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5 Oct

Monday October 5, 2015

by

Good morning.

I made 1 move last week and it delivered +14% +$5,000 profit overnight for us and once again met the primary goal of this service which is flexible entries and exits.

Remember, the Swing Trading newsletter is totally different than the Active Trading newsletter. If you’re looking for a daily watch list, regular video lessons and a chat room, the Active Trading newsletter is where it’s at. But if you’re a busy professional just looking for trade ideas with flexible entries and exits, this is where it’s at.

Here’s my trades since making this a swing trading newsletter with flexible entries and exits.

BAS for +15% +$5,400 8/24 – 8/27

XIV for +8% +$1,950 9/2 – 9/3

GLUU for +4% +$1,700 8/27 – 9/3

BAS for +5% +$2,000 9/15 – 9/16

TVIX for +14% +$5,000 9/29 – 9/30 (short sale)

I’m doing my watch list to start the week instead of midweek because I think today presents a few opportunities I might buy. Here’s what I’m watching for swing trades.

BAS – Oil is starting to turn again and BAS put in a bottom on Friday that should start to turn up soon. I like this above $3, swing for $4, maybe $4.80’s if the trend holds.

GLUU – Overall market pullback has hurt this stock. I like it above $4 for a move to $5. With earnings at the end of this month I think we’ll see a nice trend before then. Price targets around $8 from reputable sources illustrate the discount here. Stop loss below $3.90.

HOTR – Above $1 there’s a really good chance this is a double if it can hold here. Stop loss below $1. Just above oversold even a move to resistance around $1.60 would be a big win. I’ll go small I’m thinking, maybe 10,000 shares looking for $.30 / share or better.

Your Swing Trader,

Jason Bond

 

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8 Comments

  1. moetayel

    What is your stop loss on TVIX JB?

    Reply
    • Jason Bond

      Market is starting to trend down here, if the selloff accelerates TVIX should be profitable today, tomorrow I think so no stop loss in mind yet.

      Reply
  2. martinrhe

    Hi Jason,

    I just switched from active trading. I am trying to gauge your position sizing relatively to the trading account to apply the same % to my trades. Is this a 100000$ account?

    Thanks

    Reply
    • Jason Bond

      I think the rules are the same here, no more than 20-30% of the portfolio in a trade for protection against big mistakes.

      Reply
  3. mgingrass

    How come you did not enter GLUU? It closed today OCT 20 at 4.23

    Reply
    • Jason Bond

      I bought and alerted it for +$1,000 profit.

      Reply
  4. rakdr538

    Re-entered BAS today with first installment. still holding to TVIX according to last update. do you still feel there is a chance for it bounce? Made 10% of RUSS this week, your strategy. Thanks JB. I guess ERY should be a good play soon, watch out for head and shoulders pattern on daily chart.

    Reply
    • Jason Bond

      Ya I like BAS, I have it in the Swing Trading service.

      Reply

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