Hubert Senters here.
Let’s take a look at the bonds so I did a trade in front of hundreds. Actually, it’s a little over a thousand of people last night on the webinar and because GotoWebinar like 15 people extra people in there.
I place the trade on the 30 year bond and I got stopped out which I’m totally fine with but some people think that I’m going to freak out about or they freak out about it like oh, my God, that trade went against you and you lost $156.
Yeah. I place the trade and went to bed. And I had a stop-loss and I had an open target. The way I got the trade design is I’m willing to risk the $156. Let me show you how I handle that type of stuff.
And how I think about it and why if you do the wrong thing it can potentially break you mentally and then it will physically destroy your trading account.
So first off I’m already short, the 30 year, the 10 year and the bund. So the trade that I was doing last night was just an addition to what I’ve already got going.
Let me show you what I’m talking about. So I’ve been showing you this trade here in the 10 year note and today I was up a max of $2359 but it pulled back a little bit.
Now, I’m only up $1859. In the grand scheme of things it’s not a big deal. I know where my trailing stop-loss is.
I know that this is not going to turn into a loss because I’ve got a trailing stop-loss. You see how this goes right here down, up. I know it’s going to bounce here.
Now, when I placed the trade last night I placed it according to my rules. You see where this is all red right here. Red. That should give me added insurance that will probably go down.
It doesn’t mean it will. It just gives me added assurance like hey, all the multiple time frames are now going down. I should be okay to short it.
But it’s not always going to be the case. That’s why I use a stop-loss. Now, once it changed from red. You see this little yellow dot right here and went jump above the 10 minute time frame.
Well, when a 10 minute time frame gets a long it means that’s thing is going to be good. A good long for at least three to five hours.
And then if it continues on the three to five hour run you might get an hourly buy signal which is what we got in the middle of the night.
When you have that happened then I know for the next three to five days this bad boy is going to bounce and it’s going to bounce pretty good. I’m still totally cool with that because I have another trade in my back pocket.
So what I’ll do is can potentially go in the long direction only intraday. I’m not going to hold it overnight because I don’t know if it’s going to last five days and I still want to stay on that overall direction on the daily trend which is pushing down.
So then what I look at is doing a potential sneak attack first thing in the morning and let me show you how that helped potentially get me out of some of that lost that I had overnight.
So here is a snapshot of the sneak attack. I’m going to make it to the right side of the screen because that’s the 30 year bond. I’m going to grab this right here and show you this right here.
So on the one trade where I was asleep and lost $156 and it happens. It happens to the best of us. Here you can see here is a potential long. First attempt didn’t go well but you’re only risking five ticks there.
And then target one, target two and that will put you in the breakeven territory. Now, I’m not going to hold that very long. I want to take that fairly quickly off the table because I don’t believe the bonds are going to skyrocket up.
I think they’re going to bounce for three to five days according to the multi time frame analysis and I’ll deal with it. And I’ll re-short when it rolls right back over.
Last night’s webinar was so popular that a lot of people got locked out of it so I’m going to do another live webinar tonight at 8PM Thursday, April 1st. I know this is not April fools joke so I’ll see you then.
I’ll send out if you give me your telephone number. If you can register right here then you give me your first name, email address and mobile phone. I’ll send you automated audio call an hour before and then 15 minutes before and then I’ll send you text message to just let you know.
If you’re anything like me you probably signed up for all kinds of stuff and you forget when you signed up for it so it’s a general reminder.
At anytime you want out all you got to do is hit stop on you text message and it will take you right out of.
Good luck. Hope it helps. I’ll see you tonight at 8PM EST.