If you haven’t read my last article about “Gap Scanner” check it out HERE. Also our class on how to play the gap HERE. Today we had some complains in our chat that many people couldn’t get good fill on the alert(s) because stock(s) went up too fast after initial alert. However, if you watch the video lesson #7 HERE about Fibonacci Retracement you can get another entry on the pull back and still do well on the trade(s). Jason did a great job explaining it in that video lesson, but I’m just going to give some examples for those who still not a member so you guys/gals can see how we roll in chat.
When a stock is moving up/down very fast, this tool can be used to
determine next support/resistance level. So to use the tool (on Etrade), it
should be under “tools” in the chart window. Select “Fibonacci Retracement”. We
are going to pin point/draw the chart on 2 points. First point is on the lowest
bar just before the big move begins, and the second point is the highest point
before a stock pulls back. The common level that traders trying to get in
before the turn are 50% and 61.8% retracement. If the stock is down too much and
pass the 61.8% then we can assume that the turn is not valid. You can learn
more about how to spot the turn and when is a right time to buy in this video
lesson HERE.
So that’s how to take advantage of the tool and use it to maximize your
profit with JasonBondPicks service. Below are our alerts this
week, enjoy.
$CEDC alerted as a buy on Wednesday May 23rd at $3.80. The next day it peaks at $4.30s and pulled back, then Jason sold at $4.20 for roughly 10% profit. However, many subscribers sold before that and be able to captured more gain! In the chart below you can see how Fibonacci Retracement comes in handy with fast moving stock. Subscribers who were not in chat and couldn't get in at the same price can also pick up some shares at 50% retracement and still have roughly around +.30/share in 1 day!
$CEDC alerted as a buy on Wednesday May 23rd at $3.80. The next day it peaks at $4.30s and pulled back, then Jason sold at $4.20 for roughly 10% profit. However, many subscribers sold before that and be able to captured more gain! In the chart below you can see how Fibonacci Retracement comes in handy with fast moving stock. Subscribers who were not in chat and couldn't get in at the same price can also pick up some shares at 50% retracement and still have roughly around +.30/share in 1 day!
$JVA alerted at $6.66 on Monday May 21st. Again if you were not in chat at that moment, don't chase! Instead pull up Fibonacci tool and start drawing the line, then wait for new entry level. Here you can see it's kinda flirting around $7.02level which also happened to be 50% retracement. You can pick up some shares there and sold the next day for 10%+ profit.
$VRNG, Jason alerted this today, Thurday May 24th at $2.84. It ran to $3.20 in 10 minutes and many people in chat got in a bit after Jason, around low $2.90s then sold the next 5min for quick profit. Some still holding overnight for more and Jay hasn't alerted a sell yet because his target is around $3.50 - $3.80. $VRNG ran up so fast that many members complained that they couldn't get a good fill and bought at the top (because of market order). First of all you don't put market buy order on fast moving stocks! Second of all you don't chase! Instead, chill, pull up Fibonacci tool, draw the line and be ready to act on the next move as shown in the chart below. You can see that many members could have picked up some shares around $3.02-$3.06 (50% retracement) and take roughly 10% profit at the end of the day!
That's a sneak peek on how our service works gang. We are 3/3 this week (JVA, CEDC, VRNG) with 10%+ in each trade. If you were to mirror the trade and only buy 1,000 shares with each alert. That would have net you $2,000+ for the week. So what are you waiting for? Our alert works! It works for me and it will work for you! Come and join us HERE, and start raking it in TODAY!
