TRADING TIPS

APA Bracket Trade

Hubert Senters here. Let’s take a look at APA, Apache Corp. potential bracket trade for tomorrow. Inexpensive little stock here so most people can afford it so that’s cool. If it trades or closes above $16.64 that’s going to be a long with a hard stop around $15.33. If it doesn’t do that obviously don’t do anything. Now, if it trades or closes below $15.33 that will qualify as a decent short with a stop of $16.64. So bracket trade pretty simple for everyone to understand. You’re waiting for a gap to happen. You don’t know why it happens nor do you care. It’s usually earnings. And then you just let it trade that day and then if it breaks out that range to the assumption the theory here of the strategy is if it takes up the high it’s going to substantially higher. If it takes out the low the range is going to go substantially lower. Mark Helweg’s got a special webinar tomorrow Friday, July 31st, 12PM EST. ”Finding Explosive Trades with the SVS Strategy…How To Find Trades Like A Sniper!” I’m going to HYPERLINK you to the registration form. Good luck. Hope it helps. See you on the next video.

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