The Swing Trade Wins Continue
What a week for swing trade wins! We continue to remain on fire. I got so many messages from you all on OCN. Congrats to everyone who cashed in on that trade alert. The swing trade alerts have been hot. We saw 66% accuracy, or 2 winners and 1 loser this week. The trades are detailed below. Remember, for those of you that struggle with the losers or coping with their reality, the best piece of advice I can give is, treat your winners like income and your losses as expenses. When you are trading, you are running a business. As such, you have to understand, accept, expect and embrace losses. It is the nature of the beast.
My favorite trading + sports reference to use is, “base hits win ballgames, not home runs.” If you play smart ball, you will be around long enough to get a home run, but you don’t set out to do that each at bat. Trading is no different. Unnecessarily taking on risk in a non controlled way is what gets accounts blow up. Being risk adverse and making conservative decisions, like choosing a base hit over swinging for the fences, is how any good trader remains alive in all market conditions. When you see the shark eating the seal, it’s because he knows he can eat a seal. If you see sharks attacking bigger whales or bigger sharks, he may end up biting off more than he can chew. Don’t be “that guy.” Check out the trades and video below!
Trade Alerts for week ending October 7, 2016
AMAT– Alerted buy on Sept 29 at .70. Alerted sell on Oct 03 at .95. +30% in just a few days.
GD– Alerted buy on Sep 30 at 2.20. Alerted sell on Oct 07 at 1.55. -30% on that as there was just no resolution.
OCN- Aleted buy on Oct 03 at 3.72. Alerted sell on Oct 4 and Oct 6. +6.98% in just a few days.
Swing Trade Recap Video