[edit] Arrrgh,they turned me into a day trader. Taking 9%.
[edit2] I bought it back again on the pullback; we’ll see how it works out.
First as usual with me, the disclaimers. I make bad trades and I highlight ideas that do not work out. I am human and therefore do not have guru status. Examples of failures were recent forays into Sugar (it actually worked temporarily, but I messed up my own trade and sold for breakeven) and NatGas (loss). There are others.
There are lots of money makers as well. Cryolife (CRY) is the most recent, as posted yesterday. It’s up 10% from the recommended buy area at the lower trend line in just a day. Below is the updated chart from the post.
Now of course, I did not think the rebound would be this hard the next day. Also, the trade is not over for me because I have personally not sold it (yet) on today’s bounce. I am not a day trader, or at least I try not to be. So we’ll see. But this thing could just as easily drop again tomorrow. But anyone who so chooses can take around 10% right now. That was not the original intent of this idea, but in this casino you take what they give you sometimes.
The link above shows what kind of ideas NFTRH+ looks for. A knock down within an uptrend or when applicable, shorting opportunities within downtrends. On the shorts I’d probably concentrate mainly in index ETFs rather than individual stocks.
NFTRH+ is a free add-on to the regular service for those who want trading ideas. Not being the world’s foremost trader I do not represent it as an important part of the overall service. I personally value top down macro market insight much more than trading. But anyway, the link above gives an idea of how + works.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
