Hubert Senters here.

Let’s take a look at the markets. Obviously, we had a lot of big moves today at YM, The Dow down $990 points at the recording of this video. The S&P is down $109. The Nasdaq is down only $375 that’s nothing so let’s look at Tiffany so heads up, going to get worse. Tiffany’s already ugly. It was already below the cloud and trending lower and it had a gap down situation sideways consolidation and the gap down and continue going lower.

Probably going to continue to drop below a hundred. Walk you through a couple of trade so I’m going to walk you through a 60 minute trade on Tiffany. You can see right here. This is minus point zero. This was a flat trade. No money was made. No money was lost there.

On the second trade, here’s a short at $129.18 and you can see minus negative 1. So there is a 1X loss there. And then the third trade you develop up in here because you already know it’s short. All you’re doing is bet in short, placing in the short, tight stop-loss and seeing if your risk rewards is going to pay you out.

So in this side of risk of $1.111 that is acceptable. Anything less than two or three I’m cool with it starts creeping above two or three it kind of freaks me out a little bit so I don’t want to take it. So the short is at $129.43. Target one, the yellow line, target two, the magenta or purple line depending on what your eyes kind of see.

And then you can see the trailing stop-losses all the way up here at $128 and now it’s trading at $110. This is going to negate this break even trade which is at minus zero. And then it’s going to negate this minus one because we’ve already picked that up target one and target two.

And this will be like a 10x trade which is what you’re looking for. Meantime you can take a risk reward ratio and you can 3X, 5X or 10x that stuff. That’s a good thing because you can be wrong more than your right as long as you get your risk reward ratios dialed in there that turns out to be a good thing for you.

So heads up we’re due for a good 10 to 30 percent drawdown in all the markets. We’ve had one heck of a bull market for the past nine years. Look you’ve got to pay the property. Everything can’t just go straight up so you got to know what you’re doing there.

Things are going to probably get a whole lot uglier before they get better. It’s time for it. We need a good retracement. And it’s just healthy for the market. Hopefully, you’ve made a gob of cash on the way up and hopefully you make some more money on the way down.

Mark’s going to be doing a special webinar on ‘’How to Trade with a Minnow Risk to Target Whale Profits’’ which is basically what I was showing you on that indicator. It’s called The Ultimate, the breakout indicator pro and that’s what it does. It calculates up your risk and your potential reward and what you can go for on that type of thing so.

That webinar is going to be Wednesday, October 17th at 8PM EST. All you have to do is click CLAIM MY SPOT NOW to register for the webinar. You can also read the details of what you will be learning at that webinar.

Good luck. Hope it helps. And I’ll see you on the next video.

Hubert.