Hubert Senters here.
Had a question from a viewer. What do you think about Carnival Cruise Lines? Well, I don’t think they’ll go bankrupt so as far as that goes I just look at it as a pure risk reward ratio.
Now, if you’re a longer term investor it’s probably not a bad bet as a technician. It’s pretty simple.
All you’re going to do is go higher where its low at there its most recent low which is around $7.81.
If they file bankruptcy probably goes to zero and then you’ll lose the $7.81 on the trade. So where can it potentially go to? I don’t think it’s going to go bankrupt but you never know so we’re going to trade the technical and not worry.
From this high to this low all you have to do is if I’m going to go long here at the rate of there’s trading at $10.21 my potential target would be $30. Your potential reward would be $$20 or 20 points. Your risk would be from $10 to $7 so you’re risking $3 to make $20 that’s a good risk reward ratio.
Now, if it goes to zero you’ll lose all your money and you’d be host. But anyway, that’s the way I look at it as a pure tehcnical play so in other words if you went long at $10.21 the risk would be that most recent low around $7 or so. And your potential target would be $30. Not a bad risk reward ratio. It probably would take away for to play out and if they’ve got an infusion from cash and if the government comes in and fathom all that good stuff it will sky-rock to higher
So that is my thought process on Carnival Cruise Lines. Trade Thirsty is going to be posting a special webinar tomorrow ‘The #1 Trading Hack for Max Gains.’ It’s a cool piece of technology.
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I will give you a run down on that so. On all of my stuff that I deal with in the futures markets I can put a daily loss limit. Let’s say I want to only risk $200 a day that’s the max I’ll be on the hoop for.
And then my platform will no longer be place a trade. It’s a great thing like most of the trading 98 percent of traders lose money because they can’t protect themselves or they don’t have a plan or just kind of praying.
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Good luck. Hope it helps. See you on the next video.
Hubert.
