Watchlist/Open Trades Update
Let’s talk trades…
TRXC: A double dutch trade (99% anyway). We have everything we like except for one small thing. First, we have a big move up and, second, we have price settling on a pivot level. We’d love a bullish candle and we got one…until the most recent bar turned red at the end of the day. I still like this trade. If you bought now, the stop could go below the pivot at 3.35 and the target could be back up at the high at 6.94. Or you could wait for a bullish candle.
JCS: This is a hanging bear trade, but we can’t quite trade it like we want to. It doesn’t have options. But, if your broker has shares to short, you could short the stock and do like we do for the Matador–hold it for 24-48 hours. It’s a beautiful setup. I couldn’t leave it out of the signals.
VIAC: This is a Matador trade. It made new highs on a bullish bar. I’d love to hold it for the next 24-48 hours. If you wanted a stop, it could go under the recent pivot level around 64.54.
FLNT: And one more double dutch because JCS isn’t exactly the way we want it. We have our big move up and a nice settling down on a pivot level. We also have a bullish bar. We’re shooting for 8.50 with a catastrophic stop below the pivot at 5.43Love you all, thanks for being here.
LESSONS AND MORE
Telegram / Phone updates: We are working on phone alerts for you, and we will create a Telegram Messenger channel before Feb 10 (probably much sooner). Please be patient while we get that up and running. In the meantime, download the Telegram Messenger app to your phone. Link here for the app.
What is a Matador Trade? Watch this video
What is a Double Dutch Trade? Watch this video
What is a Hanging Bear Trade? Watch this video
How to Find Hot Stocks, Watch this video
Ok happy trading and see you soon
Daily Profit Publishing and Rob Booker do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor. We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.