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Attention V.I.P. Traders...
Put LEI on your radar NOW!
Get to your trading screen now!
LEI (NYSE) closed Tuesday's session at .50
I have good reason to believe LEI could rally much higher today!
Remember, this is a momentum alert!
That means this PICK is far less about what the company does and ALL about how the stock trades TODAY ONLY!
All You Want To Do Is Trade The Price Action. Period.
The best advice I can give for picks like LEI:
1. Get in early.
2. Watch level2 like a hawk.
3. Take profit on the way up.
If you wait until the price peaks, you might be too late and we never want to be left chasing a stock back down.
With that being said, good luck and happy trading!
About the Company:
Based in Houston, Texas, Lucas Energy (LEI) is an asset rich, independent oil and gas company focused on developing its low risk oil based reserves.
Lucas has interests in over 15,000 net acres in South and East Texas, with proved reserves valued at $132.6 million (SEC PV - 10), plus probable reserves valued at $35.9 million.
Its acreage encompasses the Eagle Ford share , one of the most active plays in the U.S., in addition to the Austin Chalk, Buda and Glen Rose formations.
Productive wells have recently been drilled in the acreage surrounding Lucas’ leasehold.
The current management team, put in place in December 2012, swiftly repositioned the Company for growth and new opportunities.
Over the past twelve months, management has favorably resolved legacy legal matters, sold non - strategic properties, improved the balance sheet, reduced LOE and G&A expenses and increased the efficiency of field operations.
In December 2013 , the Company stated that it is actively reviewing a number of opportunities for strategic partnership, acquisitions, and mergers with a focus on development of reserves, increasing revenue, and improving shareholder value.
You may continue your research at
http://www.lucasenergy.com/
and make sure LEI gets your FULL ATTENTION ASAP!
Follow these rules and strategies and you will learn how to book consistent profits.
GETTING IN
Always use limit orders when getting into a stock. Pick an entry price and stick with it. Don't chase stocks. There will always be another trade right around the corner. Don't beat yourself up if you miss one. The last thing you want to do is over pay because you see a stock moving and think you are missing the boat. Never use market orders to enter into a trade. Using market orders allows the market maker to fill you at whatever price they like and leaves you vulnerable to getting poor fills.
IF A STOCK GAPS WAY UP DO NOT CHASE IT!
Most stocks that gap up will come down during the day. (usually starting between 9:45 EST and 10:15 EST) When a stock gaps up the market makers will usually push it lower starting at this time to try to get investors to panic and sell shares back to them so they can make a profit on any shares they are short from filling orders on the gap. If you like the stock and it gaps up you can usually pick up cheaper shares when the market settles back.
WATCH THE OPEN
Watching the open is very important. You can learn a lot about how a stock may act in the first 10-15 minutes after the market opens. The first thing I look for is lots of selling. If you are watching a stock that has an average daily volume of 50,000 shares and the stock trades 250,000 shares in the first ten minutes and it isn't moving this is not a good sign. This means there are lots of sellers and they are probably only going to get more aggressive as the day goes on. You want to see a stock tick up on a regular basis as you see buys come in. If you are in a stock and you see lots of buying and it's not moving GET OUT. Don't wait. KEEP YOUR LOSSES SMALL THE SAFEST WAY TO DO THIS IS TO SELL A STOCK IF IT GOES BELOW THE PRICE IN MY ALERT.
When you enter a trade you need to determine how much you are willing to risk. Have a firm number and get out if the trade goes against you. Every big loss started as a small loss where the investor lost control of their emotions and didn't close out the trade. When you're an investor you are going to have trades that go against you. It happens to everyone. Successful traders know how to limit losses while unsuccessful ones do not. They begin to hope and pray that the stock will turn around so they don't lose money and next thing they know a small 10% loss is now a 40% loss. At this point they begin to think the stock cannot go any lower and they hang on. Now it's a 90% loss and they finally sell. Do not let this be you. Put a line in the sand in every trade you do. When it gets over that line, get out.
BE CONSISTENT
Get used to booking profits no matter how small. It may help to learn to take small profits when you begin. There is nothing wrong with taking 10%, 15%, or 20% profits on trades. This gets you in a winning state of mind and makes taking profits much more of a habit. You do not need to buy at every low and sell at every high in order to make a lot of money in the market. You just need to be consistent. Everyone wants to hit home runs when they buy penny stocks but the fact is most investors will lose more money hanging on for the big winner instead of taking consistent profits.
DO NOT BE GREEDY!
This will be the death of your trading account.
A mistake that many traders make is allowing a profitable trade to turn into a break even or losing trade. Always book profits no matter how small. Put the money in the bank.
Follow these rules and you will become a much better trader!
AS ALWAYS DO YOUR RESEARCH AND WATCH FOR MORE STOCKS FROM THE FREE STOCK ALERTS NETWORK!
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