Today I made $4500 in the first 15 minutes of the day with one simple setup – the Rubberband Snapback. I wanted to do this quick overview, as Bootcamp starts tomorrow and I won’t have nearly as much time.
I started the day with $VRX on my radar. It had been beaten down from $70 to the $20s just a week ago. That kind of swift, sharp move is often (not always!) followed by a snap back in the other direction. Just like a rubber band, you can only ‘stretch’ a stock so far in one direction!
I was waiting and watching for one of two triggers: a break of resistance or going from red to green. We got both at once. For a quick review of this strategy, check out the following video.
But that’s just scratching the surface. If you really want to learn how to trade this setup and the rest of the Bulls system, the Bootcamp is the way to go. We spend a month going over every single aspect of my trading system in great detail. After that, I show you how I trade that system every day, going over my trades three afternoons a week for a month. Finally, you’ll spend a month on the simulator, putting everything you’ve learned to use.
If you want to really learn how to day or swing trade stocks, shoot Maribeth an email at email@example.com and she’ll walk you through everything. But don’t wait, as class starts tomorrow!