Short GPS From our watch list.
Entry 32.66/ Stop 32.80
Target 1 32.50 1/2 +.12
Target 2 32.40 1/4 +.26
Target 3 32.30 1/4 +.36
risk/Return .14/ .36 =257%
This whole trade took only 5 minutes. So we were happy with the early morning gain.
But GPS dropped another $1 after we got out. If we held this would’ve been the only
trade we would take.(reason : It is so much money so fast.)
Trade 2
Short ALLT Added to our watch list in the morning.
ALLT is an obscure stock that we would not normally trade due to reasons that we teach
in our course. But this presented an opportunity.
Entry 14.30/Stop 14.50
Target 1 14.00 1/2 +.30
We quickly lowered our stop to 14.30
Target 2 13.50 Never hit. We were stopped out 1/2 to B/E.
risk/Return .20/.30 = 150%
Trade 3
Long GPS Entry 31.40/ Stop 31.11
Target 1 31.60 1/2 +.18
Target 2 31.70 1/4 +.30
See where we exited. Exactly where it turned down
We quickly moved our stop to 31.50 Stopped out 1/4 +.10
We made quick gains. But GPS continued up another $1 !!!
risk/ Return .29/.30 = 100%
Trade 4
Long GNC GNC dropped all day long .And we didn’t see it till late.
So how do we make money out of that?
Entry 31.18/Stop 31.10
Target 1 31.30 We got 31.47 All out for +.29
risk/ Return .08/.29 =360%
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