Hubert Senters here.
Let’s take a look at AMD. This is just a recap of another video what we’ve done in the past where I was talking about a risk reward ratio if you were so inclined to get long some AMD. I thought it looked like a decent trade on one of our scans and then you’re seeing here a long.
In this area there was our stop target one, target two in that area. So you rapidly approaching this third target of $43.34. It looks like it’s going go higher. So once you get up or you have to decide are you going to keep it through $43.34 or cut it loose?
My opinion on the matter is if that was your goal in the process I would cut at least half. And if you’re really aggressive three quarters of the position off but cut at least half the position off bank some because you never know what’s going to happen.
This is the markets and all crazy risks. Now, you can keep the other half and then you can ratchet your stop up to something that you’re cool with and that’s how I like to play the game. There are many ways to play the game.
There are some probably half a million that ways to make money in the market probably half a million ways to lose money in the market. So you got to figure out like what you’re into and how you like doing it. What’s your secret recipe your proprietary algorithm or what’s your secret sauce for doing this.
So Ron which Ron’s a good guy, I’ve had lunch and dinner and drinks with him before, really solid guy. He’s going to be doing a new workshop. ‘’See the top 10 Stocks for the Year-End.’’ It’s a nice little play. I’ve done this before in the past. Watch his webinar. Grab a seat. Let me know how you like it. I’m going to HYPERLINK you over to the registration page.
Good luck. Hope it helps. See you on the next video.