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 happens I highly recommend that you sell at least one half of your position and sometimes three quarters depending on your risk profile.
Then at that point you can trail the stop-loss on the remaining part. But this is a gift when you have a big gap up like that in your direction that you’re already long sell half of it because you don’t know how long that gap up is going to hold. You don’t know if it’s going to do a 50 percent retracement or a full retracement.
And heads up, I’ve only done this a thousand times. Well, probably more going. Now, what I can do is I can buy that new thing and you start spending your money before you’ve even cashed out your trade so don’t do that. It sucks. It’s painful. I know you’ve done it to go ahead and sell at least half of your position and then trail your stop-loss on the rest of it.
This is the only bond trading webinar I have scheduled for this week. We do not have one scheduled for Friday at all and we don’t have one set up for next week that I’m aware of so how to make $6,281.25 in just 10 days without risking more than $312.50. Click CLAIM MY SPOT. You can read the details here on the stuff I’ll be going over. It’s going to be Wednesday, February 13th at 8PM EST.
Good luck. Hope it helps. And I will hyperlink you to this form.
Hubert.
