What is “Chart Trades?”
Chart Trades is exactly as it sounds – trade ideas based on charts.
How is it different than the other reports?
While the chart patterns will look familiar, we’ll be providing a lot more details:
1-Suggested entry and exit levels
2-Reasons for entering & exiting
3-Performance tracking per trade
What kind of strategies will you be using for trades?
Breakouts, breakdowns and mean-reverting moves – the same opportunities we discuss in our other reports.
What other information will you share?
1-Each report will display potential trades, current live trades and recently closed trades. (The closed trade section will be refreshed each quarter.)
2-A watch list to track other stocks of interest in between reports
How often will Chart Trades be published?
One formal report per week, along with trades ideas in the days in between the longer pieces.
How are targets and stops determined?
Targets:
1-Breakouts/Breakdowns: measured moves
2-Mean reversion: retracement levels or clear support/resistance zones.
Stops:
This won’t be a certain % away from our entry point. Instead, we’ll be using clear support/resistance zones here, too.
How will you minimize risk?
This will be done in two ways.
1-Sell/cover at the pre-determined stop loss
2-Raise stops as the stock moves in our favor
Will you lock in profits when a stock hits its target?
Yes, each trade will be closed as soon as it hits a target.
Are there any other rules?
We will not be trading around earnings. If we identify an attractive set up before an expected earnings announcement, we will close it out BEFORE the stock reports regardless of if the target/stop is hit.
***Important***
1-Chart Trades was created to round out our suite of reports by providing clear trade set ups and to educate our subscribers. Our goal is to identify the ideas, communicate them, explain our strategy and provide suggested entry and exit points.
2-We will strictly adhere to the rules as much as the market allows. Stock gaps, halts or anything else that causes extreme price action may prevent us from getting “out” at our predetermined prices.
3-Subscribers may choose to be more aggressive or conservative than our rules based on their own risk tolerance, time horizon and investment objectives. This being the case, the Chart Trades results may greatly differ among subscribers.
4-Due your own due diligence. These trade ideas are based on price action alone.
5- Some trades may not be suitable for subscribers. If you’re not comfortable with a trade, it’s better to avoid it.
