TRADING TIPS

Is GE a Good Buy Here?

Hubert Senters here. I had a viewer asked about GE. I think it is a decent enough place to buy it. I mean I guess technically no but I mean if you’re just bargain, shopping on cheap stuff. Yeah, GE probably worth it as far as that goes. I personally would not buy it until it broke above the cloud. And I would actually zoom in here and say it would have to break above the cloud and also close above $15.61 there it’s going and it’s trading at $12.35 $13, $14 $15. You have only $3 on the table in order to see if that follows through. Yeah, $3 is nothing as far as a P&L goes. Now, if I miss $3 but if I write it for 20 points higher or for $15 or $10 that $3 is not really going to matter too much. And when you’re when your bottom fishing you really want to know if that’s the dead low. And you’re never going to be able to buy the dead low down here and sell it the dead high, that’s fantasy land, that’s unicorn tears and fairy dust. I’ve been trading for 25 years. I think I’ve done it maybe six times and I think five more accidents so be careful and trying to bottom fish for dead lows and sell at the top tick high. It’s very hard to do. You’re better off sticking to your plan and trading your plan according to the way you designed it in the first place. I’ve been asked to speak at the Wealth365 summit. That is going to be taking place next week October 8th to October 13th. All you have to do is put in your first name, email address and optional telephone number and hit that big yellow button right there. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.  

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