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,