Hubert Senters here.
Let’s take a look at a follow up on the Boeing bracket trade. So in this example there’s no trade today. It did not trade above $392. And it did not close above $392. It also did not trade or close below $380 so in this case scenario you do nothing you physically have to wait and be patient.
I know new concept to some of you but you do have to actually have some patience for this game from time to time so you don’t just bust out accounts left and right.
And heads up, you can be wrong more often you’re right and you just lose a lot of money so try to be a little bit more patient if you can. I know it’s hard for some of us and myself included from time to time but next time it trades or closes above $392 potential long trades or close below $380 potential short. Now, here’s how I do it for an Intra-day trade. A trade above is good enough but for a swing trade I need a close to be above or below one those lines.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
