you MUST follow:
You always enter your short BELOW
the distance of the $GB and COVER 100% if the stock trades
over $0.21 cents
above the $GB signal or zone.
Once you have profits
building, then place a $1.00 GTC trailing stop on stock
trades with low volatility and open the stop up on high
beta stocks. I like to take profits based on a daily chart
vs. using intraday charts. Follow the daily bar-by-bar
but you have to ultimately decide when to take your
If you play options on
these, then buy ITM and more time for Puts and place
stops at 55% of what you paid.
If you sell Bear Call
Spreads, then stops at 55% or you roll out to the next
month the week of expiration if the stock
trades back above the $GB more than the distance of the
initial $GB short signal.
If you trade weekly
options, then you always trade for ALL OR NOTHING—NO
STOP LOSS and take profits as you see fit...but DO TAKE
NOTE: If you get stopped
out, then short again if the stock trades back into the
These can and will fail,
so proper money management and trading every signal I
post will aggregate profits over time. Once you get
profits going, increase your size conservatively.
THERE IS ALWAYS ANOTHER
PROFITABLE TRADE COMING!