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CVS Follow Up

Hubert Senters here.

Let’s do a follow up video from yesterday. We were talking about a bracket trade on earnings on CVS. As you can see if you did the trade properly today you are slightly up. If you did an Intra-day execution if you did a close below the line you just got fill because the market just closed.

So the bracket trading is long above $65.24. The bracket trade to the downside would be short at $62.27 or below. Now, there’s three different ways you can handle this one trade, one tick below $63.27 which would be $63.26 obviously. Or you can wait until the close which today would be $62.35 so obviously one, there’s a fudge factor of about 35 cents or depending on. I did the math wrong. It’s $62.35 minus $63.27.

The difference is the difference in the trade so just do the math if you want to. In this case scenario it would be better if you did an Intra-day trade right at that line. Now, if you’re doing a swing trade then obviously you’re going to have to wait for the closing at $62.30 or you can do the open at tomorrow.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

Waiting for a Fill

Hubert Senters here.

Let’s take a look at a follow-up video that we did yesterday on Garmin. So the bracket trade is still in effect. You should not have had a successful fill on either one way or the other. Sound like a politician on it. The long is still pending at $83.45.

The long looks like it’s going to be a better trade just because the price action is actually holding up here halfway decent down here on the short side $75.47 so far within the last 24 hours we have a no trade open bracket orders if you will have them pending but you know in this game right here at all time patience just need to wait for it to happen so sit back relax and wait for a fill.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

CVS Bracket Trade

Hubert Senters here.

Let’s take a look at CVS. Another earnings bracket trade with a gap associated with it. Keep it nice and easy here. Don’t over complicate it. Tomorrow if it trades above $65.24 decent long. If tomorrow it trades below $63.27 that’s a decent short.

Now, lots of times it won’t do it the very next day. It may take three to five days before it breaks out that range but just monitor this. Put an alert on these horizontal lines and then trade accordingly.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.

GRMN Bracket Trade

Hubert Senters here.

Let’s take a look at Garmin, GRMN. Hard to borrow in TradeStation which means would be hard to short and that’s okay because it’s got a massive gap. One of the biggest net gainers today on the S&P.

Earnings bracket trade set-up for tomorrow will be as follows. Now, I’m doing this video at 2:41 so it could slightly change but a long above $83.45 or a short below. I want to zoom in here. Having issues with my zoom.

A short below $75.47. Pretty simple set-up, $83.45. Price above that one penny or a slightly above whatever you go with will be a long a short $75.47

Good luck. It helps. I’ll see you on the next video.

Hubert.

PG Boring but Profitable

Hubert Senters here.

Let’s take a look at Procter & Gamble. Symbol is PG having a pretty good day up a dollar $52 on a hundred dollar stock. It’s not too shabby. Almost exactly $199.99. Looks good. Next potential target for a parking area would be like $105 and then after that $110 add it to your watch list if it’s not in your watch list it should be.

It’s acting really well and even with all the crazy stuff that we’ve had with the markets it handled it really well. It’s boring but a lot of times boring is good enough. Like you don’t always have to be trading the sexy stuff like Netflix and Tesla and Amazon and Google. Sometimes you can buy stuff it like $80 bucks and it goes to $19. You can actually sleep at night.

With that being said you need to learn how to use risk reward ratios correctly in order to beat this game because heads up, if you think you’re right more than you’re wrong in the trading business you’re probably not calculating it correctly. I don’t know a ton of people that are more right than they are wrong. It’s very few people and then it’s streaky at best.

Like sometimes they can get on hot streaks sometimes it last you know a year, two years maybe some people get lucky enough to have it for a decade and you can build a really good career after that but for the rest of us mortals out there. We’re usually more wrong than we are right.

That’s why it’s very important that you have a good risk reward ratio so you don’t burn through all your cash when we have more of those webinar tonight. Click the BIG YELLOW BUTTON. It’s going to be Tuesday February 19th about risk reward ratios.

Good luck. Hope it helps. And I’ll see you on the webinar.

Hubert.

The Fear Gauge is Rising

Hubert Senters here. We had a jump in the fear gauge today which is gold so gold's up $22 as of the recording of this video. Now, if you're a futures trader just trade the gold contract. Best way to do it in my opinion. You get more bang for your buck plus if you're...

EQIX Follow Up

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ANET Bracket Trade

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EQIX Bracket Trade

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VMC Bracket Trade

Hubert Senters here. Let's take a look at some more earnings bracket trades or news announcement bracket trades. You trade them all the same way. Here is one VMC. I'm going to do the bracket for you really quickly. I'm eyeballing it. Above $114.82 will be a long below...

MU Double Dip Buy

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HD Long with Targets

Hubert Senters here. Let’s take a look at Home Depot. You've got it above the cloud 11 days and the lagging line is about to confirm that it's a good long. Now, depending on your style. One day would be an aggressive long and you're already in the money after that...

LULU About to Make a New High

Hubert Senters here. Let's take a look at LULU. One of the bigger net gainers today and it's actually acting quite well. Now, you're going to have a little overhead resistance right here in the $163-ish area but after it clears that I see no reason why it can't go to...

COTY Sell At Least Half

Hubert Senters here. Let's do an update on the COTY bracket trade on earnings. If you did it at either $9.37 above that or if you did it yesterday at the close at $9.70 because that's the close of that bar you woke up this morning to a big gap up when that stuff...

Move ATVI Short Target to 20

Hubert Senters here. Let’s take a look at Activision, ATVI. Got a nice little breakdown on the scan today. Looks like it's got more room to drop. Probably as low as $20 maybe even $30 to $20 that’s what I was trying to say. Sorry. Got a little tongue tied there. But...