Yesterday, there was a big mover. $LEI. (LEI) moved from 2 bucks all the way up to 10.60s area. Some people made money longing, which I guess is good for them, but the real valid trade here was a short play. Interactive Brokers did not have any shares when I looked. But here is how this short setup and worked.
This strategy uses moving averages and specific breakdown points. The Blue Circles identify entry points and the red circle identifies an area to lock in profits. If you look you can see that there is a potential of over 2 dollars a share in profits to the downside. This strategy involves buying and shorting based off of specific trends on the moving average. This was no setup that could have been taken from any other strategy. Even Tim Sykes didn't have this entry...matter fact Tim Sykes didn't even trade this. This is one of many examples that shows the power of this strategy! The risk vs reward on this was amazing! You risk was .40-.50 cents and the downside was nearly 3 dollars per share!
Have any questions? Feel free to email me at: thetradekiller@gmail.com
Below are the attached charts...
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