TRADING TIPS

MU Stop and Targets

Hubert Senters here. Question from a viewer I’m long Micron Tech around $50-ish where do you think it’s headed next? Overall, it’s good. It’s above its regional cloud breakout so that’s cool. I would go ahead and sell half if I was long this thing at $50. I would sell one half of my position and I would bump my stop up to either $58.97. That’s exactly what I would do. I would do that. I would bump up the stop. I would sell half and bump the second half of my position trailing stop-loss and go slightly lower. I’ll go $58. Let’s go $58 even and that’s what I would do. Now, as far as targets where I think it may go next it could potentially. I’m not going to be able to do exactly right. I think it will go to $70, $73 and $76. Trade Thirsty is doing a webinar Wednesday, December 2nd at 7PM EST with JC Parets. The construction of the 2-to-100 Club: How to Find the Next $100 Billion Stocks. So I bet you what he’s going to be talking about is how to grab a stock that’s trading at 2 and write it to a 100 if I was guessing. I have met JC before in Vegas. He seems like a nice guy. I’m going to HYPERLINK you to this registration page. CLICK HERE TO REGISTER, a 100% FREE ONLINE WORKSHOP and that it will register you for the webinar. Good luck. Hope it helps. See you on the next video. Hubert.  

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.