Monday, February 6, 2023

I have to get this off my chest

Hey, it's Anthony:

I have a confession to make.

There's a reason my emails look different than what you're probably used to seeing.

It's because I'm not an internet marketer or a "guru" — and I'm more than OK with that… 


 

Playing the "Failed Breakout"


One thing that separates successful traders from everyone else is understanding both sides of the trade.

In fact, my friend Steven Place has a strategy he likes to call the "Failed Breakout" that's designed around this very concept.

Check out this example on US Steel:

After a strong move higher, the stock attempted to break to new highs and had a hard push to the downside.

There was even an attempt back at those levels that was smacked down to range lows.

And it was all downhill from here:

The stock sold off nearly 60% after that pattern.

So, what happened?

Think about the other side of the trade.

You have momentum buyers who will try to play breakouts, and then they will place stops if they are wrong on the trade.

If the stock fails to move higher and then reverses, it means the stock is going to see another push to the downside and potentially start a downtrend.

With this setup, we're not focused on an indicator with two lines crossing over — we're just considering the motivations of the other market participants.

When you start to do that, a whole new world opens up for how you can profitably trade the market.

(Automatically registers you for the live event)

Now there's a new setup forming on a large commodity stock…

And tomorrow at 11 a.m. Eastern, Steven will be live to show you more about the "failed breakout" setup…

Plus the details of a little-known market "roadmap" for tracking the footsteps of institutional investors.

Click here to secure your seat for tomorrow's exclusive training!

(Automatically registers you for the live event)

Important Events:

Tomorrow, February 7 at 11 AM: A "Secret Road Map" to Explosive Stock Gains (Automatically registers you for the live event)

Thursday, February 9 at 11 AM ET: Former Mechanic turned Millionaire Trader Spills His Secrets 

Saturday, February 11 at 11 AM ET: 1,056% Gains by "Surveilling" Wall Street?

Anthony Speciale

Market Expert at Big Energy Profits

team1@hawkeyetraders.com
bigenergyprofits.com


Call us: (888) 233-8598

DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results.

CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

We'll always treat your personal information with the utmost care and will never sell it to third parties. You can find out more about what data we hold about you, why we need it, and how we keep that information safe in our Privacy Policy.

No comments:

Post a Comment

Don't Ignore This - Get MarketClub Free

We want to show you how to get 6 months of MarketClub at no cost. ...