back to STP Algo Trader User Blog!

Each week, we'll bring you a unique perspective from a team member or STP user, detailing how they use the platform to power their trading.

We aim to demonstrate Signal Trader Pro's many use cases for everyday investors.

If you’d like to contribute a piece, please email us at [email protected] or just let us know in the WhatsApp! group.

Even if you just have an idea for a blog, we’d love to hear it.

Now, let’s dive into this week’s issue, brought to you by team member and amateur trader, Jessica Cadby.

One thing Enrique, one of the gurus behind STP, said that really stuck with me is this - he learned more from his time on the trading floor of Wall Street—and from reading his now-recommended book list—than he did attending renowned Wharton School of Business.

Yes, that Wharton - the one Warren Buffett went to.

While I can’t follow in Enrique’s footsteps of being on the trading floor of Wall Street, I do have access to the strategies Enrique built from his experience managing billions of dollars through the STP Algo Trader series: The Method.

Each one feels like a masterclass. Not a generic “intro to finance” course. I’m talking about real-world, this-is-actually-helping-me-become-a-better-trader kind of material.

Sure, I don’t have access to all the data the STP proprietary software uses. But thanks to the breakdown in strategy, I’m learning how to spot high-probability setups using the same core strategy Enrique developed managing billions on Wall Street.

Which brings me to Uber Technologies Inc. (NYSE: UBER).

Everyone knows Uber—and most of us have probably used it. For me, this is a company I know well and love. What I appreciate most is how it's made affordable transportation more accessible in less densely populated areas.

Growing up in Phoenix, public transportation was... well, basically nonexistent.
In Arizona, a car is an absolute must if you want to go literally anywhere. Sure, there were taxis—but they weren’t exactly practical. I never even used one. If I needed a ride, I’d be looking at a 30–45 minute wait.

And as someone who tends to underestimate time (optimistically, of course), calling a taxi 45 minutes in advance just wasn’t happening.

(Side note: I recently read that people who are chronically late share a common personality trait of being optimists, overestimating what they can get done in a certain amount of time. I now leave a 15 minute buffer…)

Anyway—Uber changed the game.

Their lower wait times and flexibility were a total upgrade. So, when I saw Uber’s stock gap down, it caught my attention.

From my personal experience with the company, my gut told me it was a buy. But I’ve learned better than to let me feelings dictate my trading… so I did some strategic research based on what I had learned thus far.

First, I went to my brokerages (E-Trade and Robinhood) to do some digging.

UBER stock had strong fundamentals with a large market cap of $183.5B. This company wasn’t going under any time soon.

Green flag #1.

The stock was also in an uptrend.

Green flag #2.

The RSI had dropped from the 70s to the 30s – which let me know it went from being overbought to now oversold.

Big green flag #4.

Next step was to find out why the stock went down, and what analysts were expecting for the stock’s future.

I hopped on to my Seeking Alpha account to see what their analysts had to say and why.

They were almost all rating it anywhere from “Buy” to “Strong Buy.” UBER stock had dropped based off what seemed to be “noise.” The reasons didn’t seem compelling enough to justify the drop, nor to continue a decrease in share price.

On the contrary, analysts pointed out Uber’s growth potential was very strong for a number of reasons. A couple reasons that hit home for me included expansion in suburban markets and forming strategic partnerships with third parties like Waymo.

Green flag #4 and #5.

So, I jumped in.

A couple months later the stock was back above the 50-, 100- and 200-day moving average with a high RSI so I cashed out for a 23% gain.

Trading isn’t always enjoyable, in fact – I find it is often hard and sometimes quite painful. But this one was fun and incredibly satisfying. And this is a type of trade that you can find too!

I’ll be the first one to say – I have a lot more learning to do, and I am far from a trading expert.

Utilizing all the tools STP provides though, gives me glimpses into what my future may hold if I stay at it.

And that’s a future I’m excited about!

Have you incorporated any aspects of STP’s strategies into your own? Which resources do you use when researching stocks? Drop a comment or let me know in the STP WhatsApp group chat and let’s connect!