TRADING TIPS

NVDA Is Still a Nice Short

Hubert Senters here. Let’s take a look here at Navidea. So as you can see one, two, three, four closes below the cloud which means I want to short this bad boy. So let’s goes through a working example of the Ube, the Ultimate Breakout Indicator so I’m going to flip over here to that tab and I’m going to pull up here a five minute chart. You can figure out whatever timeframe you want. It’s really up to you. And then I’m just going center this in the screen. I’m going to walk you through why risk reward is so dag on important. So when we’re looking at this first, I want to know what my risk potentially can be so the cool thing about this indicator is you’re going to see a couple different ones lined up here. One weird thing about this one is sometimes when you get trade on top of trade you have to move these around a little bit. It’s not a bad thing. It’s not a good thing. It’s just a thing you got to deal with so you can see here in this last trade. We’re going to start with this beginning trade. It paid out 4.5X of my risk. That’s good. I like that. The next trade is telling me I’ve got point 93 of risk gone in ATR as long as it’s below two or three I’m good to go if I want to take the trade. Now, unfortunately that risk of point 93 resulted in a minus 1X so let’s just say $4.5 minus 1. I’m still up $3.5 at this point. The next trade has a risk of $1.15. Like I said as long as it’s below $3 or even $2 is better I’m good to go and I lost $1x again so I’m down to $2.5X. And you go long and then the next trade comes on and you can see this trade on so you had one, two, three. This last one here played out a point eight. It was going around that point one. Now, we’re back up to $3.5. And then you follow a long on this one risk of point 64, target one, target two, target three. This is going to pay out way more than those little itty bitty one ex losses that I just had. Does that make sense? So what I’m trying to do is I’m trying to gauge number one first my risk based upon the ATR in my cool with doing the trade. As long as the risk is below two for me for in this example I want to do the trade. I want a place to trade now winner, loser, loser, small winner. And then this looks like it’s going to be a way better bigger winner may even exceed that 4.5 so I’m not so much worried about being right and wrong because I really don’t care about that. I care about how much money do I make when I’m right and how much money do I lose when I’m wrong. Now, Mark Helweg is going to be doing a special webinar on how to take advantage of this concept that I just shared with you, ‘’How to Trade Minnow Risk to Target Whale Profits.’’ It’s going to happen on October 17th at 8PM EST. I’m going to link you to this page. Click CLAIM MY SPOT NOW to register for the webinar. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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