TRADING TIPS

Question from Micheal about AMD Bracket Trade Orders

Hubert Senters here. Got a question from Michael. I listened to Hubert’s bracket trade concerning AMD. He listed the brackets as 69.90 and 64.40. Would Hubert recommend entering a buy stop order GTC and a sell stop GTC order when he announces a bracket trade recommendation? Thanks. Michael. So yeah, there’s no problem with that as long as you’re ok with knowing how to execute your actual orders that you just talked about in GTC because some people get confused on them. The trades that I was looking at AMD bracket was obviously right here. Fairly easy to deal with. You just go right here and bracket right there. And then you got a bracket right there. If you’re going to do a GTC that’s fine. The only problem with is sometimes what will happen to you, you just have to be ok with risk. This can get filled and that can be stopped out but that’s the risk that you’re dealing when you’re doing this type of trade. So you should be ok with it if you’re doing a bracket trade. You’d be long at $70-ish, $69.95 and the stop would be $64.05. Yes. The problem is you may have this happened if you’re doing enough bracket trades you get filled on this one and then get stopped out and then you get filled on this one and then get stopped out. It’s a lower percentage lower odds if that happening but it has happened to me in the past and I just want to make you aware of it. If you’re not comfortable with that potentially happening to you what you could do is on the bracket trade is above the cloud. I just want to do the long side at $69.95 and place my stop down there. In that way you’re pretty much guaranteed it only have one trade fulfill at a time. But you can do both. It’s fine. I do it all the time. You just have to be ok with the risk. Mark Helweg is doing a special webinar tonight on ”Finding Explosive Trades with the SVS Strategy…How To Find Trades Like a Sniper!” Wednesday July 29th. You can read the bullet points here on what he’s going to be covering. I’m going to HYPERLINK you to that. Good luck. Hope it helps. See you on the next video. Hubert.

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