This week I alerted my subscribers to my daily stock pick service about a solid trade setup playing Natural Gas (DGAZ) to the downside. The trade lasted 5 trading days and ended up profiting 14.77% and $2,954 profit!.
This week I alerted my premium subscribers to a setup in Brazil (BRZU) and a possible trade to the downside. I managed to get in on the second day of trying and sold out quickly for a 5% or $1,000 gain. I took advantage of the downward movement in Brazil and traded the inverse ETF (BZQ). Watch and learn how I managed the trade below.
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Below is what my premium subscribers received regarding this trade…
Brazil has just shown a clear breakout signal out of a consolidation. Now, due to the recent volatility, other breakouts have shown to be false, I’m building a small cushion to get in cheaper in case this is a fake.
Here is what BRZU (Brazil) looks like. I’ll take advantage of this buy purchasing BZQ (Inverse Brazil).
Here is where I want in at on BZQ (Inverse Brazil)
– BRZU (Brazil) filled it’s gap today. This is something always to watch out for when chasing gaps down. I got a better fill on (BZQ) due to the gap down this morning. I’m going to allow it to drop about 75% of it’s daily ATR of $4.30 to give it one last day of wiggle room.
Where my protective stop is at in BZQ. I have to give it some room because if this is a final break out to the downside for BRZU, then BZQ could move 15-20% in response.
– Slightly down in the position, but about 2% higher than yesterday. Pushing up my stop in order to limit my losses. Hopefully tomorrow BRZU (Brazil) will make it’s move further downward (moving BZQ up) and bring this trade into a profitable position. Keeping my same limit order. Even though this is a break out to the downside for Brazil, I can’t rely on this lasting long in this volatile market so I’m keeping my profit target in the 5% range.
I didn’t actually close any trades last week, so instead of a stock trade of the week, I thought I would do a quick stock tip of the week.
This week I discuss how I determine my price trade to get the best price. This technique works fantastically for volatile stocks, whereas trending stocks you have to usually jump in almost immediately once you’ve identified a trend.
I use custom indicators in TC2000 which you can get from this post.
In this video, I’ll walk you through the process on determining the best price to enter a trade. This is a huge time saving technique that allows me to quickly analyze my price entry for the 12 markets I track. Enjoy and feedback is always welcome!