TRADING TIPS

Antonio’s Question about Cannabis Stock

Hubert Senters here. Got a question from Antonio. With yesterday’s gap up on Canopy stock (Cannabis) is this another possible bracket trade? Antonio, let me go grab a chart brother. Yes. It is a bracket trade. So one, two, three days ago. Yup solid bracket trade. And now, it’s all going to depend on how you’re going to execute this trade. If you’re going to look for a trade above $31.80 you’re already long. If you’re looking for a close above that you’re not in it yet. Same thing to the short side. If you’re looking for a trade below that’s close. I mean we’re splitting hairs at that point. You’d have to be really on that one. It’s definitely not a close below either the short at $29.39 or the long at $31.80. You’re waiting for a close if you’re going to swing trade. Now, if you’re going to intraday trade obviously you can get away with the trade above as opposed to close above. It really depends on your risk factor. It sharpen both ends so you just got to be careful. I’ve been asked to speak at the Wealth 365 conference in 9 days 16 hours 36 minutes and 7 seconds. Obviously, it will be different when you’re over there. My topic is going to be ”How to Find New Trend Trades in Two Simple Steps.” I will HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.

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