Hubert Senters here.
Before I get started on the chart of the day let’s take a look at a couple of different questions. I’m just going to read them from my slack. Sarah pasted them for me.
First question is from Mike. Hi, one more question. No problem Mike. Can I base the Ichimoku course on swing or is it just for day trade?
It’s for all three different time frames. You can intraday with it. You can microscalp with it. Although if you microscalp with it it’s just like anything else.
You’re going to have a high signal noise ratio so you got to be more careful. You can use it for day trading. You can use it for swing trading. You can use it for position trading and you can use it for long term investing.
It’s a technical strategy. And then second question here is from David. Any warrants that you like? I’m not a big warrants guy. I think I’ve traded maybe twice. I got warrants early. And I got stuck with them and I didn’t like the situation.
Like I had to hold them longer like I wanted to hold them. So I don’t really trade a lot of warrants. I know it’s probably not the question you’re looking for.
But I’ll do it as an angel investor if I can get some more like that because that’s a longer term hold. Like if I get to hold something for three to four or five or six years I got to hold it so it doesn’t matter.
It’s another way to make some more money. But as far as like investing in to regulated markets in the stock market I’ve done like I said warrants I think twice. I know I did warrants. I still didn’t like it. I still didn’t like it that I got it in it like 25 cents or 50 cents or a dollar.
Let’s say a dollar. I think I got into a dollar. And I still didn’t like the situation. It was just a sketchy play in my opinion. I don’t think I even made money. I think the company went down lower and I owned it higher. So the warrants didn’t do any favor or whatsoever.
Let’s take a look at KHC. KHC breaking out. It had one day above the cloud then two sideways today and then the third day vertical, fourth day vertical. It continues to climb folks. I’ll see where it may go next.
It could potentially go to. Next target $39.28 and then $39.98. It’s currently trading at $38.96 so not a crazy target we would have to pullback and make it a little bit longer term which I can do.
We can still use that as a high and then we use this as a low and then you can see it opened up. Let it breathe like a good bottle of wine. $40, $41 and $43.
Trade Thirsty is hosting a Toast to Traders event. If you don’t know what is it’s basically a multi speaker event. These are the four cats that are going to be speaking Steven, Mark, Troy and Dan.
Down here are the topics that they’re going to be discussing so just go down here and scroll down and see which guest expert you’re kind of going to go for and figure out what time they’re speaking and then show up for that time.
Or if you want to listen to all of them show up from 9am at Steven and stay until 1PM for Dan.
Good luck. Hope it helps. I’ll HYPERLINK you to the registration page.
Hubert.
