The trade that transcends all market time and space
If you are reading this email or watching the video I attached below, I am really hoping you caught the Intel short today.
It is not getting any easier than this, friends.
We had a 1-minute multi-day VWAP reversal.
These were your first two trades of the year with me:
Yesterday, we caught $IBM on a 1-minute multi-day VWAP reversal to the upside while the broader market was dropping. It is the trade that never fails and transcends all market time and space.
Today, we came in looking to short Intel. It gapped up, but the broader market was already weak. Then, it did the exact same setup: a 1-minute multi-day VWAP reversal.
If you didn't trade it in the pre-market or near the open, there was one other place to get involved. It was right when it retraced back to $101.
That level was important. That was the level it originally broke down from. Look at the wonderful rigging of the market—it gets back to the exact same price, giving you a perfect chance to short it again.
And the result?
We shorted at $101. The stock fell to $95.
Collectively, that was 4 points of meat on the bone. Like I always say, it doesn't have to be some monstrous trade. If you do 300 shares and make 4 points, that's $1,200. And most of this trade was in hand within the first 10 minutes.
Congratulations.
If you're keeping track of the new streak, we are 2 for 2. IBM yesterday, Intel today.
Let's keep the streak alive. If you don't have a trade that works every time, maybe you should take the one that does.
I'll be the first to tell you that nothing works 100% of the time forever, but even if it works 50% or 20% of the time, with proper risk management, you should come out ahead.
That's why you're with me.
Click here to watch my video recap of today's trades:
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.
Kenny Glick | Founder, Hit The Bid
P.S. Catching one good trade a day is fine. But how about the 8 or 9 setups we find every day using this exact same pattern? Come see them live.