Hubert Senters here.
Let’s take a look at SWKS, Skyworks Solution. I’ve done a couple of videos about this. It’s very super important why you should always have a list of two things.
Things that you like on the long side and things that you like on the sell or the short side. Here’s why that’s important. Number one you can’t predict the future. You don’t know if market is going to go up or going to go down today or tomorrow. Neither do I or neither does anyone else.
Heads up, now overtime it tends to go up. I mean we’ve been in a bull market for 10 years. It’s a good bet that will probably go higher. But the day to day is always a mix. You never know if you’re going to be up 300 points down 80 up 20 or down 450.
So make sure you have a list of things that are going up and going down so you can take advantage of whichever day is presented to you.
In this example, we’ve got SWKS and then you need to have something that resembles the plan that you can execute on this thing instead of you being a monkey throwing dark to the board.
I’m going to walk you through the prices that I like to go through. First, I’ll scan above and below the cloud or if I’m looking at something that’s above or below the cloud and it was below the turning line is now breaking away. It’s probably going to go higher then I’ll flip it over to my other screen.
It’s not going to look perfect because it’s bigger screen so I’m going to have to resize it so then I’ve got a hyperlink to that one. And then this screen here. I’m just sharing this chart on two and one monitor but I’m stretching it. Let me stretch it here so you can see a lot of it.
So my thesis is, my bet on this trade is I think is going higher. And then I use this it’s called actually bet. It is my bet. It’s the bet system, the bet strategy.
And this is going to give me number one I think it’s going higher selling off only focus on the long side and not pay attention to the downside at all.
So in this case scenario it’s a buy stop after I’m once long and this is a five minute chart so if you’re following this and you were looking at this when the market opened up you would be long at $105.40.
Your stop would be $104.80 so you’re not risking a ton of money there. Your target one is $105.87, target two $106.28 and then you trail the stop-loss on this so I would recommend out a half here, out a quarter here, and let a quarter run so in other words if you run at $104 or $105.40 and it’s trading at $109.30 that’s about four bucks.
And you’d already be out of three quarters of the trade set-up and you could trail the stop-loss or you could liquidate it at the end of the day that’s stops stuff that I like to do.
Woodford is going to be a doing a webinar Free Insider Stock Trading Summit ‘’See How to Reap Huge Profits Following Insider Trades.’’ It’s going to be Thursday, December 12th at 8PM EST.
Put in your information in those little white boxes and hit that little orange box that says YES, RESERVE MY SPOT that will register you for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
