We risked $1,000 to make $7,000 today…
We are in the middle of a raging, unprecedented bull market. The market is still going higher all day. So what did we do?
We shorted a tech stock.
Specifically, we shorted Hewlett Packard Enterprise ($HPE).
Why? Because the trade setup told us to. It gapped up, it broke VWAP, and it had a multi-day VWAP target 8 points below.
We got short at $62 with 500 shares. We were risking $1,000 for a potential $7,000 reward.
The stock proceeded to flush right down to the prior-day VWAP. We covered the multi-day VWAP and locked in that $7,000 reward.
What needs to be said about this trade is that it works so well it transcends all market environments. It transcends time and space.
Even when the market is ignoring gravity, the lines on the chart still work. That’s why you need multiple time-frame VWAP in your life.
That’s why these trades are working every time they show up.
We also caught a nice one with Dollar General ($DG) today, but the $HPE trade was the masterpiece.
If you’re already inside the room, I’ll see you tomorrow to do it again.
If you’re not in here yet, you are missing trades that are working in every market condition.
Click here to join us inside the Room.
Kenny Glick | Founder, Hit The Bid
P.S. Risking $1,000 to make $7,000 on a short trade during a massive bull market. You don't do that by guessing. You do that by following the lines. Join the room and learn how we do it.