3 winners on LULU while the market crashed

I think the craziest thing about our winner today is that it was a long trade in a market that was actually crashing.

While everyone else was getting hammered, we were focused. 

We used the "S" word - short - when we needed to, but we managed to pull not just one, but three long winners out of Lululemon.

Our average entry on the long idea was $111.

We exited at $115 for a solid 4-point win on a long trade.

Let that sink in. A 4-point win on the long side while the rest of the market was falling apart. 

That’s the highlight to end the week. It shows that when you understand VWAP and market mechanics, you don't care what the broader market is doing. You trade the chart in front of you.

If you’re already inside the room, I’ll see you tomorrow.

If you’re not in here yet, here’s the link to join us.

Have a great weekend.

Kenny Glick | Founder, Hit The Bid

P.S. 4 points long on $LULU while the market burned. This is why we don't guess - we wait for the setup. Whether the market is ripping or crashing, the lines don't lie. See you inside.