Hubert Senters here.
Let’s take a look AMD. I did a video on this earlier this week. I do three videos. I do one member video and two free videos. We’ve got two different database as we sent it to so then I can’t keep track which one I sent to because I fire them off and then team sends them off. But anyway, hopefully hope you got that one.
Anyway, I want to walk you through the Bett System on AMD here. Obviously, I want to be long. So on a previous video I was talking about using a Bett above the cloud and then I let the Bett would let us know where the long is where the stop is where two targets are.
Now, in this case scenario I’m using as a bad example not really bad example but how to handle which direction you want to go. I would still want to go long AMD. I wouldn’t want to short it unless I’m Intra-Day and that’s just not my gig on those certain things.
I think you’re better off figuring a direction and then play that so. In this example, let’s go through what we would do. So we’ve got a Bett System here with the smart bars.
And you can see at the open it’s recommending number one above or below the cloud I already know that I look at that and then if the bars are green it’s because you need to focus long so I would focus long.
And then in this situation the buy would be at $42.61. Right here $42.61 and the stop would be the green dash line here called the BuyStop so entry $42.61, stop $42.31. I’m risking through 30 cents not a big deal.
Target one get this $42.86 and so in that case scenario you made 20 cents. And then you lost 30 cents. So it would be net loser of 10 cents. But it’s still got your back. It’s telling you this is the stop that’s the entry that’s target one, target two.
You just have to know how to deal with it in case it does go sideways on you because heads up in trading it’s going to go sideways on you. There are not going to be an instance where you always make money. I hate to break it out to you.
If you think that trading you’re going to be right more than you’re wrong most of the time it’s not going to be a business that you’re going to enjoy most of the time if you think that’s trading is all about like you’re usually wrong more than your right and you have to make sure you’ve got really good risk reward ratio.
But anyway, Mark’s going to be doing a special webinar on this entire strategy. I’m going to HYPERLINK you to the page so you can register for his webinar and show up and see if this type of thing does interests you or if you like the strategy, ‘’Eliminate the Guesswork in Your Trading with this SUPER Simple Strategy.’’
It’s going to be December 18th at 8PM EST. Click the big yellow button to register for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
