Rubber Band Oversold Bounce Setup
The third trade in our "live trades" series reveals how I trade the rubber band oversold bounce setup.
It's a fun setup. It's a profitable setup. It's also a commonly mistraded setup.
There are key mistakes traders are making when trying to catch oversold bounces; in today's video I reveal exactly how to trade the rubber band setup profitably in 4 easy steps that focus on:
- Extreme oversold levels
- Key entry signals
- Exit strategy
This is a live trade alerted to Swing Trade Report members seconds after entry. We have taken partial profits and moved our stops up to lock in big gains. Once the "lotto" position is complete, I'll update with another video.
Remember, our example is another in my series of live trade videos which makes it must watch: you'll get into my head and see exactly how we plan and manage the trade as it develops. I'll be back with another video on the exit.
This video is the third in the "Live" trading series.
Remember, members of the swing service get all of these trade alerts intraday in real time.
This swing trading service is great for those that work and can't monitor the computer all day. We have in-depth nightly reports on the game plan for the day/week, and all stock picks that I trade will be alerted and emailed to you.