3 winning trades, plus a bonus we haven't seen in over a month
This is an update on the room and how fantastic it went today. The best part?
We're in the midst of something we haven't seen in over a month and a half: real selling.
People are finally selling stocks. But the beauty of our system is that it transcends all market time and space - in every environment.
Take $ASTS.
It was super bullish. It was hard to believe we traded it this well, but we did. Let's walk through the steps:
We look to buy stocks gapped down on earnings.
We look for the Fo-Sho-Bro under VWAP.
Right there in the pre-market at $73, we bought it. We banged it out around $75. On a measly 200 shares, you made close to $500 or $600 in about 10 minutes.
As I’ve been instructing: where you sell on the way up is where you sell on the way down. So, as we got closer to the open, we were out of the position.
Then we waited. Can you give us another chance?
There it was. Fake out, shake out, VWAP break. Some were afraid of the opening candle, but we weren't afraid to buy a triple top break. We bought it back for around $75.75.
It basically went to our yellow line. But when it didn't break above it and started to roll over, what do we do? Sit there and stare at it? No. We sacrifice some profits and sell on the way back down. We exited around $78 for another $3 gain.
But here's why this was the best trade of the day: we sold it before it rolled over and died.
You went from a long trade right into an opportunity to short the stock at $76 because the trade morphed from a Fo-Sho-Bro into a Finger of God. Both patterns showed up in the same half-hour.
That gave us the ability to get short.
The same thing happened with $RGTI.
A tough trade, but the Fo-Sho-Bro paid a couple hundred bucks, and we got out knowing real selling was happening today.
I’ll give you one more for fun: $HIMS.
I'm not a fan of the stock, but it gave a fake out, shake out, and a VWAP break. We bought at $25.50. It got to our target, we sold for about a $1,000 profit. Then it overshoots, rolls over, falls apart, tests the level, and dies.
Look what happened once we sold. That is the best feeling in the world—selling near a high, and watching it roll over and die after you get out.
$ASTS, $RGTI, $HIMS. Lovely.
Some of us also made money on a $QQQ short, which I don't think I've said out loud in a month and a half.
This is what happens when you trade what the market gives you.
Kenny Glick | Founder, Hit The Bid
P.S. We’re having a special sale right now. You can get Hit the Bid at a sharp discount for either 30 days or grab annual access. Don't wait until the market changes again without you. Get the full details here.
