Watchlist/Open Trades Update
SEED: Still above our stop. Staying in.
MTL: Time to exit at a small profit.
PBF: Down today but staying in.
PBF: This is a Double Dutch trade. It’s had some explosions and settled nicely on a support level. Buy it at $10.10 or better. Target is at 13.50 or higher and a possible stop level is 9.37.
AEHR: This is a Matador trade. It’s making a new high. We’ll hold it for 24-48 hours (as we usually do). Buy it below $9.80.
MTL: This is a Hanging Bear trade. It’s a red bar that’s gapped above previous prices. There isn’t enough Open Interest so we’ll try to Short the stock. Go Short between $4.15-$4.20. We’ll hold it for 24-48 hours (as we usually do).
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 gives us.
Telegram / Phone updates:
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.