Watchlist/Open Trades Update
ASXC: We’re still in this trade. Not looking great today but not at our stop level.
SOLY: This is a Double Dutch trade. It exploded and settled nicely near a pivot. Buy it below 17.82. Target is 23.00 and a possible stop level is 15.50.
IMKTA: This is a Matador trade. It’s making a new high. We’ll hold it for 24-48 hours (as we usually do).
KDP: This is a Hanging Bear trade. You can buy the Apr 16 $35 option for $0.90. You can also short the stock at a price of $34.80. We’d love to see it fall down to 34.00 and our stop level will be above the high at 35.00
Note: We won’t always get a setup in each method. Hanging bears don’t come around constantly, for example. We’ll just take the setups the market give us.
LESSONS AND MORE:
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.