April 9, 2008
Guess the Trade Set-up for April 9
Subscribers received this fabulous “with the trend” set-up for April 9, along with several others. If you don’t know what stock this is, you can always exchange $20 with me and find out.
Cat: | Time: 8:08 am (utc+8)
April 9th, 2008 at 9:14 am
hah! found it! you won’t get my $20 dollars today… that stays in my “don’t trade SNDK” fund.
April 9th, 2008 at 9:35 am
I found the stock and it looks really good. Nice with-the-trend and the risk-reward looks appealing.
April 9th, 2008 at 9:48 am
@steve: SNDK? Did the Chairman lead you astray on SNDK once upon a time?
@Darin: You’re supposed to be lazy and hit the Paypal button. :-) But yes, the projected targets for this one are especially appealing.
April 9th, 2008 at 11:38 am
Could you explain in general why this is a good short candidate? I’m still learning and if I had come across this on my own, it wouldn’t have made me think to short it.
April 9th, 2008 at 12:11 pm
Chris: Before you consider any trade you have to ask yourself, how much will I lose when I’m wrong and how much can I make if I’m right, aka risk versus reward. Any trade set-up where the expected minimum gain is a large multiple of the expected maximum loss is a good one.
If you came across this on your own, you’d have to ask yourself these two questions, the same questions you ask yourself about *every single trade*: what is my risk, what is my reward. Now why this is a good set-up *right here* has to do with the mechanics of price swings, which I won’t go into for secretive reasons, but it’s the reason people pay me a modest monthly finder’s fee.
April 9th, 2008 at 1:16 pm
@Mao: Well since I don’t follow this stock and wouldn’t have seen this setup, I’ll sign up if I make over $20 on a May 65 put.
April 9th, 2008 at 2:19 pm
Darin: It’s all about risk versus reward … if you risk less than $10 to make $20 then all is well … win or lose, you should sign up. :-)
April 9th, 2008 at 7:19 pm
I’m not sure if you or anyone else has ever noticed but quickly going over past setups you posted, it seems that “the Box” is just picking up “Doji” or “Star” type candles as its trade criteria. Probably then just using some sort of measurement of recent past prices for the targets. Makes for one hell of expensive candlestick screener.
April 9th, 2008 at 9:21 pm
Budman: You’re on the wrong track but if you’d like to try to duplicate it at any price, be my guest.