Open House Day 4 (Handling The Downside)
Open House Day 4 (Handling The Downside)
Jul 22, 2016
Thanks to everyone who is participating in our summer Test Drive. Today SPY lost -.82 cents. while Holly lost -.04 cents on a total of 17 suggested trades. When we are negative we look to be down less than the SPY. Not all days can be positive, trades go against the assumption. We watch Holly work negative days and gain the confidence that we can handle this type of situation in a controlled manner.
Today’s Holly’s highlight real trade came from TACO – Del Taco Restaurants Inc. TACO came from two separate strategies allowing us to trade the same stock twice. Initially, at 7:01 (PST) Holly suggested to buy TACO at $10.62 from the strategy “Alpha Predator”. Profit Save Mode quickly took over and 10 cents profit was taken. Two hours later Holly suggested to buy TACO again at $10.68 via the strategy called “Count De Monet”. Although we were completely following Risk Off Mode, where opportunities are scalped rather than considered momentum or continuation trades, Count De Monet still managed to squeeze every bit of profit to exit perfectly at $11.22 – almost the high of the day. The big advantage for investors in using our approach is that we find the statistical POTENTIAL in price behavior and that lets us see things that no one other than a Trade Ideas Holly user is able to see.
Another standout Holly trade today was KZ, KongZhong Corporation. This trade was initiated at 7:57 am (PST) at $5.07 it was held for an hour and exited in Risk Off Mode.
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