Greeting Trader!
It’s been a crazy volatile month in the market but our trades have been paying out as well as ever -- if not BETTER, depending on how you play.
Let’s start with CMXC from back on January 5 and then my update last week. As you can see, the first day was good, rallying a nice 26%:
I’m sure some members of the team were happy to take the winnings and go, which is always your option. But those of you who kept playing? Oh boy!
I circled the days since that first alert where CMXC gave traders a shot at an intraday win. Standard cycle: load at the open, sell when the action peaks.
Count up all the theoretical nooks and crannies, it’s probably a BIG number, but you’re probably not that perfect unstoppable day trader, are you?
For the typical market meathead, the big win on CMXC would actually have come from playing the initial spike and then riding the long trend.
Maybe you cash out and refresh now and then, maybe you just ride end to end and you’re looking at around 35% now after about 3 volatile weeks.
The EXTRA 9% is mighty close to what the index fund boys expect to earn in a YEAR. Add that to the initial win and it’s alpha PLUS beta!
Not convinced yet that long trades on my alerts deliver the gusto? Let’s look back at OOIL from January 20:
That first day was not really a thrill, but I recall the market looked mighty unsteady back then. OOIL popped as high as 13% and that was that.
Next day, another morning run for the upside. Day after that, same thing. Friday, OOIL dispenses with the formalities and just gaps up big.
Play the day-to-day moves or simply come in at the beginning and hang on for the long win -- it’s your call, but it’s added up to a LOT more than 13%!
I have to admit the chart on both OOIL and CMXC does not look anywhere near finished yet, by the way. Nice strong trend lines pointing UP.
Throw in the MACD, the RSI, the way implied resistance has flipped to become support, I’m not convinced either rally has peaked!
And sometimes the first day is not hugely impressive but those of you who keep the alert in your sights rake in the returns we like after all!
Take a fresh look at SITO, which I initially wrote off as “good but not great” when its first day barely cleared 2 digits:
First day was good. Hang on end to end and you might be looking at 64% over the last 6 days -- and once again, the trend seems as strong as ever!
But traders who thought that SITO was a tempting play at $0.19 and kept their eyes open got to come in at $0.147 a few days into the run.
Swoop in at that temporary bottom and ride the next few days, that position has DOUBLED in a matter of a week!
The home runs are still out there. You’ve just got to play them smart, balance patience with greed, and keep your eyes on the prize.
I’m telling you this because I want you to win. The alerts are only the blue plate special on the menu -- I can’t tell you how to chew your food!
And you know what? All of these trades are still active. OOIL might hit one of its news beats. CMXC is still in play. SITO still slopes uphill.
Sincerely,
Michael Reef
yourstockguy@gmail.com
