Teachable Moment; Bidding ZNGA Tuesday With Conviction For $1,000
As the head of this service I do everything possible to communicate effectively with subscribers. It does not matter if I can execute trades well if I have not taught them to do the same. Tuesday morning’s watch list had 3 ideas, all of which I bought and alerted by chat, text and email in real time. After the first buy at 10 a.m. EST I told subscribers exactly where I was planning to buy the next 2 ideas. ZNGA was 1 of them and I informed subscribers I was on the bid at $4.80.
Swing trading is 1-4 day holds and I shoot for 5-10% profit targets. This morning ZNGA has already hit $5.15 and is currently $5.07 making that an easy 7% so far simply by followed my lead. Very few traders like to buy support and sell resistance, instead they chase only to become upside down in trade after trade. How did I identify $4.80 as support on ZNGA when the knife was falling fast?
How did I get this to my members 3 hours before it occurred allowing my subscribers and I to fill when the low touched $4.78 and bounced immediately? Watch the video lessons and do your homework because it’s not as hard as it seems, but it does take conviction. Cheers to everyone who made quick money on that trade, $1,000 in 2 hours for me or 4% rinse and repeat.
Tuesday’s 3 minute price action
50 day chart – we caught the falling knife perfect
“Out half my LQMT +$13,465 on that half.”